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Fintech

Payments tech will help tackle financial exclusion, conference hears

‘Open banking’ is set to create “serious disruption” to financial services and could help address financial inclusion, a leading UK Parliamentarian has told Global Government Forum. Lord Holmes of Richmond, […]

US and UK launch fintech partnership

The USA and UK have set up a ‘Financial Innovation Partnership’ (FIP) to promote cooperation on regulatory issues and business development in financial technology, in a bid to develop both […]

Modi’s Indian election win clears way for cryptocurrency ban

The re-election of Indian prime minister Narendra Modi gives his BJP party the parliamentary muscle to push through its agenda – which looks set to include the banning of cryptocurrencies […]

ECB calls for “careful monitoring” of crypto-currencies

Crypto currencies’ potential implications for financial stability in Europe require “careful monitoring”, the European Central Bank (ECB) has said – though their combined value has not yet reached a point […]

Public finances: the power of fintech in service delivery

Using capabilities honed in the UK’s banking sector, NS&I Government Payment Services (NS&I GPS) manages monetary transactions across government. And the HM Treasury agency is now gearing up for the […]

Taxing the digital economy: the struggle for real cash in a virtual world

Government tax bases are shrinking as digital services and global businesses expand, but there’s little global consensus on how to protect public revenues. Gavin O’Toole explains the problem – and […]

Zimbabwean central bank bids to outlaw cryptocurrency trading

The Reserve Bank of Zimbabwe (RBZ) has announced that it plans to challenge a High Court ruling which blocks its attempt to ban trading in cryptocurrencies in the southern African nation. […]

Estonian government approves draft legislation to allow remote opening of bank accounts

The government of Estonia has approved draft legislation to allow e-residents to open Estonian bank accounts remotely. Under current law, people can already obtain Estonian e-residency and open and run […]