Revolut finance chief quits amid controversies BelfastTelegraph.co.uk Revolut has lost its finance chief in the latest blow to the digital challenger bank as it grapples with a string of controversies. https://www.belfasttelegraph.co.uk/business/uk-world/revolut-finance-chief-quits-amid-controversies-37868428.html https://www.belfasttelegraph.co.uk/business/uk-world/article37868426.ece/79e98/AUTOCROP/h342/bpanews_ef4a7b50-08e6-4841-99a6-a41ea0cce772_1 Email Revolut has lost its finance chief in the latest blow to the digital challenger bank as it grapples with a string of controversies. Weekly Business Digest Newsletter Peter O’Higgins left the company at the beginning of the year, the company confirmed on Friday, ending a near three-year stint as chief financial officer. It comes as Revolut faces accusations it broke banking rules after the lender switched off an automatic system that stops suspicious money transactions on its platform for three months last year. … [Read more...] about Revolut finance chief quits amid controversies
Retailers boss revolution
caption Shawn Layden is chairman of Sony Interactive Entertainment Worldwide Studios, which oversees the global development teams that make exclusive games for the PlayStation 4. source Karen Auby/PlayStation The Sony PlayStation 4 has been a monumental success over the last five years, selling more than 91 million consoles. The biggest driver of the PlayStation 4’s boom has been the steady cadence of exclusive games, many of which have been released to positive reviews and massive sales. Shawn Layden is the chairman of Sony Interactive Entertainment (SIE) Worldwide Studios, which oversees the 13 global studios that produce exclusive PlayStation 4 games, including Naughty Dog (“Uncharted,” “The Last of Us”), Guerrilla Games (“Horizon Zero Dawn”), and Santa Monica Studio (“God of War”). In an interview with Business Insider, Layden shared the secret sauce behind the PlayStation 4, and how he and his team … [Read more...] about ‘First, best, and must’: PlayStation boss Shawn Layden shares the secret recipe behind Sony’s global gaming empire
Mukesh Ambani, Asia’s richest man, is set to take on Amazon's Jeff Bezos in India as the billionaire magnate launches his own rival e-commerce venture in the world's second most populous country. Reliance Industries, the Mumbai-headquartered conglomerate owned by Mr Ambani, is drawing up plans to roll out its online shopping services to 1.2m retail businesses in western India as competition to grab a share of India’s fast-developing e-commerce industry intensifies. Mr Ambani, who controls a $43 billion fortune in petrochemicals, energy, telecoms and textiles, is planning a push into the e-commerce space by adopting new technologies such as augmented reality to create an “immersive shopping experience” and compete with the likes of Amazon and homegrown competitor Flipkart. The e-commerce plans from the businessman will involve the combination of his mobile network operator Jio, which has 280m subscribers, with his … [Read more...] about Asia’s richest man to take on Amazon boss Jeff Bezos in India’s booming e-commerce sector
Trailblazing tech companies from Ericsson to Spotify and Skype have already rocketed out of this ice-covered country to become global powerhouses that have helped redefine the very way we listen to music and communicate with each other. According to Creandum, one of the most-active venture capitalists in the region, Nordic tech exits have generated EUR2.6bn (USD3.3bn) on average per year over the past five years. And more than half of it's coming from Sweden, a country with less than 10 million people. Here, we take a look at 10 of the most significant recently-funded tech companies to emerge from this Nordic hotbed of entrepreneurs and ask them what it is about this region that's producing such clear-sighted and successful tech businesses. 1. Tictail Tictail describes itself as 'an e-commerce platform for people that don't like e-commerce' - or, perhaps, people who don't understand e-commerce. The company now has 60,000 indie retailers and boutiques using its service, but … [Read more...] about Ten Swedish start-ups investors couldn’t resist
Robots and drones could be Germany’s answer to home deliveries in the future, as retailers and delivery services such as Hermes are currently testing out new delivery options. One such innovation is the delivery robot, developed by Estonian-British company Starship and soon to be used by electronics chain Media Markt in the district of Grafenberg in Düsseldorf. From September, Media Markt will using the robots to deliver packages right up to the door of customers within a five-kilometre radius. On its six wheels, the robot traverses the pavements carrying packages of up to 15 kilograms. Because its maximum speed is only five kilometres per hour, the braking distance of the robot is only thirty centimetres. But although the robot has nine cameras which show it the way to go and prevent it crashing into lampposts and passers-by, it is not completely independent: A supervisor is on hand to intervene if their are any issues. Retail giant Metro, which owns Media Markt, hopes … [Read more...] about Robots and drones: deliverymen of the future?