Finextra

APRIL 22, 2024

The Bank for International Settlements together with seven central banks is embarking on a major project to explore tokenisation of cross-border payments.

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Central Bank Cross-Border Payments Cross-Border Settlement 145

The Fintech Times

DECEMBER 23, 2024

The Administrative Council for Economic Defense (CADE) and the Central Bank of Brazil (BCB) have officially approved PayRetailers , the payments processor in Latin America and Africa, to acquire Transfeera , a fintech focused on payment solutions for businesses.

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Central Bank Best Practices Risk Management Payments Institute 59

Fintech News

OCTOBER 23, 2024

Australia has unveiled a three-year initiative to explore the potential of central bank digital currencies (CBDCs) with a focus on wholesale CBDC opportunities, industry outreach and regulatory improvements, Brad Jones, Assistant Governor (Financial System) at the Reserve Bank of Australia (RBA), told the audience at an industry event in September.

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Central Bank CBDC Settlement Treasury 130

The Fintech Times

JANUARY 11, 2025

HyperPay , a payment gateway operating in the Middle East and Northern Africa (MENA), has secured a digital payment licence from the Saudi Central Bank (SAMA). The post HyperPay Secures Licence From Saudi Central Bank, in Aim to Support Regional Digital Transformation appeared first on The Fintech Times.

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Central Bank Security Payment Gateways Financial Inclusion 64

Fintech News

OCTOBER 23, 2024

Central banks and instant payment system (IPS) operators from India, Malaysia, the Philippines, Singapore, and Thailand will collaborate with BISIH to move towards live implementation. The BIS Innovation Hub (BISIH) Singapore Centre has announced the next phase of Project Nexus , aimed at making instant cross-border payments a reality.

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Central Bank ISO 20022 Cross-Border Payments Cross-Border 127

Finextra

MAY 14, 2024

The Eurosystem has begun the first of a series of trials to test the use of ditributed ledger technology (DLT) for the settlement of wholesale transactions in central bank money.

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Central Bank Settlement Transactions Technology 144

Finextra

NOVEMBER 5, 2024

The five central bank partners in Project Nexus, a Bank for International Settlements initiative to interlink domestic real-time payment rails across borders, are to establish a managing entity, the Nexus Scheme Organisation (NSO), which will oversee the project in its live implementation stages, in Singapore.

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Central Bank Real Time Payments Settlement Payments 134

The Fintech Times

APRIL 7, 2025

Pix, the popular payment method in Brazil run by the Central Bank of Brazil , is having its payment capabilities expanded upon as the central bank has announced a myriad of new features, including instalment payments. As a result, it is launching a new 100 per cent digital, self-service dispute offering.

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Central Bank Payer Security Disputes 52

Fintech News

NOVEMBER 3, 2024

The Bank for International Settlements ( BIS ) Innovation Hub announced that it has “graduated out” of Project mBridge. Project mBridge is a major cross-border payments initiative designed to leverage wholesale central bank digital currencies (CBDCs).

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Cross-Border Cross-Border Payments Central Bank Settlement 121

Finextra

NOVEMBER 28, 2024

Hackers have breached the Central Bank of Uganda's firewalls and stolen $17 million from Treasury accounts.

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Central Bank Treasury Breach Accounts 119

Finextra

JUNE 25, 2024

Central banks should embrace artificial intelligence to sharpen their analytical tools in pursuit of financial and price stability, according to the Bank for International Settlements.

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Central Bank Settlement AI 122

Finextra

APRIL 8, 2024

The European Central Bank has put together a host of participants for exploratory work on the use of distributed ledger technology to settle wholesale transactions in central bank money.

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Central Bank Settlement Participant Transactions 126

Fintech News

AUGUST 27, 2024

The State Bank of Vietnam (SBV) has recently alerted the public about a series of phishing scams involving imposters posing as the central bank. Featured image credit: Edited from Freepik The post Vietnam Central Bank Warns of Phishing Emails Requesting Biometric Data appeared first on Fintech Singapore.

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Fintech News

JULY 15, 2024

Bank Indonesia (BI) and the Bank of Korea (BoK) have signed a memorandum of understanding (MOU) on cross-border payments. This MOU follows the 2022 bilateral cooperation agreement on central banking and was signed by BI Governor Perry Warjiyo and BoK Governor Rhee Chang Yong.

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Cross-Border Payments Cross-Border Central Bank Interoperability 119

The Fintech Times

FEBRUARY 26, 2024

As of December 2023, 130 countries, representing 98 per cent of global GDP, were exploring central bank digital currencies (CBDCs) according to the Atlantic Council ‘s CBDC tracker. “The Federal Reserve , Bank of Canada , and Bank of England are studying CBDCs, and there are challenges in each country.

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Cross-Border Payments Cross-Border Digital Currency Central Bank 145

Fintech Finance

MARCH 20, 2025

Trustly , the global leader in Pay by Bank solutions, has announced that it will now support RIX INST, the instant settlement system of Sveriges Riksbank , the Swedish Central Bank, solidifying Trustlys leading position in instant payouts.

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Central Bank Settlement Payments API 52

Fintech Finance

MARCH 20, 2025

Telr , an award-winning leader in digital payments across MENA, has secured a Retail Payment Services License (RPS) by the Central Bank of the UAE, marking a transformative milestone in its mission to drive financial innovation and seamless digital transactions.

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Central Bank Retail Payments Payment APIs and Integration Payment Gateways 57

Neopay

APRIL 10, 2025

On 8 April 2025, the Bank of Lithuania imposed a 3.5 million penalty on Revolut Bank UAB the largest penalty ever for the neobank for the deficiencies in its financial crime prevention system. The post Another Revolut Fine This Time from the Central Bank of Lithuania appeared first on Neopay.

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Central Bank Money Laundering AML Financial Crimes 52

The Fintech Times

MAY 13, 2025

NymCard , the embedded finance platform for the MENA region, has secured the necessary licenses to provide open finance services under the Central Bank of the UAEs Open Finance regulation. The post NymCard Secures Open Finance Licence From UAE Central Bank appeared first on The Fintech Times.

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Central Bank Finance Security Embedded Finance 45

The Fintech Times

JANUARY 6, 2024

The European Central Bank (ECB) has revealed plans to carry out cyber resilience stress tests on 109 of the banks it directly supervises in 2024, to assess how they both respond to and recover from a cyberattack. Instead, in the stress test scenario, a cyberattack succeeds in disrupting a bank’s daily business operations.

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Central Bank Assessments Procedures Laws 141

Fintech News

APRIL 3, 2024

The Bank for International Settlements (BIS) , in concert with seven prominent central banks, has embarked on an exploratory project known as Project Agorá aiming to modernise international monetary transactions. Being a member of the IIF is not a requirement to participate.

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Cross-Border Payments Cross-Border Central Bank Federal Reserve 126

The Fintech Times

DECEMBER 3, 2024

In November 2023, the European Central Bank (ECB) began the preparation phase of a digital euro. The post European Central Bank Lays Foundations for Potential Issuance of Digital Euro in New Progress Report appeared first on The Fintech Times. It will also explore other innovative use cases for a digital euro.

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Central Bank Participant Procedures Risk Management 59

Fintech News

OCTOBER 28, 2024

The Bank for International Settlements (BIS) and a group of central banks have successfully completed Project Mandala demonstrating automated compliance for cross-border transactions.

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Cross-Border Compliance Cross-Border Payments Automation 127

Finextra

APRIL 17, 2025

The five central bank partners in Project Nexus, a Bank for International Settlements initiative to interlink domestic real-time payment rails across borders, have commenced a procurement execercise to appoint a technical network operator.

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Central Bank Cross-Border Payments Cross-Border Payment Networks 107

Finextra

JANUARY 20, 2025

Sweden's central bank is calling on banks to join in the ongoing work to enable instant cross-currency payments within Europe via the Target Instant Payment Settlement (Tips) system.

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Central Bank Instant Payments Settlement Payments 114

Open Banking Excellence

FEBRUARY 6, 2025

The ISAA is a joint collaboration between the Armenian government and the central bank, and our target is to integrate identity and payments into one wallet so citizens can easily complete transactions where they need to pay and prove their identity at the same time. We dont want to stop there either.

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Government Governance Interoperability Central Bank 230

Fintech Finance

MARCH 4, 2025

Cross-border payments company, Currenxie , today announced it has been granted authorisation as an Electronic Money Institution (EMI) by the Central Bank of Ireland. Currenxie becomes the latest financial institution to receive an EMI from the Central Bank of Ireland.

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Central Bank Cross-Border Payments Cross-Border Security 52

The Fintech Times

JANUARY 6, 2025

Egyptian fintech PayMint has received final approval from the Central Bank of Egypt to launch its first ‘Meeza’ prepaid cards in partnership with Abu Dhabi Islamic Bank (ADIB). PayMint plans for the new Meeza prepaid cards to enable its customers to carry out purchases, cash withdrawals, and online shopping in Egypt.

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Financial Inclusion Central Bank PCI DSS Online and Mobile Banking 59

NFCW

MARCH 19, 2025

NFC PAYMENT: Bank Indonesia governor Perry Warjiyo launching the new service at Bundaran HI Station Indonesia’s central bank has added support for NFC payments to the country’s QRIS national QR mobile payments platform.

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Mobile Payments Alternative Payment Methods Central Bank Payments 106

NFCW

APRIL 11, 2024

The Bank of China is conducting a pilot in the city of Shenzhen of a new service that makes it possible for merchants to accept contactless digital currency payments on standard NFC mobile phones. “Getting and opening an e-yuan hardware wallet is easy and can be made anonymously. .

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Digital Currency Central Bank CBDC Contactless Payments 126

Fintech News

DECEMBER 4, 2024

The programme will leverage Crypto.com’s recently acquired Payment Service Provider license from the Central Bank of Bahrain. The collaboration will support the introduction of a new crypto-linked card programme, starting in Bahrain with plans to expand across the Gulf Cooperation Council (GCC) region.

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Visa Central Bank APACS Debit Card 118

Fintech News

APRIL 2, 2025

A consortium of central banks has formally established Nexus Global Payments (NGP) in Singapore to manage a new multilateral cross-border payment system. The founding members are the Reserve Bank of India, Bank Negara Malaysia, Bangko Sentral ng Pilipinas, the Monetary Authority of Singapore (MAS), and the Bank of Thailand.

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Global Payments Cross-Border Payments Central Bank Cross-Border 105

Fintech News

SEPTEMBER 23, 2024

The post Five Applicants Officially Submit Bids for Thai Virtual Bank Licenses, Says Central Bank appeared first on Fintech Singapore. Featured image: Somchai Lertlarpwasin, Assistant Governor of the Financial Institutions Policy Group at BOT.

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Central Bank Bots Caps Assessments 115

Finextra

APRIL 9, 2025

million by the central bank of Lithuania for deficiencies in its anti-money laundering controls. Revolut has been fined 3.5

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Central Bank Money Laundering AML 89

Fintech News

NOVEMBER 5, 2024

The post Ravi Menon to Chair GFTN, Former Central Bank Governors Join Advisory Board appeared first on Fintech Singapore. Sopnendu Mohanty, MAS’s current Chief Fintech Officer, will assume the role of Group CEO on 1 February 2025.

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Central Bank Non-Bank Finance FinTech 108

Finextra

FEBRUARY 28, 2025

Ukraine's central bank says that Revolut does not have a licence to operate in the country despite the London-based fintech's announcement earlier this month that residents can now open accounts.

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Central Bank Accounts FinTech 89

Fintech Finance

DECEMBER 12, 2024

Mastercard, in collaboration with the Central Bank of Egypt (CBE) and Egyptian Banks Company (EBC), brings Apple Pay to users in Egypt, providing a safer, more secure and private way to pay in-store, in-app and online. Apple pay empowers consumers with a safer, more convenient way to pay, whether in-store or online.

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Visa Central Bank Debit Card Encryption 98