Saturday, November 26News That Matters
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Tag: &#039revolution&#039

Sir Tim Berners-Lee wants 'revolution' against data misuse

Sir Tim Berners-Lee wants 'revolution' against data misuse

Technology
Officially, Sir Tim Berners-Lee doesn't have a favourite website. When you're the creator of the World Wide Web, he says, "You can't." "'What's your favourite website?' was the first question everybody asked," he says. "Sorry, I don't have one."But, even if he's too honourable to show even a hint of favouritism, Sir Tim does occasionally have preferences.One app he especially liked was an activity tracker called Moves, which he used to see what he'd been doing in his journeys round from his home in Massachusetts, where he is a professor of computer science.Then, in 2014, Moves was bought by Facebook - meaning Sir Tim's data now potentially belonged to the world's biggest social network.And then, earlier this year, Facebook shut down Moves. There was no appeal. Facebook simp...
Open Banking 'revolution' to challenge banks' dominance

Open Banking 'revolution' to challenge banks' dominance

Business
A fundamental change to the way people can bank, manage and spend their money in the digital world is under way.A change in the law and the start of the Open Banking system means people can allow businesses, other than their bank, to access their financial data.Organisers say this has the potential for consumers to get better deals, such as cheaper overdrafts, and to speed up the switching process.But warnings over fraud risks have already been issued.As part of the same legislation, surcharges for payments made by credit card, debit card, or other payment systems such as PayPal will be banned.How it worksTraditionally, banks have held all our information about our past transactions and spending habits.A change in UK law now means that banks and building societies must allow regulated busi...