Fintech News

NOVEMBER 21, 2024

Additionally, the RBI is collaborating with central banks across Southeast Asia to create a platform enabling instant cross-border transactions, aligning with the region’s push for financial integration. India’s initiatives are also closely tied to its exploration of central bank digital currencies (CBDCs).

Cross-Border Payments 145

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

Central Bank 59

Central Bank Best Practices Risk Management Payments Institute 59

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.

Central Bank 144

Central Bank Settlement Transactions Technology 144

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.

Central Bank 129

Central Bank CBDC Settlement Treasury 129

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.

Central Bank 64

Central Bank Security Payment Gateways Financial Inclusion 64

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.

Central Bank 126

Central Bank Settlement Participant Transactions 126

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.

Central Bank 126

Central Bank ISO 20022 Cross-Border Payments Cross-Border 126

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.

Central Bank 134

Central Bank Real Time Payments Settlement Payments 134

Finextra

NOVEMBER 28, 2024

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

Central Bank 119

Central Bank Treasury Breach Accounts 119

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).

Cross-Border 120

Cross-Border Cross-Border Payments Central Bank Settlement 120

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.

Central Bank 122

Central Bank Settlement AI 122

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.

Cross-Border Payments 124

Cross-Border Payments Cross-Border Central Bank Federal Reserve 124

Finextra

MARCH 14, 2024

Even as cash usage continues to fall in Sweden, legislation is needed to ensure that people can pay with notes and coins, says the central bank governor.

Central Bank 127

Central Bank Continuity 127

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.

Phishing 117

Phishing Central Bank Scams Addressing 117

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.

Cross-Border Payments 117

Cross-Border Payments Cross-Border Central Bank Interoperability 117

Finextra

MARCH 19, 2024

The Bank for International Settlements has completed proof-of-concept testing of Project Gaia, an initiative conducted in concert with three central banks to explore the use of natural language processing, optical character recognition and machine learning to extract climate-related data from corporate reports.

Central Bank 123

Central Bank Risk Settlement Process 123

Fintech Finance

SEPTEMBER 10, 2024

Accenture (NYSE: ACN) announced that it has invested in EMTECH , a global financial technology company that provides software-as-a-service platforms to help central banks streamline, connect and modernize their processes and operations. Terms of the investment were not disclosed.

Central Bank 98

Central Bank Digital Currency CBDC Financial Inclusion 98

Fintech News

APRIL 24, 2024

Despite recent discussions with Indonesian officials, including a meeting with the country’s communications minister, a formal request to operate Alipay+ within Indonesia has yet to be submitted to the central bank.

Central Bank 112

Central Bank Cross-Border Cross-Border Payments Consulting 112

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. .

Digital Currency 128

Digital Currency Central Bank CBDC Contactless Payments 128

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.

Central Bank 59

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.

Cross-Border 126

Cross-Border Compliance Cross-Border Payments Automation 126

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.

Government 230

Government Governance Interoperability Central Bank 230

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.

Central Bank 114

Central Bank Instant Payments Settlement Payments 114

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.

Financial Inclusion 59

Financial Inclusion Central Bank PCI DSS Online and Mobile Banking 59

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.

Central Bank 89

Central Bank Accounts FinTech 89

Fintech News

MAY 21, 2024

The post Singapore and China Central Banks Bolster Green Finance Cooperation appeared first on Fintech Singapore.

Central Bank 114

Central Bank Finance Metaverse Cross-Border 114

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.

Visa 117

Visa Central Bank APACS Debit Card 117

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.

Central Bank 107

Central Bank Non-Bank Finance FinTech 107

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.

Visa 98

Visa Central Bank Debit Card Encryption 98

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.

Central Bank 112

Central Bank Bots Caps Assessments 112

Fintech News

DECEMBER 5, 2024

Thai regulators approved the first cross-border payment solution using stablecoins in October, while the Philippine central bank launched a peso stablecoin pilot earlier this year. Stablecoins Gaining Regulatory Traction in Southeast Asia Thailand and the Philippines have already demonstrated regulatory openness to stablecoins.

Stablecoins 135

Stablecoins Cross-Border Payments Cross-Border Blockchain 135

Payments Dive

AUGUST 29, 2022

The nation’s biggest bank and bank trade groups stressed the risks of creating a central bank digital currency in comments to the Fed, and largely rejected the idea that a digital dollar would accomplish stated goals.

CBDC 213

CBDC Fed Digital Currency Central Bank 213

Fintech Finance

JANUARY 7, 2025

Paysafe (NYSE: PSFE), a global payments platform, today announced that it has received approval from the Central Bank of Brazil (BCB) for a payment institution (PI) license for the countrys launch of its regulated online sports-betting and gambling market.

Alternative Payment Methods 98

Alternative Payment Methods Payments Payments Institute Central Bank 98

Payments Dive

SEPTEMBER 25, 2023

The House Financial Services Committee advanced a bill last week that would block the creation of a central bank digital currency.

CBDC 193

CBDC Digital Currency Central Bank Blocks 193

Finextra

SEPTEMBER 16, 2024

Sweden's Riksbank is threatening banks with the propect of regulation to ensure business access to cash services.

Central Bank 119

Central Bank Regulations 119

Payments Dive

SEPTEMBER 18, 2023

currency, but it wouldn’t be the same as a central bank digital currency. The proposed digital dollar would create an electronic version of the U.S.

Digital Currency 187

Digital Currency Central Bank 187

Finextra

OCTOBER 28, 2024

The Governor of the Bank of England, Andrew Bailey has re-affirmed his support for a retail central bank digital currency, arguing that central banks are the "only game in town" as commercial banks lack the incentive to push for innovation.

Innovation 145

Innovation CBDC Central Bank Digital Currency 145