City banks and financial services firms bet heavily on tech and data analytics October 27, 2021 Banking and financial services firms plan to step up their tech investments in the coming 12 months to improve both front and back-end technology. In fact, nearly three in four financial institutions has made improving the quality of their core technologies a priority, while 65 per cent of financial services players plan to pump more [...]
Weak data security storm brews over BrewDog as it mulls IPO October 11, 2021 More than 200,000 BrewDog shareholders and customers had their details exposed for over 18 months, according to a security consulting and testing services firm. It comes as the beer maker prepares for an initial public offering, which would require it to step up its data security. Details such as names, date of birth, email address, [...]
London’s first charter ‘much needed’ as data is increasingly a corporate asset, says specialist September 22, 2021 Yesterday it was announced that London First will be launching the London Data Charter, which sets out the guiding principles for private and public sector data collaborations. The initiative aims to create commitment from signatories to be a part of London’s data ecosystem, by opening and sharing their data to define the collaboration and data-sharing [...]
Apple pushes back on controversial child protection features after privacy objections September 3, 2021 Apple will delay the release of its controversial new child protection features in order to collect more feedback and make improvements, after a feature that would scan customers’ phones and computers for child sex abuse images sparked widespread criticism for breaching user privacy. Over 90 policy and rights group worldwide, as well as Apple’s own [...]
John Edwards: The ‘Facebook-hating’ Kiwi poised to shake up UK data laws August 26, 2021 The government today confirmed plans to appoint John Edwards, currently New Zealand’s privacy commissioner, as the next head of the UK’s data watchdog. The appointment is part of a planned overhaul of the UK’s data laws that will herald a new era of post-Brexit policy as ministers look to use online information to fuel economic [...]
UK to scrap web cookie requests in post-Brexit data revamp August 26, 2021 The UK will scrap “pointless” web cookie requests as part of a major package of reforms that will replace the EU’s data laws with a new post-Brexit regime. Culture secretary Oliver Dowden today unveiled a string of new measures designed to harness the power of data to drive growth and create jobs. The move will [...]
Data watchdog targets social media with new Children’s Code August 25, 2021 The UK data watchdog is setting its sights on social media and gaming companies with new regulations to protect children that come into force next week. The Children’s Code brings in new rules around protecting data for online services such as apps, online games and web and social media sites likely to be accessed by [...]
Pegasus spyware data leaks spark political rows from Delhi to Mexico July 20, 2021 Politicians, journalists and human rights activists are believed to be targeted by Israeli spyware company NSO Group in the interest of its government clients, media reports on Monday. A list of more than 50,000 phone numbers was allegedly selected for potential surveillance as those of people of interest by government clients of NSO Group since [...]
Hong Kong’s parliament expected to pass controversial ‘anti-doxxing’ law July 19, 2021 A new law proposed by Hong Kong’s government would give the city’s privacy watchdog the power to request malicious sharing of individuals’ information be removed from websites, even if the content is hosted outside Hong Kong. Hong Kong authorities revealed details of the bill on Friday, effectively criminalising doxxing activities – disclosing personal information without [...]
T-Shaped Teams and the Three Stages of AI Adoption June 22, 2021 | City Talk AI and data science will probably bring about the most significant changes to the financial services industry that the industry has witnessed in its short history. Yet, today, many financial institutions are still struggling to find their way to start the AI journey1. We propose a concept called T-shaped teams (See Exhibit 1) as the [...]