News from the IoT World

Fiserv has entered 2026 under clear pressure, with its latest quarterly results underlining the scale of the challenge facing one of the payments industry’s largest incumbents. Fiserv’s Banking Client Losses Weigh on Revenue The group reported adjusted revenue of $4.68 billion for the first quarter, down 2.4% year on year and below market expectations. Organic […]

The UK’s Financial Conduct Authority has opened a competition investigation into PayPal, Mastercard and Visa, examining whether commercial arrangements linked to PayPal’s digital wallet may have restricted competition in the payments market. FCA probes Paypal, Mastercard and Visa competition The inquiry is being conducted under the Competition Act 1998. PayPal, Mastercard and Visa are being

Royal Bank of Canada and Bank of Montreal are reportedly in talks to sell Moneris, their jointly owned payments processing business, to Francisco Partners, in a transaction that could value the company at more than $2bn. RBC and BMO in talks to sell Moneris According to the Financial Times, the private equity firm, which owns

Citi has introduced Arc, a new internal platform designed to help the bank build, govern and scale artificial intelligence agents across its global business. Citi builds an operating layer for AI agents in banking The launch marks a further step in the shift from generative AI as a productivity tool towards agentic systems capable of

FIS has joined forces with Anthropic to develop a Financial Crimes AI Agent, in a move that highlights how quickly agentic artificial intelligence is moving from experimental technology into the operational core of banking. The product will combine Anthropic’s Claude models with FIS’s banking infrastructure, data environment and regulatory controls. Its first use case is

The European Payments Initiative is facing an uncomfortable test of its own strategic logic. Created to build a pan-European payments alternative to the dominant US card networks, the bank-backed consortium is now seeking to reduce its reliance on the very US technology infrastructure that underpins parts of its service. EPI confronts dilemma for Payments sovereignty

Banco Santander has reinforced its commitment to Ebury after taking part in a funding round of about £550mn for the cross-border payments and trade finance fintech. Santander backs Ebury with fresh funding The transaction brings in Centerbridge Partners as a new investor, alongside existing backers Santander, Vitruvian Partners and 83North, and gives Ebury additional firepower

Merchants are facing a new and awkward consequence of the rise of agentic commerce: their fraud systems may be rejecting the very customers they are meant to protect. AI agents expose costly blind spot in fraud prevention As artificial intelligence tools begin to search, compare and complete purchases on behalf of consumers, a growing number

Cashless payments are becoming an increasingly important marker of financial modernisation across emerging market and developing economies, with new data from the Bank for International Settlements showing a sharp rise in digital transaction activity during 2024. Emerging markets shifting to cashless payments According to BIS figures, the number of cashless payments per person in these

ANZ has moved to take full ownership of its Australian merchant payments joint venture with Worldline, underlining the growing strategic importance of acquiring and transaction banking to the country’s major lenders. ANZ takes full control of venture with Worldline The bank has signed a binding agreement to acquire Worldline’s 51% stake in ANZ Worldline for