News from the IoT World

The recent decision by Apple to grant third-party developers access to its NFC chip, along with Vipps MobilePay’s historic launch in Norway, has reignited discussions about the potential for banks to launch their own digital wallets. Can banks succeed with their own digital wallets? While the opportunity seems promising, industry experts remain sceptical about the […]

The Digital Operational Resilience Act (DORA) is set to reshape the EU financial services landscape, introducing comprehensive security requirements to bolster the sector’s cyber resilience. Are you ready for DORA? Effective from 17 January 2025, DORA’s sweeping regulations will impact not only EU-based financial entities but also any global firms conducting business with them. As

European instant payments are about to speed up. The new SEPA (Single European Payments Area) Credit Transfer mandate (SCT Inst) has taken root and deadlines for implementation are as soon as January 2025 for some. Europe’s instant payments The proposal, ushered in by the European Commission, requires all PSPs (including banks) that offer regular credit

The European Union (EU) has long championed digital payments as a safer, faster and more cost-effective alternative for consumers and businesses. While the value of retail digital payments in the EU surged to over €1 trillion in 2023 – doubling since 2017 – a new report from the European Court of Auditors (ECA) highlights gaps

Embedded finance is rapidly transforming the financial services and e-commerce sectors. Once a niche concept, it has now become a cornerstone for businesses looking to enhance customer experiences, increase revenue and improve loyalty. The evolution and promise of embedded finance One such company is Alviere, a platform that enables enterprises to seamlessly integrate financial services

The Financial Data Exchange (FDX) has achieved a significant milestone with its official recognition by the Consumer Financial Protection Bureau (CFPB) as a standard-setting body for the US Open Banking ecosystem. Standard setting body for US Open Banking This recognition comes as the CFPB rolls out its new Open Banking regulation, underscoring FDX’s critical role

The European Union’s Instant Payments Regulation (IPR), which came into force in April 2024, marks a pivotal step in moving the financial landscape across the Single European Payments Area (SEPA) forwards. Instant Payments Regulation compliance deadline By standardising real-time payments, the IPR aims to bolster the digital economy, enhance cross-border transactions and meet the evolving

In an unusual about-turn, the UK’s Payment Systems Regulator (PSR) issued a statement confirming the implementation date for the APP fraud (Authorised Push Payments) protections to come into effect, and a new cap for mandated APP fraud reimbursement. The limit being consulted is £85,000, a whopping reduction of £330,00 from the previously touted maximum reimbursement.

In the latest chapter of a contentious partnership, JP Morgan has filed two lawsuits over its investment in Greek fintech Viva Wallet. JP Morgan retaliates over Viva Wallet investment The legal disputes highlight ongoing tensions between the US banking giant and its joint venture partner, Werealize.com (WRL), which holds a controlling 51.49% stake in Viva

Valuation of a private company is the process of determining the worth or value of a privately held company. Understanding the valuation process Usually, factors such as growth performance prospects, financial performance, risk factors and industry dynamics are taken into account. In the case of a publicly traded company, determining its market value is done