News

E-commerce technology

• September 01, 2021 01 Sep'21

  Tech sector spends nearly €100m a year lobbying the EU

  Study on technology firms’ lobbying efforts in the European Union shows the sector spends more than any other in trying to influence policies and legislation

• August 19, 2021 19 Aug'21

  Challenger banks make reputational gains in business banking

  The business banking sector is a big target for digital challengers and some are already building good reputations in the market

• August 17, 2021 17 Aug'21

  What will be the bank branch balance in the digital age?

  Will the traditional banks be permanently disadvantaged by the need to retain bank branches or could they turn it to their advantage?

• August 11, 2021 11 Aug'21

  Global fintech investments reach new heights

  The global financial technology industry is emerging from the pandemic-triggered slowdown with record levels of investment to fuel further growth

• August 10, 2021 10 Aug'21

  Banks could be blocked from closing branches through FCA legislation

  UK financial services regulator the Financial Conduct Authority considers legislation that could block some bank branch closures to ensure citizens have easy access to cash

• August 05, 2021 05 Aug'21

  Around 75% of minority tech employees don’t feel a sense of belonging at work

  Research by Capgemini found just over three-quarters of global tech employees who are women or ethnic minorities don’t feel a sense of belonging at work

• August 04, 2021 04 Aug'21

  M&S launches initiative to hire software engineers

  Supermarket and department store M&S has launched an initiative designed to help it find software engineering talent

• July 27, 2021 27 Jul'21

  Gaming could reduce the gamble for users of online finance

  Financial gaming platform designed to educate the increasing number of amateur traders

• July 20, 2021 20 Jul'21

  Nordic banks join forces to compete with fintechs

  Collaboration will be key for traditional Nordic banks to retain business amid intense competition from tech companies

• July 15, 2021 15 Jul'21

  Fintech sector continues to attract investment as Revolut hits $33bn valuation

  Revolut has become the most valuable financial technology firm in the UK after its latest round of investment, with plans for a ‘superapp’

• July 13, 2021 13 Jul'21

  UK fintech investments recovering from lost year

  Fintech investments have bounced back in the first half of this year after a Covid-19-hit 2020

• July 06, 2021 06 Jul'21

  Ocado sees 19.8% increase in retail business revenue

  Online retailer’s half-year results show a significant increase in revenue for its retail business, with numbers reaching £1.2bn

• July 06, 2021 06 Jul'21

  Bank of England searches for new CIO amid once-in-a-generation project

  The Bank of England is recruiting a head of IT during a period of major change in its core IT system

• July 06, 2021 06 Jul'21

  Nordic fintech could lead the world

  Will the Nordics become the fintech and open banking innovation capital of the world?

• July 01, 2021 01 Jul'21

  Nordic mobile wallets to merge onto single tech platform

  Plans underway to merge the mobile wallets of various Nordic banks into a single public cloud-based technology platform

• June 29, 2021 29 Jun'21

  Bank branches will be a thing of the past in five years, say bankers

  Traditional bank branches are likely to disappear from the high street in the next five years, but banking ecosystems will ensure customer service levels are high, say bankers

• June 28, 2021 28 Jun'21

  Zopa Bank to make profit in its first year

  Bank set up by peer-to-peer lending fintech firm expected to make a profit in its first year

• June 25, 2021 25 Jun'21

  CMA to probe Amazon and Google over fake reviews

  The CMA has opened an investigation into Amazon and Google over possible breaches of consumer protection law

• June 25, 2021 25 Jun'21

  Brighton tourists charged thousands of pounds for fairground ride after Worldpay glitch

  Tourists at a Brighton attraction were overcharged by thousands of pounds due to a glitch at payment processor Worldpay

• June 24, 2021 24 Jun'21

  Visa to acquire Swedish open banking fintech for €1.8bn

  Payments giant Visa agrees to pay €1.8bn to acquire Tink, a specialist open banking fintech

• June 24, 2021 24 Jun'21

  Google hands third-party cookies a stay of execution

  Google’s proposed Privacy Sandbox initiative – which will see third-party cookies phased out in the Chrome web browser – has been pushed back to 2023

• June 24, 2021 24 Jun'21

  Lloyds Bank to close 44 more branches

  Banking group has announced the closure of a further 44 branches as customers increasingly use other channels for banking

• June 18, 2021 18 Jun'21

  Digital banks could dominate once baby boomers pass on their wealth

  Traditional banks face challenges in the coming years due to an increasing number of millennials only using digital banks

• June 11, 2021 11 Jun'21

  CMA secures commitments from Google on future of cookies

  The Competition and Markets Authority is opening a consultation on commitments offered to it by Google to ensure its Privacy Sandbox proposals do not harm digital advertising markets

• June 09, 2021 09 Jun'21

  RSA spins out fraud and risk unit as Outseer

  RSA Security is transitioning its fraud and risk intelligence work into a new business to be called Outseer

• June 09, 2021 09 Jun'21

  BBVA to cut 3,000 jobs in Spain as digital technology transforms industry

  Spanish bank is the latest to announce swingeing branch and job cuts amid increased digital competition

• June 09, 2021 09 Jun'21

  Klarna takes on UK credit card providers with feature that breaks up online payments

  Fintech unicorn introduces feature to its app in the UK which will challenge traditional credit card providers

• June 04, 2021 04 Jun'21

  Amazon launches apprenticeship fund for small businesses

  The £2.5m Amazon Apprenticeship Fund will be aimed at helping small businesses use the government’s levy transfer scheme to access talent

• May 27, 2021 27 May'21

  MP-backed push to stop tech giants claiming super-deduction tax relief thwarted

  Move to prevent the likes of Amazon using the government's new super-deduction policy to minimise their UK tax liabilities even further fails to win support in the House of Commons

• May 25, 2021 25 May'21

  Trust is key to keeping the digital customer happy

  Consumers were forced into using digital channels during the coronavirus lockdowns, but some digital users now plan to return to the physical world

• May 25, 2021 25 May'21

  Stockholm’s startup scene seeks more diversity

  Swedish capital has created a world-leading tech startup environment, but it still lacks the diversity of people needed to move it to the next level

• May 20, 2021 20 May'21

  Pandemic tech use heightens consumer privacy fears

  Report on consumer attitudes to privacy finds evidence of a “heightened sense of fear” as digital footprints expand inexorably

• May 12, 2021 12 May'21

  UK government publishes Online Safety Bill draft

  Bill builds on previous commitments by the government, which has added new measures to uphold democracy and freedom of speech while making tech giants more accountable

• May 12, 2021 12 May'21

  The Security Interviews: Why helpful bots could hurt vaccine roll-outs

  Earlier this year, spikes in traffic to websites containing information about Covid-19 vaccines were attributed by Imperva to automated bots scraping data. Why is that a problem?

• May 12, 2021 12 May'21

  Running a bees and spirits business on low-code

  We look at how a small honey and gin producer has adapted and grown its business without requiring external software development expertise

• May 06, 2021 06 May'21

  Government urged to add scam protections to Online Safety Bill

  Group of organisations calls for the government to use the Online Safety Bill to protect people from cyber scams

• May 06, 2021 06 May'21

  Scammers accidentally reveal fake Amazon review data

  More than 13 million records relating to an organised fake review scam have been found on an unsecured ElasticSearch database, implicating hundreds of thousands of people in unethical behaviour

• April 27, 2021 27 Apr'21

  UK supermarkets to trial age estimation tech for alcohol purchases

  Biometric age estimation technology developed by Yoti to be tested in UK supermarkets for alcohol purchases as part of government-led digital identities initiative

• April 13, 2021 13 Apr'21

  Covid-19 left people feeling vulnerable to cyber crime

  Around 15 million people in the UK experienced cybercrime in the past 12 months, with a cumulative 64 million hours wasted dealing with the fallout

• April 12, 2021 12 Apr'21

  Another 27 Danish banks get access to open banking APIs

  Nordic banks gain access to open banking capabilities from Nordic API Gateway, with an agreement through their shared IT service provider

• April 09, 2021 09 Apr'21

  NCSC: Using your pet’s name as a password is very stupid

  If your email password is still Rex, Rover or Mr Fluffles, it’s probably best to change it, the NCSC has said

• April 07, 2021 07 Apr'21

  Digital Markets Unit starts work on codes of conduct for tech giants

  Digital markets regulator officially launched to ensure tech giants such as Facebook and Google cannot exploit their market dominance to crowd out competition and stifle innovation online

• March 30, 2021 30 Mar'21

  Asda bags ex-Marks and Spencer CIO

  Carl Dawson, who has been CIO at department store M&S for six years, is leaving the retailer to become CIO at Asda

• March 29, 2021 29 Mar'21

  Big Tech eclipses telecoms and arms giants as biggest lobbying spenders

  Facebook and Amazon are spending more on lobbying and campaign contributions than any other companies in the US, including those in the arms and telecommunications sectors that have traditionally been the highest political spenders

• March 29, 2021 29 Mar'21

  How far has open banking come in Europe?

  Open banking is a relatively new concept, having come into effect in Europe only in the last couple of years. So what is the state of play?

• March 11, 2021 11 Mar'21

  UK digital regulators set out plans to strengthen cooperation

  Digital Regulation Cooperation Forum outlines plans for the coming year, marking a shift towards a more collaborative regulatory approach

• March 09, 2021 09 Mar'21

  UK's Starling Bank reaches unicorn status

  UK app-based bank Starling reaches unicorn status following its latest round of funding

• March 04, 2021 04 Mar'21

  Bank of Ireland to reduce branch network by almost half

  Bank of Ireland is latest bank to pin its future on digital channels as customers change their banking habits

• March 04, 2021 04 Mar'21

  UK contactless payment limit more than doubled

  UK increases the amount that can be spent in one go using a contactless payments card to £100

• March 03, 2021 03 Mar'21

  Pandemic brings good online sales growth for smaller retailers

  IMRG data shows smaller retailers did ‘astronomically well’ in online sales growth after Covid-19 took hold last year