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ProjectPay , the construction payments fintech, which received a project grant funded by the government’s innovation division, Innovate UK, to research and test how to solve cashflow problems in the construction industry, has now published its findings. The report has been provided to the government.
This is just one example of how we are working to make Armenian citizens lives easier by digitising government services. Our vision is that open and quality data is a national wealth and we consider it a national duty to deliver streamlined, personalised and proactive digital government services by default.
The Monetary Authority of Singapore (MAS) has announced that the Corporate Governance Advisory Committee ( CGAC ) will lead a review of the Code of Corporate Governance. The review aims to build on established good practices and strengthen governance and disclosure standards among listed companies.
Episode Six (E6), a leading global provider of enterprise-grade payment processing and ledger infrastructure, today announces a partnership with payment solutions and services provider Secupay to provide asylum seekers with payment cards, enabling them access to financial support from the German Government.
FinTech Australia , the industry advocacy body, is calling for the Australian government to intervene after finding that many smaller fintech firms are struggling to get off the ground. This is where government intervention can have the greatest impact.” “Were seeing this play out across the available funding data.
On Valentine’s Day this year, the Government of Canada launched its pre-budget consultations to gather input from Canadians for its Budget 2025. While we continue to stand up for Canadian consumers, jobs, and businesses, we want to hear from you on the issues and priorities that matter most.
The Payments Association , the trade group representing the payments sector, has launched its Payments Manifesto for 2025, urging the UK government to modernise the payment infrastructure to ensure consumer protection. This follows the publication of the governments National Payments Vision and Strategy (NPV&S) late last year.
“We urge the Government, the FCA, the Bank of England and the PSR, to ensure that any transition results in a more harmonised and effective approach to regulating payment systems and services that will not erode trust in the UK payments ecosystem, and enhances the regulatory agenda without introducing further challenges to industry. .
Thailand’s Prime Minister Paetongtarn Shinawatra announced that a portion of the government’s 450 billion baht (US$13.1 The government has delayed the programme due to funding concerns but insists it will adhere to fiscal discipline when implemented in the final quarter of the year.
Payment giant Visa and FPT Corporation, a Vietnamese technology firm, have signed a Memorandum of Understanding (MOU) to advance digital transformation within the government sector. The partnership focuses on modernising government services and improving accessibility, particularly for small and medium-sized enterprises (SMEs).
The sustained growth of venture capital and private equity has also contributed to the continued growth of UK capital pools, with these capital sources accounting for 15 per cent of newly issued capital in 2024, compared with five per cent in 2013. The UKs capital markets operate in an increasingly competitive global environment.
Sibstar, the UK’s leading debit card and app for people living with dementia, is today calling for banks and governments to work closer together to ensure safer spending for financially vulnerable people. Sibstar is the UK’s first debit card and app that helps families living with dementia to safely manage their everyday spending.
These measures provide a clear path for the governance, management, and maintenance of these requirements as the world transitions to the ISO 20022 messaging standard. This panel will begin meeting in early 2025 and will continue to meet twice a year, in line with the ISO 20022 standard maintenance process.
From Singapores Smart Nation initiative to Australias Consumer Data Right (CDR) and Indonesias open banking ambitions, governments across the region are actively promoting digital transformation within the financial sector. This gets crucial when one thinks of financial institutions managing high-volume, mission-critical transactions.
Following an independent audit at the start of the year, Medius has been recommended for continued registration to ISO 9001:2015 and has successfully transitioned to the latest ISO 27001:2022 standard. “Our commitment to security and quality is embedded in everything we do,” said Mike Knowles, Senior Compliance Manager at Medius.
As we continue to push the boundaries in the AI space , our AI-powered tools help accounting teams do more with lessenhancing decision-making, uncovering insights, and reducing repetitive tasks through intelligent automation. Continuous Improvement Obtaining the certification is just the beginning.
With this license, we are well-positioned to continue our strong relationships with existing customers and welcome new clients seeking pay-in and pay-out solutions in more than 40 markets that dLocal serves.
Mohammed Rahim, Group Chief Data Officer at Standard Chartered, said: Mohammed Rahim The tool has been developed with strong governance and ethical AI principles at its core. This is just the beginning of how we will continue to innovate and create long-term value for our clients, colleagues, and communities.
The payment vertical continues to dominate, with 48 companies and a share of 21.8%. This progress has been underpinned by strategic government initiatives, which focus on encouraging the shift away from cash and improving financial accessibility. rate in 2023.
Growth in revenue collection from the government is notable, with 30 per cent attributed to digital payments and 90 per cent of transactions executed digitally. The post Can Nepal Continue Building Fintech Foundations to Support Economic Development and Growth? billion ($570million) in 2022 to Rs 20.77
Under the agreement, Modulr will continue to protect the security of HMRC’s payments to individuals and businesses through its CoP service, which helps prevent fraud by validating bank account details in real-time with receiving banks and payment institutions.
A company spokesperson told TechCrunch that Plaid will not go public this year, but it plans to continue tracking towards a public listing. Unlike regions such as the UK and EU, where open banking is well-established and governed by clear regulatory frameworks such as PSD2, the US market remains in flux.
Source – credit card debt statistics 2025 and Australian debit card statistics ) As digital transactions continue to grow, so do the challenges of protecting sensitive customer data. As cybercriminals continue to evolve their tactics, businesses must prioritize strong cybersecurity measures to mitigate these risks.
Continued investment in innovative fraud detection technologies and adaptive regulatory frameworks is essential to stay ahead of evolving financial crime threats. APP and identity fraud challenges persist, and bad actors are continually deploying more sophisticated methods to dupe and exploit firms.
The announcement should provide clarity to industry regarding the medium-term governance and maintenance of the harmonised data requirements during the period of global transition to the ISO 20022 messaging standard.
The government expanded the digital payment market reach by implementing initiatives like the Hawkers Go Digital program. The government has also been a big driver behind the adoption of digital payments by consumers through its Smart Nation initiative.
This move aims to increase transparency and trust in ESG (environmental, social, and governance) reporting within the financial sector. This is only the beginning, as we continue to push boundaries in sustainable financial practices.
This move is part of the Saudi Central Bank’s (SAMA) strategy to support the financial technology sector, as the bank continues to work toward enhancing the effectiveness and flexibility of the financial sector in the Kingdom.
This milestone aligns with the banks continuous efforts to collaborate with FinTech companies to provide flexible solutions that contribute to advancing financial inclusion in line with the vision of the Egyptian government and the Central Bank of Egypt.
In his new role, Martin will play an instrumental part in continuing to grow the firm’s presence in the sector and enhancing its innovative solutions to continue to support clients with every day legal needs, business critical projects and every touchpoint in between.
Andrei Florescu Businesses face unprecedented challenges in extending advanced cybersecurity capabilities to AWS and other cloud environments as attack surfaces continue to grow. The program also provides AWS co-sell resources, including training, webinars, and best practices, to enhance sales and security support.
As fraudsters are continuously finding new ways to strike, we’re continuously finding new ways to prevent them with controls such as encryption, multi-factor authentication, fraud detection software, etc. But not everyone is aware that it all begins with how electronic devices are designed.
The tax authority recently awarded Trustlys Ecospend a new contract to continue to provide these solutions. HMRCs use of Pay by Bank is one of the most innovative examples of embedding fintech within a Government, setting a global standard. More than 3.6 million Pay by Bank transactions were made by taxpayers to HMRC during the period.
“This is especially important for sectors that have challenges integrating with traditional banking, such as wealth, gaming and crypto” he continues. ” Views of the regulator The findings come following a government move to disband the Payments Services Regulator (PSR). . ” says Campbell.
These firms are already subject to regulation under existing laws such as the Payment Services Act, the Securities and Futures Act, or the Financial Advisers Act, and they can continue to provide services to both local and overseas customers.
In the digital world where seamless automation is the priority, organisations across banking, insurance and telecom rely on government provided authentication services.
The industry has risen to the challenge that the government set at the end of 2024 calling for industry partners to play their role in supporting the effective and timely delivery of commercial variable payments (cVRPs). It is testament to the collaborative nature of our ecosystem that it can be industry-led.
This industry-wide collaboration is in direct response to the UK Government’s call for industry partners to play a role in supporting the effective and timely delivery of cVRPs.
On 6 November 2024, the government released its guidance to organisations on the offence of failure to prevent fraud , introduced as part of the Economic Crime and Corporate Transparency Act 2023 (ECCTA). Taking proactive action Conducting a risk assessment must be a continual process for firms looking to avoid repercussions.
Alternative payment methods such as PayPal, GooglePay and ApplePay continue to be favored by Gen Z compared to all other age demographics. This year’s findings show that taxpayers are continuing to pivot to digital payment channels to pay taxes and receive their refunds quickly.
Emerging tech: High-stakes opportunities The hype surrounding AI, blockchain and quantum computing continues to grow, and for good reason. “As with any emerging technology, governance remains essential. That is why we established an AI governance framework to ensure that innovation happens responsibly and in line with our values.”
SEAs young, tech-savvy population, a growing consumer base, reliance on informal financial systems, and supportive government initiatives aimed at financial inclusion serve as robust drivers for long-term growth. Funding has now reverted to pre-pandemic levels, creating a challenging environment for many players in the ecosystem.
Payment partners are being chosen based on their sustainability and overall commitment to Equality, Sustainability and Governance. As part of our goal of reaching ultimate financial inclusivity, we have made significant commitment to increasing accessibility and equality for Ecommpay clients and their customers, continued Miranda McLean.
The Role of the NSO in Cross-Border Payments To bring this vision to life, the Nexus Scheme Organisation (NSO) is being established to govern and manage Project Nexus. However, BIS will continue providing technical advisory support, facilitating collaboration among members and potential new participants.
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