Stripe eyes bolstered internet firm tax compliance through TaxJar purchase
Payments giant Stripe has entered into an agreement to purchase sales tax software enterprise TaxJar to improve tax compliance rates for internet firms.
BAE survey details steep hike in cybercrime during pandemic
A BAE Systems survey has found nearly three-quarters of financial organisations have experienced a rise in cybercrime since the beginning of the Covid-19 pandemic.
Saudi Payments teams with IBM, Mastercard to launch instant payment system
Saudi Arabia’s only financial payments company Saudi Payments (SP) has introduced ‘sarie’ – an instant payments system – in collaboration with IBM and Mastercard.
FCA to introduce ‘regulatory nursery’ to boost FinTech oversight
The Financial Conduct Authority (FCA) has revealed it will launch a ‘regulatory nursery’ for new FinTech companies in autumn of this year.
US House of Representatives approves cannabis banking bill
The US House of Representatives passed a much-awaited SAFE bill aimed at easing financial restrictions placed on the cannabis industry.
The SAFE (Secure and Fair...
FICO survey highlights evolving identity theft challenges in the online age
A survey by data analytics company FICO has found up to 4% of UK consumers believe their identity has been stolen online.
Santander IT infrastructure cloud migration grows as digital move accelerates
Banco Santander claims its digital transformation is ‘ahead of plan’ after it revealed more than 60% of its global IT infrastructure has already migrated to the cloud.
ESMA report underlines need to bolster EMIR data quality
A European Securities and Markets Authority (ESMA) report has found improvements are needed to improve European Markets Infrastructure Regulations (EMIR) data quality.
UK Chancellor examines case for new ‘Britcoin’ digital currency
UK Chancellor of the Exchequer Rishi Sunak has told the Bank of England (BOE) to look at the case for a potential ‘Britcoin’ or central-bank-backed digital currency.
ECB consultation finds privacy is key in future digital euro
A consultation conducted by the European Central Bank (ECB) found privacy would be valued most in consideration of a potential future digital euro.
