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Thailand Govt Eyes Blockchain To Track Taxes

PYMNTS

As the saying goes, nothing in life is certain but death and taxes. To be certain of taxes, will blockchain seal the deal? Last week, Thailand’s Revenue Department was reported to be bringing blockchain projects into the fold to track tax payments, aided by machine learning.

Taxes 141
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IMF’s Lagarde Calls Out FinTech As Industry Disruptors

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Reuters reported Lagarde said that technology companies’ use of big data and AI i ncreases big tech companies’ dominance in the mobile payments market, which could result in policymakers around the world rethinking how they regulate the banking system and how they ensure financial settlements are made safely and securely. “A

Industry 190
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Wirecard Partners With India To Create Digital Taxpayer ID Cards

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Wirecard, the global digital financial technology company, announced on Wednesday (May 22) that it has partnered with India’s government-owned UTI Infrastructure Technology and Services Limited (UTIITSL) to facilitate the issuing of physical and digital taxpayer identification cards.

Cards 122
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Top News In Payments: House Committee Holds RTP Hearing; DoorDash Reveals May Data Breach

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House Committee on Financial Services Task Force on Financial Technology held a hearing to talk about the FedNow development and its U.S. House Committee on Financial Services Task Force on Financial Technology held a hearing to talk about the development of FedNow and its U.S. Trending: Close But No Cigar?

Data 122
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SMBs Struggle Amid MyPayrollHR Fraud Inquiry

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Now, small business owners are struggling to make up thousands of dollars in tax payments that vanished or are in limbo , Chicago’s Daily Herald reported Tuesday (Oct. Client letters seen by the Daily Herald showed that taxes for employee paychecks dated between Aug. 28 and Sept. 4 were frozen by Cloud Payroll’s bank, Pioneer Bank.

Fraud 102
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UK Financial Watchdog Says Wirecard Cooperative But Assets To Stay Frozen 

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The report said firms such as Pockit, the London-based financial technology company that offers an alternative to traditional banks, and U Account, the Sheffield, England digital bank, a subsidiary of subprime lender Morses Club PLC that provides finance to poorer clients, are among those hardest hit. authorities.

Taxes 223
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Cryptos, Blockchain Listed Among SEC Priorities In 2020

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8), the Securities and Exchange Commission ’s (SEC’s) Office of Compliance and Examinations (OCIE) offered up a list of its priorities for the year that has just dawned. In addition, there will be examination of transfer agents (which help to settle transactions) that are developing blockchain technology.