View from the industry
Key quotes from the world of technology, from articles and insights on Verdict.co.uk
“I was surprised to hear an executive and a forward thinker, such as Tom, just put the work of many in the trash bin so quickly without a deeper analysis that I think he is very capable of doing.”
Francesco Simoneschi, CEO of fintech dev platform TrueLayer accuses Monzo founder Tom Blomfield of trashing open banking.
“People are your biggest asset. You should treat them like your firewall. If you don’t train people to do the right thing, then that’s where a lot of breaches happen.”
Chani Simms, MD of Meta Defence Labs and founder of SHe CISO Exec on why the human factor remains a high priority for CISOs when it comes to cybersecurity.
“The cash grab of 99% of these just being like, ‘Hey, I’ve got an NFT, give me money’ will not be enduring. And at some point, there will be some correction. That bubble will pop.”
Alexis Ohanian, co-founder of Reddit on why the NFT bubble will have to burst before becoming a viable currency for creatives.
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“This is why we went out and got our licence two years ago with the FCA because, for me, it has to be about the customer. This is, again, where you see misalignment. The customer for these other providers is the retailer. It’s not the end consumer. And so perhaps they forgot for a brief moment about the needs of the customer and the FCA is reminding them of it.”
Philip Belamant, CEO and founder of buy-now-pay-later startup Zilch on new rules by the Financial Conduct Authority forcing instalment providers to carry out affordability checks on customers.
“There is a common opinion from everyone, including AI technology providers and companies consuming these services, that self-regulation is not sufficient and some clear rules and boundary conditions will actually make it easier for companies to invest in responsible and trustworthy AI.”
Peter van der Putten, assistant professor of AI at Leiden University and director of decisioning at Pegasystems on how EU draft legislation for a ban on AI mass surveillance shows that lawmakers have grown tired of companies regulating themselves.
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