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Payments & Financial Services

Lithuania showcases regtech prototype amid focus on anti-money laundering efforts

Lithuania’s central bank, Lietuvos Bankas, showcased a new regulatory technology (regtech) protoype this week that automates reporting procedures, cutting the administrative burden for financial market participants. The prototype – developed […]

COVID-19 pandemic drives govtech investment, says report

The COVID-19 pandemic has driven greater investment into govtech start-ups, according to a report. The study, published by StateUp, a London-based advisory firm focused on public sector digital innovation, explores […]

ECB launches SupTech procurement

The European Central Bank (ECB) is stepping up its investment in SupTech – technology for supervisory agencies – with a planned spend of more than £200m (US$276m). SupTech has growing […]

Taxing times: SMEs cautious about open banking

The UK government is exploring how technology can streamline tax administration. But HMRC must not add more burden to a community that is already being battered by COVID-19 and Brexit. […]

Data standards published for UK pensions dashboards

Data standards have been published to create “pensions dashboards” for UK citizens. The tool will enable people to access their personal pensions data – including about their state pension – […]

UK international trade department unveils fintech match-making initiative

The UK’s Department for International Trade (DIT) has launched a campaign to encourage international financial institutions (IFIs) to invest in British fintech. As part of the scheme, DIT will build […]

HMRC explores the potential of open banking to ‘streamline’ tax

The UK’s HM Revenue & Customs (HMRC) is investigating how it can use small businesses’ and self-employed individuals’ real-time financial transaction data, obtained with their permission through open banking, to […]

Bank of England moves to ‘unlock potential’ of cloud

The Bank of England (BoE) appointed Appvia, a London-based cloud services start-up, to help it integrate cloud technology across its operations last week. The BoE’s head of digital platforms, Oliver […]

Singapore grants non-banks access to e-payments infrastructure

Singapore’s central bank is opening up its retail payments infrastructure to non-banks from February 2021 to simplify e-payments for consumers and businesses. The Monetary Authority of Singapore (MAS) announced on Monday that […]

Tallinn tales: Estonia’s role in developing the digital euro

Rainer Olt is leading research on digital currency technology for Estonia’s central bank. In an interview with Ian Hall, he talks blockchain, privacy and instant payments Estonia boasts a well-forged reputation […]