News

E-commerce technology

• July 31, 2020 31 Jul'20

  Amazon reports Q2 profit and revenue surge as Covid-19-induced uptick in online sales continues

  Amazon sees profit and revenue surge in the wake of the coronavirus, but growth of its cloud business slows as IT buyers re-prioritise investments because of pandemic

• July 31, 2020 31 Jul'20

  US lawmakers grill big tech chiefs over market power

  Sixth antitrust hearing sees CEOs of major technology companies face combative questioning from members of Congress over their market power and dominance

• July 29, 2020 29 Jul'20

  Campaigners urge government to resist big tech lobbying pressure

  Lobbyists for big tech, supported by senior US politicians, have rallied against stricter regulation of technology companies, and threatened the US-UK trade deal unless Britain scraps plans to levy a digital services tax

• July 29, 2020 29 Jul'20

  Cosmetics firm Avon faces new cyber security incident

  Technical information relating to Avon’s web and mobile sites was inadvertently left exposed on an unsecured Microsoft Azure server

• July 28, 2020 28 Jul'20

  UK government aims fintech industry at Africa

  UK government is building fintech relationships with developing countries, beginning with a pilot programme in Africa

• July 27, 2020 27 Jul'20

  UK fintech investment down by more than 30%

  Less-established fintechs have been hit the hardest by the drop in investment capital, but there is light ahead for those that survive

• July 21, 2020 21 Jul'20

  Why now could be the right time to launch a digital bank

  Launching a bank during a global crisis is fraught with risk, but an established customer base, experience, agility and diversification could help Zopa do just that

• July 16, 2020 16 Jul'20

  Schrems v Facebook: European court strikes down EU-US Privacy Shield agreement

  The European Court of Justice has struck down Privacy Shield, the EU-US data-sharing agreement, creating uncertainty for European countries that share data with the US and pressuring the US to reform surveillance laws

• July 16, 2020 16 Jul'20

  Room for improvement in Dutch digital skills

  The Netherlands has good telecommunications and IT networks that can be used safely and reliably, but there is room for improvement in digital skills among the Dutch

• July 16, 2020 16 Jul'20

  Ocado hired 300 tech workers over past six months

  Online supermarket Ocado has hired a significant number of technology workers over the past six months to cope with coronavirus demand, it announced in its half-year results

• July 15, 2020 15 Jul'20

  Video providers slammed by credential stuffing attacks

  Attacks on the media sector are spiking as cyber criminals try to gain access to valuable consumer accounts

• July 14, 2020 14 Jul'20

  Standard Chartered latest bank to explore quantum computing

  Standard Chartered is working with researchers to establish use cases for quantum computing in the banking sector

• July 08, 2020 08 Jul'20

  Over 15 billion credentials for sale on dark web

  Research by Digital Shadows reveals the scale of the security threat facing consumers as it uncovers 15 billion usernames and passwords stolen in more than 100,000 different data breaches

• July 03, 2020 03 Jul'20

  CIO interview: Nick Burton, chief information and digital officer, Avon International

  The international beauty brand faced a major problem when the UK went into lockdown – how could its door-to-door sales model adapt to a socially distanced world?

• July 01, 2020 01 Jul'20

  FCA estimates about 2.6 million Brits have bought cryptocurrency

  UK financial services regulator says there has been a significant increase in ownership of cryptocurrencies in the UK

• June 30, 2020 30 Jun'20

  BNP Paribas uses biometrics to increase contactless payment limit

  French bank BNP Paribas is enabling customers to make higher value contactless payments through fingerprint-recognition technology

• June 25, 2020 25 Jun'20

  Peer-to-peer lender Zopa gets full banking licence

  Peer-to-peer lending pioneer works towards creating the ‘Netflix of banking’

• June 24, 2020 24 Jun'20

  Amazon’s carbon emissions surge during 2019

  Amazon’s carbon footprint continues to grow, jumping 15% in one year, with the company maintaining it will take some time for its green investments to yield measurable results

• June 23, 2020 23 Jun'20

  Twitter contacts business users over data exposure

  Issue relates to how web browsers cached confidential data entered in Twitter’s ads and analytics services, but is unlikely to have resulted in compromise

• June 19, 2020 19 Jun'20

  Online shopping fraud hits £16m during lockdown

  A quarter of victims were aged between 18 and 26, says Action Fraud

• June 18, 2020 18 Jun'20

  Nordic business is leading open banking charge in Europe

  Nordic region has the right ingredients to prove open banking can benefit consumers, businesses and the economy

• June 15, 2020 15 Jun'20

  Accessories store Claire’s hit by Magecart credit card fraudsters

  Attackers gained access to retailer’s website as long ago as March

• June 12, 2020 12 Jun'20

  Brits get used to life without cash

  British people are getting used to life without cash, as the Covid-19 lockdown forces the adoption of digital payments

• June 10, 2020 10 Jun'20

  Berlin breaks the national mould to become a global hub

  German capital is attracting tech startups from across the world as it cements its position as a leading European hub

• June 09, 2020 09 Jun'20

  Netherlands digital sector yearns for government recognition

  The sector building and supporting the Netherlands’ digital infrastructure wants to be valued as highly as Schiphol airport and the port of Rotterdam are for the Dutch economy

• June 05, 2020 05 Jun'20

  Coronavirus: Digital bank Monzo cuts 120 staff

  Digital challenger Monzo has announced 120 job cuts as it navigates the current economic slowdown

• June 05, 2020 05 Jun'20

  London Tech Week to go ahead through Zoom

  London Tech week will go ahead next week, with the tech industry attending through Zoom

• May 20, 2020 20 May'20

  Coronavirus: Pandemic spurs QR code app upgrade at PayPal

  PayPal introduces QR code payment functionality to its mobile app to support social distancing

• May 20, 2020 20 May'20

  Coronavirus: Bahrain sees fintech take-up surge amid Covid-19 crisis

  Covid-19 has spurred the use of financial technology in Bahrain, which could boost the industry in the country and wider Gulf region

• May 15, 2020 15 May'20

  Coronavirus: Digital bank’s valuation falls as it seeks funds to ride Covid-19 storm

  Monzo is seeking new investment to help it through the coronavirus pandemic

• May 14, 2020 14 May'20

  Coronavirus: Nearly £2bn of UK fintech investment lost so far

  Investment into UK fintechs falls dramatically during Covid-19 pandemic as venture capitalists hold back

• May 14, 2020 14 May'20

  Coronavirus: Asos launches See My Fit to replace model photoshoots

  Online fashion brand’s augmented reality technology enables customers to see how an outfit might look on them

• May 12, 2020 12 May'20

  Opportunity in times of crisis for Nordic tech startups

  Nordic tech startups face some major challenges during the Covid-19 pandemic, but this could be the making of some of them

• May 11, 2020 11 May'20

  Coronavirus: SMEs in the UAE forced to digitally transform

  The UAE, like the rest of the world, continues to be heavily impacted by the fallout of the Covid-19 pandemic, and technology is helping to lead the fight

• May 07, 2020 07 May'20

  Finland’s postal service targets new revenue streams through digitisation

  Posti plans to use the new SisuID digital authentication method to accelerate business growth and opportunities

• May 06, 2020 06 May'20

  Cash use to go below 5% of total spending in Middle East

  Banks expect a rapid reduction of the use of cash in the region

• May 04, 2020 04 May'20

  Nordic real estate sector becoming increasingly digital

  The Nordic real estate and construction industry is modernising through digital technology, with an injection of urgency amid global pandemic

• April 29, 2020 29 Apr'20

  Retail must weigh up high street versus online investments after coronavirus lockdown

  Larger retailers that have a significant online presence will need to decide whether to innovate on the web or on the high street

• April 28, 2020 28 Apr'20

  Covid-19 will decimate fintechs, but those that survive will prosper

  The coronavirus will wipe out some fintechs, but those that get through it will share in the next growth phase of the industry's development

• April 27, 2020 27 Apr'20

  How Vonage is riding the e-commerce wave in Asia

  The surge in online sales across Asia has boosted demand for cloud-based communications services as more e-commerce players look to integrate text messaging, voice and video into customer engagement platforms

• April 22, 2020 22 Apr'20

  Traditional banks need to do more than gloss over back-end systems with fintech paint

  Banks need to work with fintechs if they are to prosper in the new world, but first they must update their back-end systems

• April 20, 2020 20 Apr'20

  NCSC launches coronavirus cyber security campaign

  The National Cyber Security Centre has launched a reporting service for scam emails as part of a campaign to help people protect themselves from cyber criminals exploiting the pandemic

• April 17, 2020 17 Apr'20

  Amazon deletes employees’ calendar invites to Covid-19 event

  Virtual panel organised by Amazon workers after the company fired multiple employees for protesting over work conditions

• April 17, 2020 17 Apr'20

  Coronavirus: How Nominet fights back against malicious domains

  Domain name registry has thwarted hundreds of attempts to register malicious .uk domain names during the coronavirus pandemic

• April 15, 2020 15 Apr'20

  Government urged to delay digital services tax amid coronavirus outbreak

  Delaying liabilities for a year could help technology companies already stretched thin by the outbreak of the Covid-19 coronavirus pandemic, according to TechUK

• April 15, 2020 15 Apr'20

  Coronavirus: Lloyds Bank to give thousands of tablet devices to over-70s

  Banking group is giving away tablets and basic digital training to help vulnerable customers stay connected during the UK’s Covid-19 lockdown

• April 14, 2020 14 Apr'20

  Apple and Netflix most imitated brands in phishing attacks

  A new report highlights the brands which are being most frequently spoofed by cyber criminals in phishing attacks

• April 14, 2020 14 Apr'20

  Inside Alibaba’s NLP labs

  Alibaba is among a growing crop of technology companies that are rising to the challenge of solving the toughest problems in natural language processing

• April 09, 2020 09 Apr'20

  Coronavirus: Amazon warehouse workers strike over concerns about workplace safety and protections

  Online retail giant Amazon has been hit by a wave of strikes as workers protest against ‘unsafe working conditions’ and ‘corporate inaction’ during the pandemic

• April 08, 2020 08 Apr'20

  Coronavirus: McAfee unearths dark web blood bank

  Cyber criminals are selling fake goods and running scams on online marketplaces during the Covid-19 pandemic. Don’t be taken in