News from the IoT World

Artificial intelligence is no longer a futuristic concept in financial services — it is the present. AI core banking modernisation From fraud detection, customer service automation to core banking, AI is reshaping nearly every aspect of banking. But beyond front-end enhancements, AI is also playing a transformative role in rearchitecting the very backbone of the […]

A new study published in Cyber Magazine reveals 83% of banks are worried about the security risks of adopting AI in their core banking systems[1]. However, a new white paper from RS2 explains that AI use is safe – as long as it’s self-hosted, and designed specifically for financial services. In their new paper, RS2

In a major step forward for the UK’s Open Banking ecosystem, a consortium of 31 major players spanning fintechs, incumbent banks and payment platforms has committed funding to establish a new industry-led company tasked with delivering commercial Variable Recurring Payments (cVRPs). The initiative aims to bring VRPs – a next-generation payments mechanism enabling consumers to

There is something in the air folks, first Amazon, then Mastercard and now Visa has unveiled a major strategic vision for the future of digital payments including agentic AI. Visa launch agentic AI payments The announcement was made at the company’s 2025 Global Product Drop in San Francisco, where Visa showcased how artificial intelligence will

World, the rebranded digital identity and cryptocurrency venture from OpenAI CEO Sam Altman, has officially launched in the US, bringing its biometric verification technology and digital token ecosystem to American consumers. Worldcoin rebrands as ‘World’ The move marks a strategic shift for the company, which had initially rolled out its controversial iris-scanning “orb” devices across

The UK Treasury has taken a decisive step in shaping the country’s regulatory stance on digital assets, announcing that overseas stablecoin issuers will be exempt from new domestic crypto rules. UK exempts foreign stablecoin issuers This marks a significant departure from the more rigid EU approach and signals alignment with the US on the future

As global commerce undergoes a profound technological transformation, the payments landscape is poised for further disruption in consumer payments. Juniper Research’s Consumer Payments Tech Horizon 2025 offers a comprehensive strategic lens through which to view the technologies shaping the future of digital payments. From emerging players like biometric terminals and voice-activated payments to maturing giants

Last week we reported on Amazons launch of agentic AI, now Mastercard has unveiled its latest initiative to reshape the future of commerce: Agent Pay, a platform that integrates agentic artificial intelligence (AI) into payment systems. Mastercard launch agentic AI payments The new program introduces Mastercard Agentic Tokens, extending the company’s established tokenisation capabilities and

As 2025 unfolds, a growing number of merchants and consumers are embracing “Pay by Bank” — a payment method allowing users to pay directly from their bank accounts, bypassing traditional card rails. Spearheaded by fintech leaders, Pay by Bank is increasingly being positioned as the most secure, cost-effective, and resilient payment solution for the future.

Mastercard is deepening its commitment to stablecoins, unveiling a suite of new global acceptance and payment solutions designed to embed digital currencies more seamlessly into everyday financial life.         Mastercard accelerates stablecoin integration Amid growing regulatory clarity worldwide, the payments giant is positioning stablecoins not merely as speculative assets, but as critical