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Wednesday newspaper round-up: Shoplifting, EnQuest, Klarna

The government is investing more than £55m in expanding facial recognition systems – including vans that will scan crowded high streets – as part of a renewed crackdown on shoplifting. The scheme was announced alongside plans for tougher punishments for serial or abusive shoplifters in England and Wales, including being forced to wear a tag to ensure they do not revisit the scene of their crime, under a new standalone criminal offence of assaulting a retail worker. – Guardian

United-kingdom , North-sea , Oceans-general- , Oceans , Yann-lecun , Elon-musk , Financial-conduct-authority , Wednesday , Newspaper , Round-up- , Shoplifting ,

With Funding Down 70%, Here's What Fintech's High Flyers Are Worth Now

The estimated value of 11 leading private fintech startups shows declines as high as 79%. But a few have started to recover.

Vancouver , British-columbia , Canada , San-francisco-bay , California , United-states , London , City-of , United-kingdom , Alger , Algeria , Hong-kong

Sweden's Klarna fined $733,000 over insufficient GDPR information

COPENHAGEN (Reuters) -Swedish payments group Klarna must pay a fine of 7.5 million crowns ($733,324) for violating the EU's General Data Protection Regulation (GDPR) by not providing sufficient information to its users, a Swedish court of appeal ruled on Monday. Klarna had failed to give clients sufficient information about how it would store their personal data, the court said in a statement, adding that the information was unclear or difficult to access. The case concerned privacy notes used b

Sweden , Copenhagen , Køavn- , Denmark , Swedish , Louise-breusch-rasmussen , Terje-solsvik , Kirsten-donovan , European-union , Swedish-data-protection-agency , Sweden-administrative-court , Data-protection-regulation

This £5.5B Start-Up Laid Off 700 Employees 2 Years Ago, Says AI Does All Of Their Work

Klarna claims its AI assistant handles diverse inquiries in 35 languages, typically within 2 minutes.

Gergely-orosz , Sebastian-siemiatkowski , Bloomberg , Fast-company , Artificial-intelligence-laboratory , International-monetary-fund , Pragmatic-engineer-gergely-orosz , Elon-musk-owned , Artificial-intelligence , Klarna , Klarna-ai-chatbot

R|T: The Retail Times – Temu and Shein's success = air freighters' stress

Plus: Shopify’s green strategy gamble, DeliveryHero abandons Foodpanda sale talks.

United-states , Toronto , Ontario , Canada , Germany , Red-sea , Djibouti-general- , Djibouti , Malaysia , Guangzhou , Guangdong , China

Wednesday newspaper round-up: HMRC, Chinese EVs, Klarna

Customer service levels at HM Revenue and Customs have sunk to an “all-time low”, parliament’s spending watchdog has said. Users regularly encounter long call-waiting times as the tax department apparently struggles to cope with demand, a report by the cross-party public accounts committee (PAC) has found. As demands on HMRC grow, the authority has not been given the resources needed to staff its phone lines, the report said. – Guardian

United-kingdom , China , Southwark , Beijing , London , City-of , Sweden , Chinese , Britain , Swedish , Department-for-business

Klarna CEO Boasts His AI Can Do Work of 700 People After Laying Off 700 People in 2022

The company said its new AI customer service assistant was "in no way connected" to the layoffs.

Filippa-bolz , Sebastian-siemiatkowski , Fast-company , Klarna , Penai , Rtificial-intelligence , Ebastian-siemiatkowski , Ybernetics , Omputational-neuroscience , Hatbot , Ilippa-bolz , Izmodo

Apple Pay Later to report data to Experian, a 'positive first step' for consumers

Users of Apple’s buy-now-pay-later platform will soon have their payment history reported to one of the major credit bureaus, but it won’t affect their...

Jennifer-chien , Jennifer-bailey , Experian , Stanford-graduate-school-of-business , Pay-later , Apple-pay-later , Stanford-graduate-school , Apple-pay , Apple-wallet , Article-normal , Apple

Klarna in talks with banks for IPO at $20 billion value

Buy now pay later firm eyeing US for its listing

Stockholm , Sweden , United-kingdom , Swedish , Sebastian-siemiatkowski , Michael-moritz , Bloomberg , Sequoia-capital , Klarna ,

F|T: The FinTech Times – BC court upholds ban on crypto mining, Sequoia backpedals Klarna ousting

Plus: Capital One’s blockbuster acquisition to protect itself from FinTech.

Toronto , Ontario , Canada , United-kingdom , California , United-states , Calgary , Alberta , British , Matthew-miller , Sebastian-siemiatkowski , George-bordianu