Remove Governance Remove Government Remove Regulations
article thumbnail

Industry Reacts as UK Government Commits Over £100Million To AI Advancement

The Fintech Times

The UK government has set over £100million aside for researching and developing Artificial Intelligence (AI) technology, and to support regulation in the space. The government has also pledged £10million to prepare and upskill regulators to address and make the most of the opportunities presented by AI.

article thumbnail

Opt Out: Wise Calls for Government Action to End Hidden Fees Impacting UK SMBs

The Fintech Times

Moreover, existing regulations inadequately address the issue, with a corporate opt-out loophole enabling banks to conceal fees within exchange rates, resulting in considerable financial detriment to SMBs. This needs to end now, and the Government can do so without costing the taxpayer a penny. Sign the petition now.”

article thumbnail

German Government Selects Secupay and Episode Six Technology to Deliver Government Disbursements

Fintech Finance

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.

article thumbnail

US and UK sign agreement to regulate AI models

Finextra

The governments of the UK and US have signed what they claim is the first international bilateral agreement to regulate the risks of artificial intelligence (AI) models.

article thumbnail

Is Brazil the next big thing in fintech?

Payments Dive

Spurred on by rapid change in government regulations and millions of underserved consumers in the finanical space, Brazil may be on the verge of becoming a major player in the global fintech space.

FinTech 197
article thumbnail

Roadmap to Success or Failure: FCA Announces Crypto Regulation Route

The Fintech Times

While the FCA still warns that consumers who invest in cryptoassets ‘should be prepared’ to lose all of their money, due to the continuing volatility and lack of regulation surrounding the industry, consumers appear undeterred. In fact, the FCA noted a rise in the average value of crypto held by people from £1,595 to £1,842.

article thumbnail

Buy Now, Pay Later to Be Regulated Like Other Credit Products in Australia

Fintech News

Australia will introduce new legislation to amend the Credit Act, requiring Buy Now, Pay Later (BNPL) providers to hold an Australian credit license and comply with existing credit laws regulated by the Australian Securities and Investments Commission (ASIC). If it looks and acts like credit, then it should be regulated as such.