The Internet of Things will change business models in the financial services sector − and at the same time create new legal issues. For banks to survive they must change their business model using IoT devices but this may lead banks to no longer be a “safe” in which customers’ data is locked up and immobile. Banks of Things will collect customers’ data from any of their personal devices to offer them different services. The same data is set to become a major resource for the banks’ business, both to improve their operations and to operate as an asset that can be sold. To learn about several ways banks can exploit the date they collect, please read the full article by our colleague Giulio Coraggio.