Are the CMA’s provisional recommendations enough to increase competition in the banking sector? October 22, 2015 Omar Ali, head of UK financial services at EY, says Yes The CMA’s provisional remedies will encourage competition in a market that’s already much more competitive than it was. We now have several credible challenger banks, a burgeoning fintech sector and a switching service better than most markets. But the CMA is right to [...]
Cybercrime: IT workers are actually the office’s worst offenders when it comes to IT security October 22, 2015 How’s this for ironic:it turns out the office’s tech-savvy IT workers are actually the greatest offenders when it comes to scrimping on IT security. In its annual Insider Risk Report 2015, Intermedia has analysed online security habits of over 2,000 UK and US employees. The report found that, well, pretty much all of us have [...]
Deloitte: Bitcoin isn’t ready to be regulated yet October 22, 2015 Deloitte has said bitcoin doesn’t need to be regulated yet, comparing the digital currency to technologies like the telephone and the internet, which were both given decades to mature before regulation. In its report, “Bitcoin at the crossroads”, the professional services firm said despite the financial industry’s excitement over bitcoin and blockchain, the underlying technology supporting it, [...]
Driverless technology: London’s existing drivers must be central to the solution October 22, 2015 London is commonly considered the UK’s test bed for technology and innovation. As a hub for digital technology, it comes as no surprise that driverless cars, the most controversial motor innovation of recent times, would be trialled in the capital to show its potential for the rest of the country. Last year, Kabbee hosted an industry-first roundtable to [...]
Science grads earn the highest wages initially but arts students win in the end – Emolument October 22, 2015 Science graduates might earn the most when they first leave university, but arts students ultimately land the biggest pay cheques. A new study by Emolument shows that in both the US and the UK, employers hiring recent graduates look most favourably at the technical and numeracy skills of scientists. But as people get older and more [...]
Boris Johnson is going to boost internet connectivity across London with help from the Cheesegrater and the Walkie Talkie October 21, 2015 Sick of bad internet connections? You’re not the only one – but things could be about to change. The much-maligned Walkie Talkie building is about to live up to its name in more ways than one, as it becomes one of the buildings signed up boost internet connectivity in London. To improve connectivity across the [...]
Back to the Future 2 Day October 21, 2015: Seven of tech’s biggest entrepreneurs and what they were doing back in 1985 October 21, 2015 It’s not just the technology that’s different on Back to the Future Day (the day which Marty McFly travels to from 1985 in the second instalment of the film). The world’s best known entrepreneurs who have changed the way we live in the last 30 years were living very different lives back in 1985 when [...]
Yahoo announces new ads deal with Google after revealing underwhelming results October 21, 2015 Yahoo last night posted an underwhelming 6.8 per cent increase in revenue for the three months to September and announced a new advertising agreement with Google. Google will pay Yahoo a percentage of revenue from ads displayed on Yahoo sites and get fees for requests for images or web search results. Yahoo’s net profit came [...]
Digital firms in Tech City UK’s Future Fifty raise £470m as international expansion increases October 21, 2015 Companies in the Future Fifty programme have raised £470m in funding during the first nine months of 2015, up 63 per cent on the total raised throughout the whole of 2014. Tech City UK, which runs the programme, said the “exceptional fundraising activity” was linked to “unprecented rates of international expansion”. Publicly funded Tech City [...]
2015 Orionid Meteor Shower: When is it, what is it and where can I see it? October 20, 2015 The Orionid meteor shower happens every year and is connected with Halley’s Comet; it's the debris from its most recent passage, back in 1986, hitting the Earth’s atmosphere. The meteors are the debris left behind by Halley's Comet, which last whizzed past the Earth in 1986, and are the particles from that last passage that slammed against the [...]