UK FinTech

Global fintech startups raise $138bn in 2019, ‘just shy’ of record

Siraj Sarwar

Investment for global fintech startups in 2019 was “just shy” of record levels 12 months before, despite trade tensions between China and the US and ongoing Brexit negotiations. Worldwide investors poured a total of $135.7bn into the sector across 2,693 deals last year, which “fell just shy of 2018’s record” of $141bn, according to the…

PayPal

PayPal (PYPL) under Investigation for Money Laundering In Australia

Viraj Shah

Trouble is brewing for US based payment company PayPal (PYPL) as financial intelligence agency of Australia is auditing it for checking compliance with local AML and terrorist financing laws. AUSTRAC audits PayPal Australian Transaction Reports and Analysis Center (AUSTRAC) will be leading an audit into PayPal Holdings to check if the company complied with the…

Apple Suspends Global Program for Siri Response Grading Owing to Privacy Issues

Apple Suspends Global Program for Siri Response Grading Owing to Privacy Issues

Viraj Shah

Tech giant Apple announced on Friday that it had suspended its Siri response grading program because of privacy issues surrounding the matter. The global program analyzed voice recordings from users interacting with Siri. Privacy row over the program Last week, the Guardian reported that the company’s contractors who regularly reviews recordings of its customers were…