Government/page/3 news and trends

C3 Debuts AI-Powered Application for Government Programs
Artificial Intelligence // July 15, 2024

Artificial intelligence software company C3 AI has a new application designed for government agencies. C3 Generative AI for Government Programs uses generative AI to help federal, state and local governments inform the public about a variety of programs, according to a Monday (July 15) press...

Sovos CEO Says Government Tax Compliance Mandates Push CFOs to Modernize
Taxes // July 11, 2024

Governments around the world are using mandates to modernize and digitize all manner of activities, including how they collect taxes. To get a sense of the task at hand and its complexity, there are 19,000 taxing jurisdictions making thousands of changes, which has a ripple...

Report: Paytm Gets OK to Invest in Payments Subsidiary
Regulation // July 09, 2024

Paytm has reportedly received government approval to invest $6 million in its crucial payments subsidiary. That green light came from a government panel overseeing investments tied to China, allowing embattled Paytm to invest $6 million in Paytm Payment Services, Reuters reported Tuesday (July 7), citing sources with knowledge...

Streaming Services Face Proposed New Tax in Philippines
Streaming // June 28, 2024

Philippine lawmakers reportedly approved a bill that would tax foreign digital services, including streaming services like Netflix, HBO and Disney+. Having passed both the Senate and the House of Representatives, the bill will become law if signed by President Ferdinand Marcos Jr., Bloomberg reported Friday...

Interviews & Exclusives
Sovos CEO Says Government Tax Compliance Mandates Push CFOs to Modernize

July 11, 2024
Governments around the world are using mandates to modernize and digitize all manner of activities, including how they collect taxes. To get a sense of the task at hand and its complexity, there are 19,000 taxing jurisdictions making thousands of changes, which has a ripple effect across the entire supply chain. “The governments are telling […]

Inflation Moderates; But Consumers Pay More on Rent and Dining Out

June 12, 2024
The headline number on inflation indicates a slight cooling of the pace of rising prices, at least in May. But the data released Wednesday (June 12) by the U.S. Bureau...

Are Fireworks Ahead as CFPB Director Testifies on Capitol Hill?

June 10, 2024
Consumer Financial Protection Bureau Director Rohit Chopra is set to testify on Capitol Hill this week. He is scheduled to appear before the Senate Banking Committee Wednesday (June 12) and...

CFOs Struggle to Manage Complexities of State Tax Filings

June 05, 2024
Tax season might be over. But then again, there’s always next year. As Wendy Walker, solution principal at Sovos, told PYMNTS, the complexities of tax reporting will still demand that...

Quick Reads
US Agencies Warn Financial Institutions About Mexico-Based Timeshare Fraud Schemes

July 16, 2024
Federal agencies are warning financial institutions about timeshare fraud schemes associated with Mexico-based transnational criminal organizations. The Financial Crimes Enforcement Network (FinCEN), jointly with the Department of Treasury’s Office of Foreign Assets Control (OFAC) and the FBI, released a notice on the topic Tuesday (July 16). In addition, OFAC said Tuesday that it sanctioned three […]

C3 Debuts AI-Powered Application for Government Programs

July 15, 2024
Artificial intelligence software company C3 AI has a new application designed for government agencies. C3 Generative AI for Government Programs uses generative AI to help federal, state and local governments...

Report: Paytm Gets OK to Invest in Payments Subsidiary

July 09, 2024
Paytm has reportedly received government approval to invest $6 million in its crucial payments subsidiary. That green light came from a government panel overseeing investments tied to China, allowing embattled Paytm...

Streaming Services Face Proposed New Tax in Philippines

June 28, 2024
Philippine lawmakers reportedly approved a bill that would tax foreign digital services, including streaming services like Netflix, HBO and Disney+. Having passed both the Senate and the House of Representatives,...