Financial technology, also known as Fintech, is one of the hottest areas of investment at the moment and Britain is at the forefront. Startups are beating the banks by offering cheaper, quicker, online services. Today the Royal United services institute (RUSI) holds an event debating the following "Defining Fintech: actors, challenges, opportunities and financial crime". Dr Inês Sofia de Oliveira, Research Fellow, Centre for Financial Crime & Security Studies, Royal United Services Institute (RUSI) joined Share Radio ahead of the event.
This week financial journalists Vix Layton and Lindsay Cook take on the banks charging more on overdrafts than pay day loan companies as well as looking at the use of friend referral offers. Plus why white goods are getting the sucker punch awards this week.
Sarah Pennells is joined in the studio by Kevin Pratt, web editor at MoneySuperMarket.com. Today they discuss the average fall in pay for self-employed workers as well as the growing cost of online fraud. Plus why fashion sales have suffered their worst decline in seven years. All these stories and more on The News Review.
It seems the Square Mile is being hit by more so-called ransomware attacks than anywhere else in the UK. Ransomware is the digital equivalent of highway robbery. Precious company data is stolen or encrypted, and will not be returned in a readable form unless a ransom is paid. Data from specialists, Malwarebytes, found the City suffered 670% more such attacks than the next nearest area - Manchester. Chris Boyd, Malwarebytes’ intelligence analyst, told Share Radio’s Nigel Cassidy that ransomware attacks are nothing less than a modern day protection racket.
With six months to go to the French presidential election, an increasingly acrimonious campaign has become divided over the topic of Brexit. While the mainstream candidates bicker over how kindly the EU should treat the UK in the negotiations, the Front National leader Marine Le Pen continues to rise in the polls. Share Radio's Robert Van Egghen reports.
Consumer confidence has grown in parts of the UK, hitting five year highs post-Brexit. But the figures aren't clear cut as consumer sentiment is being weighed on by the mostly "remain voting" London staying pessimistic. Has Brexit negatively affected some areas of the country economically whilst favouring others? Share Radio's Matt Cox has been speaking to Julian Jessop, Chief Global Economist at Capital Economics.
New data indicates the UK's fashion sector has suffered its sharpest decline this year since the financial crisis. The report from research group Kantar Worldpanel shows sales in the market encompassing clothing, footwear and accessories has fallen for four consecutive months. So why the steep decline, and will the situation improve as we move into the Christmas period? Matt Cox has been speaking to Glen Tooke, Consumer Insight Director at Kantar Worldpanel, to find out.