It is not a secret for anybody that the Internet of Things today makes a great revolution in the world. Different types of electronic devices can connect with each other and make life easier and more convenient. 

Apart from the common use of IoT in our life, business field like financial sector can also use the Internet of Things usefully. Let’s find out main strong sides of using IoT in your financial business.

Challenges you can solve with IoT in FinTech area

Alternative lending observes a continuously increasing number of Millennials and Generation Z.  According to the Latvian P2P platform Robo.cash, this tendency is supported by the interest of young investors in a simple and comfortable source of additional income and the positive experience gained at the existing peer-to-peer platforms.
 

Robotic Process automation, otherwise known as RPA, is a significant, rapid change that’s encroaching upon many industries. Quickly evolving, implementing RPA into your industry could help to digitize labor using machine intelligence, capitalize on engagement, create big data, manage social media, and solve mobile technology issues, as well as cloud computing issues, that your industry might struggle with. 

Ant Financial Services Group (“Ant Financial”) has signed a strategic cooperation agreement with China Everbright Bank Co., Ltd (“China Everbright Bank”) and Everbright Technology Co., Ltd. (“Everbright Technology”), a fintech subsidiary of China Everbright Group, to facilitate China Everbright Bank’s digital transformation.

With less than a week to go until GDPR enforcement, only 40 per cent of companies expect to achieve compliance with the regulation after the 25th May deadline. This number is alarming, as non-compliance fines start at €20 million or 4 per cent of annual global turnover. 

New research released today by Intuit QuickBooks, the world’s leading online accounting software provider, has found that while the majority (75%) of UK accountants have heard of the upcoming Making Tax Digital (MTD) legislation, nearly a third (30%) of this group are unclear about what it means for their practice, revealing a disconnect between awareness of the legislation and an understanding of its implications.

 Play2Live, the world's first decentralized streaming platform for gamers & esports fans built on blockchain technology, has reached an agreement for all users to trade LUC (Level Up Coin) tokens on Yobit, CoinBene & HitBTC. By July 2018, LUC will

HERE Technologies and its partners in China, Japan and Korea have joined forces to enable a unified global digital representation of the road environment from 2020

Through their OneMap Alliance, the companies will make it easier for any OEM to deploy world-class mapping to help autonomous vehicles drive safely and efficiently

The OneMap Alliance is open to new, strategic partners across the globe

Market EarlyBird, the UK FinTech company behind EarlyBird – Safe, Smart Twitter for Finance  announced the immediate availability of a native mobile client for EarlyBird.

EarlyBird is a read-only, anonymised Twitter service that provides powerful Tweet search and filtering capabilities enabling users to find financial Tweets that others miss.