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The European Commission has revealed plans for a digital identification wallet that the 450 million residents of the 27-nation European Union (EU) bloc would be able to use to log into local government websites or pay utility bills. The wallet is an app that EU citizens could install on their smartphone in order to prove their […]| www.globalgovernmentfintech.com
The politician leading on the establishment of a federal digital ID system for Switzerland has said that government authorities “need more time” to process technology and cost considerations.| 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
The UK’s Financial Conduct Authority (FCA) has announced a partnership with Raidiam, a London-headquartered company that specialises in data-sharing technology, as it strives to ‘accelerate delivery’ of open finance. Open finance is the secure, customer-permissioned sharing of financial data – such as pensions, insurance and investment data – between third-party providers using application programming Interfaces […]|
Luxembourg’s sovereign wealth fund has allocated one per cent of its portfolio to bitcoin, the European Union (EU) member state’s finance minister has announced. Gilles Roth mentioned the Intergenerational Sovereign Wealth Fund (Fonds souverain intergénératiponnel du Luxembourg – FSIL)’s lean into the world’s best-known cryptocurrency as part of his presentation of the government’s draft 2026 […]|
Bank of North Dakota (BND), the only state-owned bank in the US, has announced details this week of the planned launch of a stablecoin called ‘Roughrider.’ The stablecoin will be available to banks and credit unions across the state in 2026 in a move aiming to ‘increase bank-to-bank transactions, encourage global money movement and drive […]|
Latvia’s government is gearing up to adopt the second edition of a national strategy to encourage the development of the European Union (EU) member state’s fintech sector. The Ministry of Finance (MoF) has prepared the ‘Latvian FinTech Sector Development Strategy 2025-2027’, a successor to the first strategy published two-and-a-year years ago, in co-ordination with Latvijas […]|
Denmark’s central bank has updated its payments resilience recommendations for citizens and – for the first time – issued guidance for retailers on enabling people to continue paying for goods and services if common payment methods are temporarily out of service. Danmarks Nationalbank said its recommendations address ‘many more situations’ than those it previously covered […]|
Bank of Uganda has launched a supervisory technology (‘SupTech’) initiative as the authority looks to ‘modernise financial sector supervision’. SupTech is the application of innovative technologies such as artificial intelligence (AI), machine learning and Big Data analytics by regulatory and supervisory authorities to improve their oversight of financial institutions and markets. The east African state’s […]|
The European Central Bank (ECB) has announced the companies selected through a procurement process – launched almost two years ago – to provide ‘components and related services’ for the prospective digital euro. In an announcement that will get champagne corks popping at the chosen companies, the Frankfurt-headquartered authority said that ‘as part of the preparation […]|
European Central Bank (ECB) executive board member Piero Cipollone has highlighted the prospective digital euro’s ability to “bolster Europe’s unity, safeguard our autonomy and strengthen our resilience” in a speech in Estonia.| www.globalgovernmentfintech.com
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
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
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
