News from the IoT World

FM Finance Ltd has launched Remitiva as a dedicated instant card payouts brand, with its own site and product documentation. It is built around a single function: sending funds straight to a recipient’s existing payment card. Remitiva Launches Instant Card Payouts  The scope is deliberately narrow. A business pushes money to a Visa, Mastercard or

Fintech money transfer providers have substantially reduced the cost of cross-border payments compared with traditional bank wires, while stablecoins remain constrained by conversion fees, liquidity and the continued need for intermediaries, according to new research comparing competing payment rails. Fintechs Undercut Banks on Payment Costs The new working paper by the Bank for International Settlements,

Finance leaders across the UK and Ireland are under growing pressure to adopt artificial intelligence faster than they are comfortable with, even as confidence in the technology itself remains high. Finance Leaders Feel Rushed Into AI Adoption Research commissioned by AccountsIQ found that 82% of finance leaders feel under pressure to accelerate AI adoption, with

The UK’s competition regulator has set out proposals that could significantly widen access to contactless payments on Apple’s iPhone, potentially lowering barriers for banks, fintechs and wallet providers seeking to compete with Apple Pay. UK Moves to Open iPhone Contactless Payments  The Competition and Markets Authority is consulting on measures that would require Apple to

UniCredit has secured approval from the European Central Bank to take a controlling stake in Commerzbank, clearing one of the most significant regulatory hurdles in its pursuit of the German lender. ECB Clears UniCredit to Take Over Commerzbank The ECB has authorised the Italian banking group to cross the 30% ownership threshold and increase its

The European Payments Council is developing a common framework to govern how payment service providers accept EU Digital Identity Wallets for strong customer authentication, as Europe prepares for large-scale deployment of digital identity across financial services. EPC Moves to Standardise Digital Identity Wallet Use The initiative, known as SCARLET — Strong Customer Authentication Acceptance Rulebook

Mastercard has launched a new platform with BVNK that brings fiat currencies and stablecoins together through a single API, marking the first major integration since Mastercard acquired the stablecoin infrastructure provider earlier this year. Mastercard and BVNK Launch Platform   The new Global Money Platform is designed for banks, fintechs and enterprises that want to embed

Stablecoin payments provider Noah has secured both a MiCA crypto-asset service provider licence and a PSD2 payment institution licence, giving it a regulated framework to offer stablecoin and fiat payment services across all 27 EU member states. Noah Secures EU Licences for Stablecoin Payments The approvals allow Noah to hold, exchange and transfer stablecoins on

The Bank of England and International Monetary Fund have issued unusually stark warnings over the systemic threat posed by cyber attacks, arguing that a serious incident affecting payments or access to deposits could undermine confidence in the financial system itself. BoE and IMF Warn Cyber Threats to Banking  Speaking at an IMF and World Bank

Starling is developing a transactional foundation model with Nvidia that will be trained and hosted entirely within a UK sovereign cloud, as the digital bank looks to deepen its use of artificial intelligence while reducing reliance on a small number of global infrastructure providers. Starling Builds UK-Sovereign AI Model  The model will be trained on