News from the IoT World

E-commerce is poised for continued growth, with global retail sales expected to reach $6.8 trillion by 2028. To get a stronger view on just how important this sector is going to be I strongly advise a quick read of a McKinsey report I covered yesterday. Tokenisation: a secure e-commerce However, as the digital shopping ecosystem […]

Open Banking in the UK and Europe was introduced in 2018, with regulations mandated by the EU’s Payment Services Directive 2 (PSD2). Six years later, has it caught on in America? Is the US ready for Open Banking? The premise was to level out the competition playing field, allowing fintechs greater access to consumer payments

In a move that has shaken the US financial sector, the Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against JPMorgan Chase, Bank of America, Wells Fargo and Zelle’s operator, Early Warning Services (EWS). CFPB takes on big US banks over Zelle fraud The suit, filed in the US District Court for the District

McKinsey & Company’s recent report identifies 18 emerging “arenas” – industries characterised by high growth and dynamism – that are poised to significantly impact the global economy. These sectors, including AI software and services, cybersecurity, future air mobility and robotics, are projected to generate between $29 trillion and $48 trillion in revenues by 2040, potentially

The European Payments Initiative (EPI) has achieved a significant milestone with the successful completion of its first end-to-end e-commerce payment transaction using its Wero solution. First successful Wero e-commerce transaction This proof of concept (POC) was carried out in partnership with 1. FC Kaiserslautern’s online store. EPI’s Wero aims to provide a sovereign, account-to-account payment