News from the IoT World

Mollie has launched a new version of Pay by Bank built on GoCardless’s open banking infrastructure, marking the first major product to emerge since the two companies combined earlier this year. Mollie Launches Pay by Bank with GoCardless  The service allows consumers to pay directly from their bank account within a merchant’s checkout, without needing

ANZ has completed a live cross-border corporate treasury transaction using tokenised deposits and Swift’s blockchain-based ledger, in a test aimed at showing how digital money could move between banks without changing the customer experience. ANZ Tests Tokenised Deposits for Corporate Payments Working with BHP, Citi and Swift, the Australian bank processed US dollar payments between

Plaid is expanding its use of AI across lending, fraud detection and payments, with a new generation of models designed to interpret financial behaviour over time rather than rely on isolated data points. Plaid Expands its use of AI  The open finance company has introduced new cash-flow underwriting tools alongside AI foundation models for fraud

HSBC is preparing to launch a Hong Kong dollar-backed stablecoin under the HSBC RedCoin brand, beginning with retail payment use cases before expanding into corporate and institutional applications. HSBC Prepares Hong Kong Stablecoin Launch  The bank plans to introduce the stablecoin in the second half of 2026 under a licence granted in April. At launch,

Citi has launched multi-market instant payments through Swift, allowing bank clients to reach several domestic real-time payment systems through a single account structure and existing Swift connectivity. Citi Opens Multi-Market Instant Payments for Clients The service is being delivered through Citi’s WorldLink Payments Service and is intended to remove some of the traditional complexity associated

New merchants are particularly vulnerable to fraud during their earliest months of trading, with fresh analysis from Fraudio showing that 10.5% of newly observed businesses experienced at least one fraudulent transaction within their first 90 days. New Merchants Face Elevated Fraud Risk  The study examined more than 127.5 million transactions between January 2025 and April

Barclays is extending its use of Anthropic’s Claude AI models across software development, customer support and operational processes as the bank looks to modernise legacy technology and improve efficiency. Barclays Expands Claude AI Use  The lender expects Claude Code to reach around 50% of its developer population by the end of 2026, with adoption expanding

Some of Europe’s largest domestic payment schemes are joining forces to create a new cross-border network designed to reduce the continent’s reliance on US-controlled card infrastructure. European Payments Groups Unite  Bancomat, Bizum, the European Payments Initiative behind Wero, SIBS-MB WAY and Vipps MobilePay have formed a new company, the European Network for Payments, which will

Tokenisation is moving rapidly from experimentation towards mainstream financial infrastructure, with Lloyds’ latest Financial Institutions Sentiment Survey showing growing conviction that digital assets will materially change how money and securities move. Tokenisation Moves Up the Agenda for UK Finance Lloyds’ research says 71% of senior leaders expect tokenisation to reshape financial services. The underlying survey

FIS has integrated Spade’s real-time transaction enrichment technology into its debit processing platform, giving issuing banks access to more detailed merchant information at the point a transaction is processed. FIS adds Real-Time Merchant data for processing The move is designed to address a longstanding problem in card payments: transaction descriptions that bear little resemblance to