UK fintechs aren’t eating the banks’ lunch just yet | FT Alphaville

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“Mobile data analytics company Ogury carried out a study of just over 1.5m mobile users in the UK between April 9 and July 1 this year, and it found the top ten most-used ‘banking’ apps, which include the fintech hopefuls, were all traditional high-street banks.”

From “UK fintechs aren’t eating the banks’ lunch just yet | FT Alphaville”.

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Ticket reselling ban is good news but will it stamp out touts?

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“The proposals aim to ban tickets sold at more than face value will apply to ‘designated venues’ which hold 1,000 or more people and will ban the use of ‘bots’ by resellers to purchase tickets on primary ticketing websites such as Ticketmaster.”

From “Ticket reselling ban is good news but will it stamp out touts?”.

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Business Secretary unveils reforms to give consumers a better deal – GOV.UK

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launching a review into how to make data portability work best for all consumers in regulated markets as part of a ‘Smart Data’ review, building on the approach pioneered by Open Banking

From Business Secretary unveils reforms to give consumers a better deal – GOV.UK.

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Snapchat will shut down Snapcash, forfeiting to Venmo | TechCrunch

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“Snapcash ended up as a way to pay adult performers for private content over Snapchat, not just a way to split bills with friends. But Snapchat will abandon the peer-to-peer payment space on August 30th.”

From “Snapchat will shut down Snapcash, forfeiting to Venmo | TechCrunch”.

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Crooks use mobile games to launder money from stolen credit cards

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Kromtech researchers found that the crooks were creating fake Apple ID accounts and then using the stolen cards to buy virtual goods on three games – Clash of Clans, Clash Royale, and Marvel Contest of Champions. They then sold what they’d bought on third party sites.

From Crooks use mobile games to launder money from stolen credit cards.

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Cryptocurrency Transactions May Uncover Sales of Shadow Broker Hacking Tools – Motherboard

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A team of University College London (UCL) researchers recently found likely evidence of payments for those alleged exploits by examining transactions in Zcash, a privacy-focused cryptocurrency that the Shadow Brokers asked potential customers to use, and traced the movement of some of the coins to a specific cryptocurrency exchange.

From Cryptocurrency Transactions May Uncover Sales of Shadow Broker Hacking Tools – Motherboard.

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