PYMNTS

DECEMBER 28, 2020

Digital currencies could render the SWIFT global payments network unnecessary, RT.com reported, citing the Central Bank of Russia (CBR). Olga Skorobogatova, first deputy governor of the CBR, said 30 countries are working on their own national digital currencies, some of which could launch in five to seven years.

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Central Bank SWIFT Digital Currency CBDC 142

The Fintech Times

NOVEMBER 16, 2024

Fintech is playing a pivotal role in the economic growth of Armenia, Azerbaijan, and Georgia. With advancements in payment systems, blockchain exploration, and digital currencies, these nations are harnessing technology to transform their financial landscapes and drive future development.

FinTech 69

FinTech Central Bank Financial Literacy Online and Mobile Banking 69

PYMNTS

NOVEMBER 27, 2019

The First Deputy Governor of the central bank of France, Denis Beau, spoke in support of a blockchain-based settlement system that would allow for faster transfers of euros, as well as be more cost-efficient, according to a report by Yahoo! The ECB has been open to the idea, and could already be experimenting. “We,

Digital Currency 94

Digital Currency Central Bank Distributed Ledger Technology (DLT) CBDC 94

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 131

Fintech Review

NOVEMBER 20, 2024

In this exclusive Fintech Review interview, Adam Swartzbaugh, CEO of Almond FinTech , discusses transformative cross-border payment technology. How does Almond FinTech ’s proprietary technology enhance the speed and transparency of cross-border transactions for financial institutions? Let’s dive in.

Cross-Border Payments 115

Cross-Border Payments Cross-Border Multi-Currency FinTech 115

Fintech Finance

NOVEMBER 21, 2024

Digital currency systems could prove to be key in improving financial inclusion and opening up new opportunities to large underbanked communities in many African countries. The UDPN aims to drive down payment and foreign exchange costs whilst accelerating the uptake of regulated digital currencies.

Payment Networks 98

Payment Networks Digital Payments Digital Currency Innovation 98

The Fintech Times

MAY 29, 2024

This month, The Fintech Times is focusing on the world of digital assets. The idea that digital assets are exclusively some form of currency has been slowly dispelled, as new use cases emerge and are rapidly adopted across the globe. But digital currencies are far from irrelevant.

Digital Currency 111

Digital Currency CBDC Cross-Border Payments Cross-Border 111

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

NOVEMBER 3, 2024

Access to a common settlement facility is also being facilitated through the SGD Testnet, featuring S$ wholesale central bank digital currency (CBDC) for market testing.

CBDC 119

CBDC Settlement Digital Currency Cross-Border 119

Fintech News

MARCH 17, 2025

Fintech is transforming financial services across Asia at an unprecedented pace. With rapid digital adoption, evolving regulations, and AI-driven innovations, the region is at the forefront of global fintech growth. The Asia-Pacific fintech market is projected to reach USD $171.32 billion in 2025 and surge to USD $359.83

FinTech 89

FinTech Cybersecurity AI Financial Inclusion 89

Fintech News

NOVEMBER 12, 2024

The ninth edition of the Singapore Fintech Festival (SFF) wrapped up on 8th November, concluding a dynamic week-long of celebration of fintech that brought together tens of thousands of participants from around the world. The regulatory attributes are finalized, and the central bank is now working on legislation, he said.

FinTech 109

FinTech Cross-Border Payments Cross-Border Payment APIs and Integration 109

PYMNTS

JANUARY 6, 2021

In Mexico, the pandemic is moving the needle toward digital payments — specifically mobile payments — to become more widely embraced by businesses and consumers alike. Central banks around the globe are in the process of actively developing, or at least mulling, the issuance of digital fiat, directly into digital wallets (the U.S.

Central Bank 145

Central Bank Financial Inclusion Wire Transfer Payments 145

Fintech News

DECEMBER 11, 2023

Cambodia is implementing new initiatives to expand payment options for tourists by cementing blockchain-based central bank digital currency (CBDC) partnerships. The National Bank of Cambodia (NBC) has been instrumental in facilitating these digital currency evolutions.

Digital Currency 109

Digital Currency Blockchain CBDC Central Bank 109

PYMNTS

OCTOBER 9, 2020

In terms of collaboration, as noted in this space, the Federal Reserve is working in collaboration with seven other central banks and the Bank for International Settlements (BIS) to bring together a framework that would smooth the path to digital currency issuance. euros (at least at present).

Digital Currency 70

Digital Currency Central Bank CBDC Federal Reserve 70

Payments Source

JANUARY 5, 2021

And there's still no sign of a central bank digital currency, leaving the U.S. Several government agencies have made deeper moves into crypto oversight, leaving a trail of angry executives and unresolved political questions. at risk of falling behind other countries in the race to support faster payment processing.

Fincen 154

Fincen OCC Digital Currency Central Bank 154

Fintech News

JANUARY 9, 2025

Indonesia has reached a significant milestone in its journey toward exploring the potential of Central Bank Digital Currencies (CBDCs) with the completion of the Proof of Concept (PoC) for the wholesale Digital Rupiah under the auspices of Bank Indonesias Project Garuda.

Distributed Ledger Technology (DLT) 127

Distributed Ledger Technology (DLT) Multi-Currency Interoperability ISO 20022 127

The Fintech Times

FEBRUARY 4, 2025

Senegal is one of many countries across the Middle East and Africa trying to diversify its economy and future-proof itself by hosting financial inclusion by employing fintech solutions. Despite this digital advancement, only seven per cent of the population utilises traditional financial services.

FinTech 59

FinTech Financial Inclusion Online and Mobile Banking Central Bank 59

The Payments Association

JUNE 3, 2025

Tony: Lets pivot to digital currencies. Some private banks are starting to include crypto in their model portfolios. Others are looking at how digital assets might plug into existing systems, particularly in wealth management. That said, I think the real leap will come from central bank digital currencies.

Digital Currency 88

Digital Currency Payments AI Compliance 88

PYMNTS

JANUARY 20, 2020

Add Australia to the list of countries with central banks looking to bring fiat currencies into the digital realm — with some conditions attached. A CBDC would be denominated in the sovereign currency, and convertible at par with other forms of money.”. . … The language is interesting — and noteworthy.

Digital Currency 87

Digital Currency CBDC Retail Payments Central Bank 87

Fintech News

JANUARY 21, 2025

Southeast Asia is on the brink of a rapid expansion in open banking, with financial institutions leveraging open banking to enhance customer experiences, and fintech companies utilizing application programming interfaces (APIs) to revolutionising payments, lending, and more. appeared first on Fintech Singapore.

Payment APIs and Integration 109

Payment APIs and Integration Finance Cross-Border API 109

Payments Source

JULY 1, 2019

The Bank for International Settlements is setting up shop to help officials who may need to speed up developing their own digital currency.

Central Bank 95

Central Bank Digital Currency Settlement FinTech 95

The Fintech Times

JUNE 11, 2024

There’s just two days to go before this year’s flagship conference at Fintech Week London with stellar speakers set to share their insights, including London’s deputy mayor for business Howard Dawber and MP Lord Chris Holmes.

FinTech 116

FinTech Digital Currency Central Bank Finance 116

The Fintech Times

NOVEMBER 4, 2024

” Sing Chiong addressed an audience at the inaugural Layer One Summit, which preceded Singapore FinTech Festival 2024 , and explained that, in order for tokenisation to scale and achieve industry-wide adoption, tokenised activity must span across assets, key currencies, and networks. Since then, BNY , Citi, J.P.

Authorization 83

Authorization CBDC Multi-Currency Settlement 83

The Fintech Times

SEPTEMBER 11, 2024

Central bank digital currencies (CBDCs) have a lot of potential to uproot the cross-border payments market. The latest move by the National Bank of Ras Al Khaimah (RAKBANK) highlights this. Project mBridge is an initiative aimed at addressing inefficiencies in cross-border payments.

CBDC 126

CBDC Cross-Border Payments Transactions Cross-Border 126

Fintech News

MARCH 24, 2025

In Singapore, the central bank strengthened in 2024 the Payment Services Act (PSA), introducing more stringent requirements for crypto service providers relating to AML/CFT, user protection and financial stability on service providers. million out of 560 million crypto owners worldwide.

APACS 92

APACS Verification Fraud Detection Money Laundering 92

Fintech News

FEBRUARY 2, 2025

In January 2025, the Swiss Financial Innovation Desk (FIND) announced the release of Pathway 2035 for Financial Innovation Your Navigator , a guide designed to steer financial and fintech leaders toward a resilient future. Panel and Organising Committee of the Event ReDesigning Financial Innovation.

Innovation 132

Innovation Finance AI Encryption 132

Fintech News

JANUARY 9, 2024

The fintech landscape in the Asia Pacific (APAC) region has been evolving at a remarkable pace, with start-ups and established companies redefining how financial services are delivered and consumed. Today, we will explore five top fintech trends in the APAC region for 2024, supported by statistics and insightful information.

APACS 112

APACS FinTech Digital Currency Blockchain 112

PYMNTS

SEPTEMBER 2, 2019

The People’s Bank of China (PBoC) is looking toward new technologies to keep a closer eye on the nation’s FinTech , blockchain and digital lending markets. Yet onlookers have noted that PBoC has been working diligently toward its own FinTech growth.

Central Bank 77

Central Bank FinTech Digital Currency Bitcoin 77

The Fintech Times

NOVEMBER 8, 2024

The post UBS Successfully Pilots Blockchain-based Payment Solution for Cross-Border Transactions appeared first on The Fintech Times. The post UBS Successfully Pilots Blockchain-based Payment Solution for Cross-Border Transactions appeared first on The Fintech Times.

Cross-Border 59

Cross-Border Cross-Border Payments Payment Solutions Blockchain 59

The Paypers

JUNE 18, 2021

The ASEAN Financial Innovation Network (AFIN) has launched a digital currency sandbox so that banks and fintechs can experiment with central bank digital currency applications.

Digital Currency 64

Digital Currency Innovation Central Bank FinTech 64

Fintech News

DECEMBER 10, 2023

The Reserve Bank of India (RBI) has initiated discussions with the Hong Kong Monetary Authority (HKMA) , the US Federal Reserve, and the international payment platform SWIFT to explore the use of central bank digital currencies (CBDCs) for cross-border payments.

Cross-Border Payments 125

Cross-Border Payments Cross-Border SWIFT Fed 125

Payments Source

DECEMBER 13, 2020

From brokering insurance contracts to financial settlements, smart contracts could bring immense innovation to CBDCs that otherwise would act as little more than an augmented medium of exchange, says Cypherium's Sky Guo.

Central Bank 133

Central Bank Innovation Settlement Federal Reserve 133

The Fintech Times

FEBRUARY 17, 2025

Bill Winters, group chief executive, Standard Chartered Bill Winters , group chief executive, Standard Chartered , said: Digital assets are here to stay and the development of different forms of tokenised money is integral to the advancement of this industry.

Stablecoins 104

Stablecoins Issuers Use Case Cross-Border Payments 104

PYMNTS

SEPTEMBER 17, 2020

The race to develop central bank digital currencies (CBDCs) is underway, but it seems the Reserve Bank of Australia may not be in the running. 17), Australia’s central bank has viewed the issuance of such digital coinage with caution, and even a bit of skepticism.

Central Bank 72

Central Bank CBDC Digital Currency Federal Reserve 72

PYMNTS

JUNE 15, 2020

Korea’s central bank has rolled out a legal advisory group to look at potential challenges to bring a central bank digital currency (CBDC) to fruition, The Korea Times reported. The panel’s start is a portion of the first stage for the Bank of Korea’s (BOK) plan to create a CBDC.

Digital Currency 64

Digital Currency Legal Cryptocurrency CBDC 64

Fintech News

SEPTEMBER 11, 2024

Initially, these will use fiat currencies, but Swift plans to eventually integrate tokenised forms of money such as central bank digital currencies (CBDCs) and stablecoins. Swift is also addressing the growing fragmentation in the digital asset ecosystem.

SWIFT 145

SWIFT Multi-Currency CBDC Interoperability 145

PYMNTS

NOVEMBER 2, 2020

People’s Bank of China (PBOC) Governor Yi Gang said the pilot program for digital yuan has gone well, with over 2 billion yuan ($299 million) used in over 4 million transactions, Bloomberg reported. Yi, speaking at Hong Kong FinTech Week on Monday (Nov. The trial was rolled out in four cities earlier this year.

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Transactions Digital Currency Process Central Bank 116