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Technology News Roundup 28/07/2017

Technology | Kelvin Ubaka | 28/7/17

 

 

Stay tech savvy with the Eligo Technology news roundup, this week ending 28/07/2017 UK ranks third for global fin-tech VC funding, facial recognition software could signal the end of train tickets, Facebook calls for a more people-centred cyber-security industry and Adobe will finally remove support for flash come 2020.

 

 

 

 

 

 

UK ranks third for global fintech VC funding as firms raise $564mUK ranks third for global fin-tech VC funding as firms raise $564m

The UK has ranked third terms of global FinTech VC investment, with companies attracting $564m during H1 2017. According to Innovative Finance, the amount raised during the first half of this year represents a 37% increase on H1 2016 but is lower than pre-Brexit H1 2015 figures. The US and China topped the ranking for Global VC FinTech investment attracting $3.3bn and $1bn respectively. CFO of Innovative Finance said that “Despite the uncertainties of Brexit, the UK retains its position as a leading FinTech hub and has attracted more investment in H1 2017 than the same period last year.

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(Tech City News) 26/07/2017

 


 

Facial recognition could signal the end of train tickets

Facial recognition could signal the end of train tickets

Technology that identifies faces by recognising the smallest blemish could spell the end of a standard railway ticket barriers and their associated queues. The system uses two near-infrared lights flashing at high speed to help a camera to capture the shape, texture and orientation of a face in detail, down to the wrinkles and texture of the skin, which can then be checked against a database of customers. The technology is being developed by Bristol Robotics Laboratory who have secured funding from the Railway Safety and Standards Board.

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(The Times) 27/07/2017

 


 

Facebook calls for a more people-centre cyber-security industry Facebook calls for a more people-centre cyber-security industry

Alex Stamos Facebook’s security boss scolded the cyber-security industry in his opening keynote of the 2017 Black Hat conference, calling for the industry to worry less about technology and more about people. He said that there was too much focus on technically complex “stunt” hacks and not enough on finding ways to help the mass of people stay safe and that the problem would worsen if the industry did not become more diverse and exhibit more empathy.

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(BBC News) 27/07/2017

   


 

 Adobe will finally kill Flash in 2020 Adobe will finally kill Flash in 2020

Adobe is finally planning to kill off Flash once and for all with Chrome, Microsoft Edge and Safari have all been blocking Flash over the past year, but Adobe is now planning to remove support for it by the end of 2020. An Adobe spokesperson and confirmed, “We will stop updating and distributing the Flash Player at the end of 2020 and encourage content creators to migrate any existing Flash content to these new open formats”.

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(The Verge) 25/07/2017

 


Our weekly Technology news round-up regularly features supplier news, product launches, events, our own articles, and much more. Check back each week to catch up on the industry news affecting the Technology sector collated by our team of Technology consultants.

If you have a news article you would like featured in our industry news or would like to work with Eligo Technology to produce content please do not hesitate to get in touch.

If you want to hear more news about the technology jobs market, contact us at technology@eligo.co.uk or follow us on Twitter at @Eligchlo. You can also check out our page for the latest jobs in development, data, digital marketing, testing, IT support and more.

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