A library of snippets
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An aspiring Tory MP posed as the ‘youngest hereditary lord’ to slip into Parliament using a counterfeit security pass he bought online for £10.
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But he was reported to security by a political assistant who recognised him from previous Conservative Party events.
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Peer-to-peer business lending retained the top spot, with £2 billion in transaction volume in 2017 and 65% year-on-year growth, estimated to be equivalent of 29.2% of all new bank loans to small businesses in 2017. That’s nearly double the 15.3% figure in 2016.
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“If you are going to move to a more open data-connected world, which we clearly are – open banking being the start, but we’re going to see it across, and technology’s going to create that – you have to solve the problem of digital identity,”
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First, data and intellectual-property regimes should be used to fuel innovation, not protect incumbents. That means liberating individual users of tech services to take their information elsewhere. It also entails requiring big platforms to license anonymised bulk data to rivals. Patents should be rarer, shorter and easier to challenge in court.
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The term “money laundering” was never more appropriate than this week, when Dutch police found around $400,000 stuffed inside the drum of a washing machine.
From Man suspected of money laundering after $400,000 found in washing machine – CNN.
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IndusInbank has launched an interactive credit card with push button controls for customers to choose their preferred mode of payment at the checkout.
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Neos Ventures uses smart technology that enables its customers to use connected devices to monitor and protect their homes. The company combines connected home devices like cameras and sensor technology with home insurance.
From Aviva to buy majority stake in smart technology insurance provider Neos.
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China’s plan to judge each of its 1.3 billion people based on their social behavior is moving a step closer to reality, with Beijing set to adopt a lifelong points program by 2021 that assigns personalized ratings for each resident.
The capital city will pool data from several departments to reward and punish some 22 million citizens based on their actions and reputations by the end of 2020, according to a plan posted on the Beijing municipal government’s website on Monday. Those with better so-called social credit will get “green channel” benefits while those who violate laws will find life more difficult.
From Beijing to Judge Every Resident Based on Behavior by End of 2020 – Bloomberg.
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Let’s begin by recapitulating the elements of the problem space. If I show up at the local practice in response to their dentist wanted ad on indeed.com there are three domains to consider. In the authorisation domain, I must present the appropriate qualification and the practice must be able to validate it. Of course, I must be able to demonstrate in the authentication domain that the qualification belongs to me. And although it is not at all necessary for the regular functioning of the practice, the identification domain must provide my “real” identity because of the rules of the medical world.
Let’s walk through these steps.
First, presenting the qualification.
Second, authenticating the qualification.
Third, linking the qualification to identity.
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And this was exposed when the Supreme Court of India announced their recent verdict last week in which they struck down Section 57 of the Aadhaar Act, meaning that the private companies and individuals could not avail Aadhaar data to provide consumer services… The verdict has sent waves in the Indian FinTech community, as many of the FinTech players who positioned their offerings around instant KYC, now need to go back to their drawing boards to chalk out a strategy of conducting onboarding without Aadhaar
From The Aadhaar Verdict – Learnings and Takeaways for Indian FinTechs.
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