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France is integrating its national digital ID card, the CNIe, with smartphones to allow French citizens to complete online transactions, through a collaboration with Idemia.
The Agence Nationale des Titres Sécurisés (ANTS) selected Idemia to build the authentication system, which gives CNIe-holders the option to fulfil authentication requests by holding their digital ID card to the back of their phone to facilitate an NFC connection. The related mobile app will then read and authenticate the personal data held in the card’s chip.
The smartphone-based digital ID will soon be available for authentication to hundreds of secure online services, with the system certified by the Agence Nationale de la Sécurité des Systèmes d’Information (ANSSI), according to the announcement.

From French digital ID authentication coming to smartphones with Idemia contract | Biometric Update:

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With the Industrial Internet of Things (IoT), data becomes a source of value, in addition to physical objects—and connectivity makes it possible to build smarter supply chains, manufacturing processes, and even end-to-end ecosystems.

From How Industrial IoT Will Reshape Manufacturing – And The Bottom Line:

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Ana Isabel Segovia, Digital Regulation Manager at BBVA, explores the latest developments in a European digital identity system. 

Last June the European Union announced the future creation of digital identity wallets as part of a change in its electronic identification regulations.

Although Member States will be responsible for issuing the wallets within a year of the approval of the law, the providers may be public or private (mandated and/or recognised by the Member States). The purpose of this measure is to guarantee users’ control over the data that identify them, in line with other European laws, such as the General Data Protection Regulation (GDPR).

The idea of this identity wallet is a very important step in creating a European ecosystem for the use and management of digital identities that may be used in all sectors and by multiple providers. The aim must be to allow individuals and companies to integrate seamlessly into the digital value creation processes based on digital identities.

The future wallet will also help to preserve users’ privacy, giving them full control over the attributes that shape their identity and minimising the personal data to be exchanged. reducing dependence on third parties that could track user activity.

In the case of financial institutions, whose enhanced identity verification instruments are among the most trustworthy and robust on the market, the new wallet opens up a world of possibilities to participate in the new ecosystem, both as identity authentication service providers and, ultimately, as the suppliers of the wallet itself, under the  mandate of the Member States.

From Toward a European digital identity – Fintech Talents:

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Research from Marshall Van Alstyne, a co-author of “Platform Revolution” and visiting scholar at the MIT Initiative on the Digital Economy, suggests that APIs built for B2B platforms bring the best return on investment — revenue gains of 66% and net income growth of 38%, compared to revenue gains of just 4% and net income gains of less than 1% for APIs built for B2C platforms.

From What’s next for business-to-business platforms in 4 markets | MIT Sloan:

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JPMorgan analysts estimated that, by late last year, high-frequency traders were responsible for almost 80 per cent of the bitcoin prices sent to exchanges, similar to their share in US government debt. Many of these computer-driven traders target the crypto “basis” trade — the discrepancy between the spot price and the derivatives price.

From Wall Street trading groups step up incursion into crypto markets | Financial Times:

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Leading Chinese banks have introduced digital yuan withdrawals at more than 3,000 ATM locations in Beijing. Residents of the capital city will now be able to exchange their e-CNY funds for cash and vice versa.

From Over 3,000 ATMs in Beijing Offer Digital Yuan Withdrawals – Bitcoin News:

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All of Mercedes-Benz’s future Level 4 and Level 5 autonomous cars will prioritize saving the people they carry, according to Christoph von Hugo, the automaker’s manager of driver assistance systems and active safety.

From Self-Driving Mercedes-Benzes Will Prioritize Occupant Safety over Pedestrians – News – Car and Driver:

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In the future, embedded finance will reposition financial institutions as software and product providers, often giving control of the customer relationship to consumer brands.

From How Should Banking Respond to Embedded Finance Model?:

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Most are settled through correspondent banking arrangements, traditionally through banks in New York for dollar transactions, in London for sterling transactions and Frankfurt for euro transactions.

But this was a highly neo-colonial process, given that most major correspondent banks are western-owned, effectively dictating price and terms.

From Is the world heading into digital currency future?:

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TilloBased in: Brighton and Hove
Sector: fintech
Founders: Alex Preece and Gareth GillattPowering the future of gift cards, Tillo connects the world’s most popular brands with businesses looking for exciting new ways to reward and incentivise. Unlocking a world of new opportunity to drive sales and reach new global audiences, their digital platform connects brands with businesses across its extensive network, opening up multiple new distribution channels and allowing them to manage sales, all in real-time.

From 33 fastest-growing tech start-ups in Britain in 2021 – are you one of them?:

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2020

The awards, organised by the Gift Card & Voucher Association (GCVA) and with a special guest appearance from comedian and actor Maria McErlane, recognised the extraordinary efforts of the GCVA members, which span the retail, leisure, incentives and payments sectors, during lockdown, across six prestigious categories.
Rewards and benefits platform Edenred Ltd won “Best COVID Response Initiative”, in partnership with rewards and incentive management platform Tillo, for their tireless work in enabling free school meal vouchers throughout the first wave of the pandemic.

From Gift card industry heroes recognised in GCVA Connect 2020 Special Awards | Bdaily:

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