This hasn’t been a good week for challenger bank Revolut . The company, which offers digital banking services and is valued at $1.7 billion, confirmed today that embattled CFO Peter O’Higgins has resigned and left the business. The startup and O’Higgins have been under pressure after a Daily Telegraph report that revealed that Revolt switched […]
View More Revolut CFO resigns following money laundering controversyCategory: Financial Conduct Authority
Equifax slapped with UK’s maximum penalty over 2017 data breach
Credit rating giant Equifax has been issued with the maximum possible penalty by the UK’s data protection agency for last year’s massive data breach. Albeit, the fine is only £500,000 because the loss of customer data occurred when the UK’s prior privacy regime was in force — rather than the tough new data protection law, […]
View More Equifax slapped with UK’s maximum penalty over 2017 data breachWonga investors inject £10M so cash-strapped payday lender can fund claims
If you were at Disrupt London four years ago you may remember more than a little awkwardness during an investor panel when two VCs that had invested in European payday loans firm Wonga declined to comment on what had gone wrong at their portfolio company in the wake of a £220M write down. Yesterday Sky News reported that those same […]
View More Wonga investors inject £10M so cash-strapped payday lender can fund claimsFake news inquiry calls for social media levy to defend democracy
A UK parliamentary committee which has been running a multi-month investigation into the impact of online disinformation on political campaigning — and on democracy itself — has published a preliminary report highlighting what it describes as “significant concerns” over the risks to “shared values and the integrity of our democratic institutions”. It’s calling for “urgent […]
View More Fake news inquiry calls for social media levy to defend democracy