The Internal Revenue Service (IRS) has announced that tax refund paper cheques for individuals will be phased out ‘beginning on’ 30 September as the US government agency acts on an executive order signed by Donald Trump. The president signed executive orders six months ago to ‘modernise how the government handles money’ and to centralise a […]|
A heavyweight new analysis of artificial intelligence (AI) use by governments worldwide has identified tax administration as a ‘particularly demanding’ environment for the technology’s integration. The OECD describes its ‘Governing with Artificial Intelligence: The State of Play and Way Forward in Core Government Functions’ report as the ‘first of its kind’ to examine how governments use and […]|
The UK and US finance ministries have announced the creation of a ‘Transatlantic Taskforce for Markets of the Future’ to ‘enhance collaboration on capital markets, digital assets and other innovative financial activities.’ The taskforce will be chaired by HM Treasury (HMT) and US Treasury officials and include representatives from UK and US regulators responsible for […]|
Financial services representatives have said they are yet to detect much regulatory ‘decongestion’ as the first-year anniversary approaches of the UK government’s publication of a ‘National Payments Vision’ to achieve precisely that. The National Payments Vision (‘NPV’) was published in November 2024 in response to the findings of an independent review published 12 months previously […]|
A competition that will allow anyone working in UK public services to access local spending data to inform policy development has launched this week by our sister title Global Government Forum and Mastercard. The Mastercard PULSE – which stands for Policymaking Using Local Spending Evidence – competition is looking for entries from across government to […]|
The UK Financial Conduct Authority (FCA)’s chief data, information and intelligence officer has presented an update on the regulator’s growing number of activities to help companies in the fast-growing field of artificial intelligence (AI) – including its recently announced ‘Supercharged Sandbox’. Jessica Rusu was speaking at a fintech conference in the City of London just […]|
US government ‘disaster relief’ payments are starting to flow to individuals and businesses via Federal Reserve-developed instant payments platform FedNow in a move being promoted as a ‘game-changer’. FedNow – fully known as the ‘FedNow Service’ – is an interbank infrastructure to enable credit transfers to complete in seconds and make instant payments available […]|
Sacha Zarb (UK), Peter Oakes (Ireland) and Dina Buse (Latvia) at Global Government Fintech Lab 2025.| www.globalgovernmentfintech.com
Global Government Fintech is an independent media and community for professionals exploring and engaging with fintech in the public sector| www.globalgovernmentfintech.com
More than half of UK public servants in finance, transformation and digital jobs are using generative AI (‘GenAI’) in their day-to-day work – but more than 40 per cent have encountered errors in the course of their work caused by use of GenAI tools – according to a survey by Global Government Fintech. Generative AI refers […]|
Brazil’s central bank has taken measures to improve the national financial system’s security after cyber-criminals attacked financial software and payment companies via their connections to its internationally well-regarded instant payments system Pix. The measures, which involve a transaction-size limit for non-authorised users of Pix, were announced on 5 September. ‘For unauthorised payment institutions and those […]|
Anti-fraud, digital ID and payments innovation are seen as the top three most important fintech-related fields for public sector use, a survey by Global Government Fintech can reveal. The ‘UK Public Sector Fintech and Artificial Intelligence Awareness Study’ was undertaken between 16 July 2025 and 29 August 2025 to better understand UK public servants’ latest thinking. The […]|
Turkey’s central bank has issued a ‘call for participation’ for companies in the finance and technology sectors to ‘enrich’ its ongoing explorations into the potential launch of a central bank digital currency (CBDC). The Central Bank of the Republic of Türkiye (TCMB)’s directorate-general for payment systems and financial technologies announced the move today (3 September) […]|
One of the UK’s biggest banks has created a new senior role to ‘deepen engagement with the UK government and government-linked institutions in the UK and beyond’ – and recruited a former JP Morgan banker from a UK government job to fill it. Toby Lott has joined Lloyds Banking Group as managing director – governments, […]|
Switzerland’s government has announced that an office set up to promote fintech innovation two years ago as a new unit ‘administratively attached to’ its State Secretariat for International Finance (SIF) is to be, in effect, taken in-house.| www.globalgovernmentfintech.com
The US Department of Commerce has begun posting macroeconomic data on public blockchains – the administration’s latest move in putting its money, or in this case national economic data, where its mouth is as regards embracing the use of innovative technology. Best-known for powering cryptocurrencies such as bitcoin, and increasingly used in fields such as […]|
HM Treasury in the UK is to procure a system that will integrate finance and performance data as part of government plans to ‘rewire the state’.| www.globalgovernmentfintech.com
Barry Lowry (Ireland), Pietro Stroia (Italy), Laura Körber (Germany) and Rob Haslingden (UK) at Global Government Fintech Lab 2025.| www.globalgovernmentfintech.com
The Central Bank of Barbados has announced details of an instant payment system (IPS) named BiMPay intended to ‘transform payments’ after its launch in March 2026.| www.globalgovernmentfintech.com
The Bank of England is to “consider” stablecoins’ role in wholesale financial markets innovation through the UK’s Digital Securities Sandbox (DSS), the central bank’s executive director of financial market infrastructure Sasha Mills said in a speech this week.| www.globalgovernmentfintech.com
Donald Trump has directed US government agencies to build ‘centralised tech systems’ to ‘record every payment’ made via grants and contracts.| www.globalgovernmentfintech.com
The prospect of the launch of EU institution-backed digital identity wallets (‘EUDI Wallets’) has taken a step forward after a provisional political agreement.| www.globalgovernmentfintech.com