Central banks embark on tokenisation project
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.
Central Bank Related Topics 
Accenture Invests in EMTECH to Modernize Central Bank Operations
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
98 
How central bank digital currencies (CBDCs) can enhance cross-border payments
The Payments Association
SEPTEMBER 16, 2024
Central bank digital currencies (CBDCs) could transform cross-border payments by reducing costs, improving efficiency, and enhancing transparency. Read more
Brazil Central Bank advances CBDC pilot programme
The Paypers
SEPTEMBER 6, 2024
Brazil's central bank (BCB) announced the selection of 13 participants for the second phase of its central bank digital currency (CBDC) initiative.
Central Bank 77
77 
Vietnam Central Bank Warns of Phishing Emails Requesting Biometric Data
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 116
116 
ECB preps DLT trials for wholesale central bank money settlement
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
126 
ECB conducts first DLT trials for wholesale central bank money settlement
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
144 
Central banks must raise game in face of AI - BIS
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
122 
Swedish central bank calls for legislation to protect cash
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
127 
Central banks explore tokenisation of cross-border payments
Finextra
APRIL 3, 2024
A collection of seven central banks are working with the Bank for International Settlements to explore tokenisation of cross-border payments.
Indonesia, South Korea Central Banks Ink Cross-Border Payments MOU
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.
Central banks to test FX settlement in wCBDC
Finextra
JUNE 4, 2024
The Bank for International Settlements (BIS) is launching Project Rialto to explore how instant cross-border payments could be improved using a modular foreign exchange component combined with settlement in wholesale central bank digital currencies (wCBDC).
Central Bank 98
98 
Russia's central bank to legalise crypto for qualified investors
The Paypers
AUGUST 27, 2024
Russia’s central bank has considered amending the law to introduce a new category of ‘qualified investors,’ which would allow them to trade crypto.
Central Bank 83
83 
Crypto.com Receives Payment Service Provider Licence from Central Bank of Bahrain
Fintech Finance
SEPTEMBER 19, 2024
Crypto.com has received full approval to provide payment service provider (PSP) services from the Central Bank of Bahrain through its subsidiary registered in the Kingdom of Bahrain under the commercial name “FORIS GFS BH B.S.C. CLOSED”, adding to the company’s significant regulatory milestones in the region.
Central Bank 104
104 
Retail central bank digital currency: Motivations, opportunities, and mistakes
The Payments Association
JUNE 14, 2024
Exploring the shift to digital payments, the role of CBDCs, and the strategic implications for central banks. Read more
Central Bank 88
88 
Central Bank of Iceland expresses interest in T2 and TIPS
The Paypers
SEPTEMBER 10, 2024
The European Central Bank (ECB) has noted the Central Bank of Iceland 's (Seðlabanki Íslands) interest regarding potential participation in T2 and TIPS.
Central Bank 68
68 
Saudi Central Bank joins mBridge for CBDC cross-border trade
The Paypers
JUNE 10, 2024
Saudi Central Bank has joined Project mBridge, collaborating with China, Thailand, Hong Kong, and UAE to test central bank digital currencies for cross-border trade and payments.
Cross-Border 90
90 
BIS: Central Banks Need to Embrace the AI Era to Stay Ahead of Financial Efficiency
Fintech News
JULY 4, 2024
As artificial intelligence (AI) rapidly transitions from a nascent development to a ubiquitous technology accelerating advancements across the financial landscape, far-reaching implications for central banks worldwide are quickly emerging.
Central Bank 101
101 
Central banks seek firms for cross-border payment project
Payments Dive
MAY 17, 2024
The Bank for International Settlements is seeking private sector participation in a smart-contract project designed by seven central banks to improve cross-border payments.
Will Central Bank Digital Currencies (CBDCs) Impact Cross-Border Payments in 2024?
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.
Saudi Central Bank Introduces New BNPL Regulatory Framework
The Fintech Times
DECEMBER 18, 2023
In response, the Saudi Central Bank (SAMA) is now taking action. The Saudi Central Bank has now issued new ‘ Rules for Regulating Buy Now Pay Later (BNPL) Companies ‘ as part of its role in supervising and controlling the BNPL companies.
Central Bank 104
104 
Central banks adopt LLMs to extract climate risk data from corporate reports
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
123 
BIS and 7 Central Banks Launch Project Agorá for Tokenised Cross-Border Payments
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.
Saudi Central Bank introduces Government banking services platform
Finextra
JULY 17, 2024
The Saudi Central Bank (SAMA) has launched “Naqd,” a government banking services platform that provides easy access for government entities to their accounts at SAMA to conduct financial transactions through a secure digital platform.
Central Bank 64
64 
Indonesia and UAE Central Banks Expand MOU on Islamic Finance, Digital Innovation
Fintech News
DECEMBER 5, 2023
The Bank Indonesia (BI) and Central Bank of the United Arab Emirates (CBUAE) have signed a Memorandum of Understanding (MOU) to enhance collaboration in various central banking sectors, including Islamic finance.
Central Bank 110
110 
Central banks ponder the risks of tokenisation
Finextra
OCTOBER 21, 2024
Tokenisation of money has many benefits, but also poses economic, legal and technical challenges that must be addressed if it is to fulfil its potential, says the Bank for International Settlements.
Central Bank 75
75 
Saudi Central Bank authorises fintechs to practice open banking
Finextra
SEPTEMBER 6, 2024
The Saudi Central Bank (SAMA) announces the authorization of “Seen Square Fintech” and “New Technology for Software Solutions” to practice open banking activities, and “Money Moon” to practice peer-to-peer financing activities, to operate under the legislative sandbox.
Central Bank 52
52 
European Central Bank set to Stress Test 109 Banks to Assess Cyberattack Response and Recovery
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.
Central Bank 141
141 
Central Bank builds 60 data-driven insight tools
Bank Automation
APRIL 1, 2024
based Central Bank is looking to data analytics and AI to provide customers with insights about their financial health and increase overall engagement. “We We have 7 million mobile banking logins a month on our platform, but the average time on the app is less than a minute,” Daniel Westhues, executive vice president of […]
Central Bank 78
78 
Visa and Mastercard Sue Costa Rica’s Central Bank Over Fee Caps
The Nilson Report
OCTOBER 7, 2024
The post Visa and Mastercard Sue Costa Rica’s Central Bank Over Fee Caps appeared first on Nilson Report.
Central Bank 52
52 
BIS: AI’s Double-Edged Sword: Opportunities and Risks for Central Banks
The Fintech Times
JUNE 26, 2024
Artificial intelligence (AI) is transforming industries across the globe, and central banks are no exception. According to a new report by the Bank for International Settlements (BIS) , central banks must embrace AI to harness its full potential and anticipate its far-reaching impacts on the economy and financial systems.
Central Bank 59
59 
Central Bank of Iceland examines feasibility of joining Europe's T2 RTGS and Tips settlement engine
Finextra
SEPTEMBER 9, 2024
The European Central Bank (ECB) welcomes the decision by Seðlabanki Íslands (Central Bank of Iceland) to begin a feasibility assessment to explore the possibility of joining the Eurosystem’s T2 real-time gross settlement system and its TARGET Instant Payment Settlement (TIPS) retail payment system.
Central Bank 59
59 
UAE central bank issures open finance regulation
Finextra
JULY 2, 2024
The Central Bank of the UAE (CBUAE) has issued the Open Finance Regulation to ensure the soundness and efficiency of open finance services, encourage innovation, enhance competitiveness, achieve consumers’ interests and reinforce the UAE’s status as a leading financial technology hub.
Central Bank 52
52 
Visa’s digital dollar concept opens a door to central bank currencies
Payments Source
MAY 18, 2020
Patent office published a Visa patent application to create a technology gateway that could allow central bank currencies for any nation to be digitized.
Central Bank 218
218 
Tess Payments gains PSP licence from Qatar Central Bank
Finextra
AUGUST 5, 2024
Akurateco, a global payment software provider, announces that its Qatari partner, TESS Payments, has successfully secured a PSP License from Qatar Central Bank.
Central Bank 52
52 
No Formal Permit Application for Alipay+ to Operate in Indonesia, Says Central Bank
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 110
110 
Eurosystem Completes First of Many Experiments To Test DLT Central Bank Money Settlements
The Fintech Times
MAY 18, 2024
Eurosystem , the monetary authority of the eurozone, has been exploring the possible use cases of distributed ledger technology (DLT) to conduct wholesale settlement in central bank money. Initially, 16 private companies will conduct trials involving actual settlement in central bank money.
Central Bank 75
75 
UAE’s Central Bank Sets New Standards with Open Finance Regulation
The Fintech Times
JUNE 30, 2024
The Central Bank of the UAE (CBUAE) has issued the Open Finance Regulation, a significant component of its financial infrastructure transformation programme. The post UAE’s Central Bank Sets New Standards with Open Finance Regulation appeared first on The Fintech Times.
Central Bank 72
72 
Indian central bank tightening consumer loans curb to impact startups
TechCrunch Fintech
NOVEMBER 16, 2023
India’s central bank has enforced several measures to cool down high growth in consumer credit in a move that will impact consumer spending and many startups in the South Asian market, industry executives said.
Central Bank 99
99 
Five Applicants Officially Submit Bids for Thai Virtual Bank Licenses, Says Central Bank
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 108
108 
US sanctions firms for providing tech to Central Bank of Iran
Finextra
FEBRUARY 15, 2024
The United States has imposed sanctions on several companies and individuals for smuggling technology to the Central Bank of Iran (CBI).
Central Bank 96
96 
Mastercard Leads New Central Bank Digital Currency Test Platform
PYMNTS
SEPTEMBER 9, 2020
Mastercard has announced a new virtual testing platform for Central Bank Digital Currencies (CBDCs). The testing tool comes as the global economy embraces digital payments and central banks investigate how to support innovation while maintaining financial stability as they issue the currency. In a Wednesday (Sept.
Central Bank 132
132 
Central Bank Of Russia: Electronic Money Could Render SWIFT Obsolete
PYMNTS
DECEMBER 28, 2020
Digital currencies could render the SWIFT global payments network unnecessary, RT.com reported, citing the Central Bank of Russia (CBR). The central bank also said the digital ruble would facilitate international payments and reduce the pressure on current payment systems.
Central Bank 142
142 
BME joins ECB trials for DLT in central bank money settlement
Finextra
JUNE 27, 2024
BME, through Iberclear, has been admitted to the Eurosystem's exploratory work as a DLT market operator to conduct experiments on new technologies applicable to the settlement of wholesale operations in central bank money.
Central Bank 59
59 
Let's personalize your content