Volvo and Uber in driverless car partnership
Volvo Cars has signed an agreement with Uber, the ride sharing company, to sell tens of thousands of autonomous driving compatible base vehicles between 2019 and 2021. The base vehicles are developed on Volvo Cars’ fully modular, in-house developed Scalable Product Architecture (SPA). The non-exclusive agreement enhances the strategic partnership between Volvo Cars and Uber announced in August 2016. Volvo Cars’ engineers have worked together with engineers from Uber to develop the XC90 premium SUVs that are to be supplied to Uber.
Estée Lauder launches Google beauty apps
Beauty retailer Estée Lauder has announced a collaboration with Google to offer consumers in-home personalised beauty experiences for the Google Assistant on Google Home. The first initiative is the ’Estée Lauder Nighttime Expert‘ app, which will give consumers personalised night-time skincare routines through a series of questions and answers. The personalised recommendation will be enhanced by asking users if they would like to learn skincare application techniques.
SEPA real-time payments scheme goes live
The SEPA Instant Credit Transfer (SCT Inst) scheme has officially launched, going live with nearly 600 payment service providers (PSPs) from eight European countries. The scheme, created by the European Payments Council, brings real-time electronic money transfers to the continent, allowing payments of up to €15,000 to be made in less than 10 seconds any time and on any day of the year, including weekends and holidays.
Wales launches IoT startup incubator programme
A new Internet of Things (IoT) startup accelerator programme has been launched in Wales to provide promising businesses with the financial investment, knowledge and network needed to accelerate growth. The Internet of Things Accelerator Wales (IoTA Wales) is actively seeking promising innovators outside Wales to sign up to the accelerator – a collaborative initiative that has been jointly created and designed by The Accelerator Network, Innovation Point, Barclays Eagle Labs, Inspire Wales and the Development Bank of Wales.
UK ‘set for record online fraud this Christmas’
This Christmas looks set to be the UK’s most fraudulent ever for online shoppers, according to new data from Barclays. With fraud and scams becoming increasingly sophisticated, and with record numbers getting ready to do their Christmas shopping online, Barclays is warning of a perfect storm for seasonal online theft.
Deliveroo tops Deloitte’s Tech Fast 50 list
Deliveroo has been awarded top spot at Deloitte’s annual ranking of the UK’s fastest growing technology companies. The London-based online food courier service was announced as the leading firm in the 2017 UK Technology Fast 50 list, after reporting a record four-year revenue growth of 107,117 per cent. The awards, now in their twentieth year, recognise and rank the 50 fastest-growing technology companies in the UK, based on the last four years of revenue growth. The average four-year growth rate recorded for the Deloitte UK Technology Fast 50 companies is 3,756 per cent 2016/17.
OakNorth upgrades cyber defence systems
OakNorth has selected a new cyber security solution from Illusive Networks to defend its systems from targeted attacks and Advanced Persistent Threats (APTs). The new Deception Cybersecurity system detects and analyses attacks in real-time with no false positives, minimising manpower required to monitor alerts. The ability to mitigate attacks at the earliest opportunity accompanied by detailed forensic evidence at the time of the alert was also a priority for OakNorth.
Blockchain ‘could replace banks and clearing houses’
Blockchains that transact with one another could replace central authorities such as banks, clearing houses and lawyers in the future, a new report has predicted. According to an Institute of Chartered Accountants in England and Wales (ICAEW) study, with the ability to directly interactthe technology could save firms the cost and effort of doing business with a ledger owner, and increase transparency and security against financial crime.