News from the IoT World

Europe’s banks and payment providers have plenty on their plate to manage when it comes to upcoming change to regulations, quite aside from their own reinvention and digital transformation strategies. What regulations are coming and why it matters A survey by EY, results of which were unveiled at Money 2020, indicates a real and present […]

The Bank of England’s 2024 report on “Artificial Intelligence in UK Financial Services” offers a comprehensive examination of AI’s integration into the financial sector, highlighting its transformative potential alongside associated challenges. Artificial Intelligence (AI) has become a cornerstone of innovation within the UK financial services industry. Financial institutions are increasingly leveraging AI to enhance operational

The European Union (EU) is making strides toward seamless digital integration with the introduction of the European Digital Identity Regulation, or eIDAS 2.0. eIDAS: An empty wallet is a useless wallet Enacted in May 2024, this ambitious framework aims to dramatically alter cross-border digital services by providing EU citizens, residents and businesses with a secure,

In a significant leap forward for financial crime prevention, BioCatch has launched the BioCatch Trust Network, the world’s first inter-bank intelligence-sharing platform powered by behavioural biometrics in Australia. Australia launch financial crime intelligence-sharing Designed to combat scams and financial fraud, the network enables banks to collaborate in real time, identifying untrustworthy accounts before payments are

A decade ago, neobanks like Monzo, Starling and Revolut emerged as fintech trailblazers, aiming to disrupt the dominance of traditional banks. Why Neobanks failed to unseat the incumbents They promised a seamless digital experience, transparency, and innovative features like bill-splitting and real-time payment notifications. While they have succeeded in setting new standards for digital banking,

The Central Bank of Brazil (BCB) has taken a significant step in the second phase of its digital currency pilot, DREX, by partnering with Banco Inter, Microsoft Brazil, 7COMm, and Chainlink Labs. Brazil’s pioneers blockchain trade finance This ambitious initiative aims to transform trade finance by leveraging blockchain technology, interoperability protocols, and automation to streamline

APP scam losses (Authorised push payment) are on the rise, and expected to climb to $7.6 billion by 2028 across six leading real-time payment markets (US, UK, India, Brazil, Australia and UAE), according to the latest Scamscope report from ACI Worldwide. APP scams prey on trust by deceiving individuals into willingly transferring funds to them.

Global fintech Guavapay has announced a new collaboration with American Express, enabling MyGuava Business merchants to accept Amex Cards as a payment method. American Express expand merchant acceptance This partnership aims to enhance the payment experience for businesses across the UK and Europe while providing access to American Express’s loyal and high-spending cardmembers. Merchants using

It’s fair to say there is much education, progress and evaluation to be conducted within the field of CBDCs and digital currencies – so much to unpack that we are still working out the subthemes. CBDC and digital currency – Valuable assets Turns out the secret to digital longevity is Knowing Your Sector. Helpful, then,

In the world of European payments, any new development is never that far from what has gone before. Ground breaking technology inspires new working methodologies. Visionary leaders effect unique market dynamics. Wero: leveraging early initiatives for success But when something new is afoot, as with life itself, it can be enlightening to dig a little