US financial inclusion fintech launches in the UK to open up immigrants’ access to credit April 12, 2022 US financial inclusion fintech Nova Credit has expanded into the UK today with plans to open up access to credit for immigrants across Europe.
Fake friends: Impersonation Instagram scams sky rocket by 155 per cent April 12, 2022 New data published this morning has revealed that Instagram has seen a 155 per cent spike in impersonation fraud in the past year as the scam wars continue to plague social media. According to research from Lloyds Bank, the uplift in tricksters can be contrasted with falling levels across Facebook and Snapchat, which were down [...]
UK’s audit watchdog set to reclaim control over licensing of major accountancy firms April 12, 2022 The UK’s audit watchdog is preparing to strengthen its powers to sanction Britain’s major accountancy firms. The Financial Reporting Council (FRC) is readying itself to take back control over the registration of the UK’s auditing firms, sources told the Financial Times. In doing so, the FRC would be given new powers to strip licenses from [...]
Revealed: Coinbase takes top spot in crypto exchange rankings April 11, 2022 Crypto exchange Coinbase has been crowned as the lowest risk marketplace for trading digital assets by research firm Cryptocompare.
A good time to re-assess the value of ESG investing April 11, 2022 No City earnings call, annual report, or even chief executive interview is now complete without a mention of what a firm is doing to meet its ‘ESG goals.’ At times this has bordered on the ludicrous: Terry Smith, the legendary investor, found a warm audience to his critique of Unilever attempting to define the purpose [...]
Barrister numbers plummeted during Covid-19 as earnings dropped 23 per cent April 11, 2022 The Bar Council has said urgent investment is needed to “keep the criminal justice system afloat” after publishing new data showing barristers suffered heavily during Covid-19. The total number of barristers working in full-time publicly funded positions dropped by more than 10 per cent from 2,670 in 2019-20 to 2,400 in 2020-21, the Bar Council [...]
Silicon Valley forced to become copycats as TikTok set to triple ad revenue to £8.4bn April 11, 2022 Chinese powerhouse TikTok is on track to dwarf its US rivals this year, with advertising revenue set to triple to more than $11bn (£8.4bn)
Regulators raise concerns as investors swap shares for crypto April 11, 2022 Natwest has revealed more of its customers invest in crypto than shares, as the popularity of digital assets continues to soar.
Tortilla boss: ‘No intention’ of further price rises for customers as burrito chain eyes more dark kitchens April 11, 2022 Burrito chain Tortilla is eyeing dark kitchens in suburbia as a means to test locations before opening physical restaurants. Richard Morris, chief executive of the on-the-go operator, told CityA.M. that Tortilla viewed delivery as a “key part of our future.” “We realised that in London there are opportunities to further saturate the city with Tortilla [...]
Police training documents suggest the force are unequipped to investigate Big Tech April 11, 2022 New training documents have revealed that UK police officers are left largely unequipped to investigate Big Tech despite a government push to crackdown on online harms. According to reports from Sky News, training fails to teach officers how they can contribute to social media app investigations, with officers instead being told to obtain specialist support. [...]
