article thumbnail

Central banks embark on tokenisation project

Finextra

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

article thumbnail

Central banks must raise game in face of AI - BIS

Finextra

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.

article thumbnail

BIS: Central Banks Need to Embrace the AI Era to Stay Ahead of Financial Efficiency

Fintech News

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.

article thumbnail

ECB conducts first DLT trials for wholesale central bank money settlement

Finextra

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.

article thumbnail

ECB preps DLT trials for wholesale central bank money settlement

Finextra

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.

article thumbnail

Central banks to test FX settlement in wCBDC

Finextra

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).

article thumbnail

Retail central bank digital currency: Motivations, opportunities, and mistakes

The Payments Association

Exploring the shift to digital payments, the role of CBDCs, and the strategic implications for central banks. Read more