PYMNTS

DECEMBER 18, 2020

In other CBDC efforts, as reported in the fall , China’s central bank issued 10 million yuan ($1.5 Such central bank efforts toward CBDC might soon get a helping hand. This week, FinTech EMTECH said it’s launching a compliance platform in collaboration with Microsoft to help central banks test their respective CBDCs.

Digital Currency 142

Digital Currency Central Bank CBDC Fed 142

The Paypers

SEPTEMBER 1, 2023

India-based YES BANK has gone live with Unified Payments Interface (UPI) interoperability on the Reserve Bank of India (RBI) Central Bank Digital Currency (CBDC) app.

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CBDC Interoperability Digital Currency Central Bank 41

PYMNTS

AUGUST 21, 2020

As many as 80 percent of the 66 central banks polled by the Bank of International Settlements said they were at some stage of CBDC development. China has been at the forefront of those efforts, at least as measured in terms of debuting an actual CBDC, and is in the midst of testing its digital yuan in various settings.

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CBDC Fed Federal Reserve ISO 20022 107

Open Banking Excellence

MAY 2, 2024

We have an Open Banking and Open Finance movement already, as well as CBDC concepts moving to the pilot stage. Interoperability and international expansion A key strategic outcome from all our activities in this space is to drive the creation of business models which are scalable outside of Georgia.

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Interoperability Payment APIs and Integration Central Bank Cross-Border 147

PYMNTS

MAY 11, 2020

Speaking at a virtual conference about the future of money, European Central Bank (ECB) executive board member Yves Mersch said a retail central bank digital currency (CBDC) is a game-changer. “A However, a retail CBDC, accessible to all, would be a game-changer, so a retail CBDC is now our main focus.”.

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CBDC Central Bank Digital Currency Cross-Border 52

PYMNTS

OCTOBER 9, 2020

The idea of a “general purpose” central bank digital currency ( CBDC ) is one that would transcend use cases, exchanges and piecemeal methods where, for example, (tangible) fiat on one side of a transaction is rendered into a digital form and then reconfigured to fiat on the other side of the process. Fed, the Swiss National Bank and others.

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Digital Currency Central Bank CBDC Federal Reserve 70

Fintech News

DECEMBER 20, 2023

Developments include cross-border quick response (QR) payment linkages, connectivity between real-time national payment schemes, and the ongoing Singapore Response Code Scheme (SGQR+) project focusing on furthering QR code payment interoperability.

FinTech 104

FinTech Cross-Border CBDC Web 3.0 104

The Fintech Times

NOVEMBER 4, 2024

Recognising this, MAS is facilitating financial institutions’ access to common settlement assets including S$ wholesale CBDC for market testing purposes. Interoperability – Facilitate linkages with existing financial market infrastructures.

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Authorization CBDC Multi-Currency Settlement 83

Fintech Finance

NOVEMBER 21, 2024

FORUS Digital has positioned itself in Africa to help central banks and commercial banks in their journey towards CBDC using the UDPN All-in-One Digital Currency Sandbox. On the African continent, South Africa, Nigeria, Eswatini and Ethiopia have taken the lead.

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Payment Networks Digital Payments Digital Currency Stablecoins 98

Fintech Finance

MARCH 26, 2024

Interoperability is critical to Swift’s strategy for instant and frictionless transactions. The second phase of sandbox testing went further, exploring more complex use cases, using Swift’s solution to connect and orchestrate transactions across simulated digital trade and tokenised asset and FX networks, alongside CBDCs for payments.

Cross-Border 52

Cross-Border Use Case SWIFT CBDC 52

Faster Payments Council

MARCH 15, 2023

Whether we will see these services gain traction is tied to what many believe to be a major hurdle–interoperability. FedNow may not interoperate with RTP, and it doesn't seem to be a priority for either. Some banks may not be able to connect to both. These projects are taking different implementation approaches.

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FPC ISO 20022 Cross-Border Payments Federal Reserve 88

Fintech Finance

JANUARY 11, 2024

The Practicalities of Cross-Border Payments in a Faster Payments World also highlights the challenges faced by fintech companies, providing insights into regulatory compliance, security, foreign exchange rate risks, lack of transparency, high costs, interoperability, data privacy, competition with financial institutions, and liquidity management.

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Cross-Border Payments Cross-Border Faster Payments ISO 20022 93

PYMNTS

JANUARY 28, 2021

The recent acceleration of central banks’ exploration and development of central bank digital currencies (CBDCs) only adds greater legitimacy to the technology, with Sully pointing to cross-border payments as one of the biggest areas of CBDC disruption — although, he acknowledged, the true impact of this tool is not yet understood.

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Treasury Cross-Border Cross-Border Payments Interoperability 84

PYMNTS

JULY 30, 2020

The new system, slated to debut in 2022, will also have the capability to handle a central bank digital currency (CBDC), such as a digital pound, CoinDesk reports. A digital currency could be later layered onto the revamped system if and when the BoE chooses to do so, the news site reported. at the leading edge of payments innovation.”.

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Real Time Gross Settlement (RTGS) Digital Currency Central Bank CBDC 63

The Fintech Times

JUNE 6, 2024

This project aims to create a multi-central bank digital currency (CBDC) platform for instant cross-border payments and settlements, leveraging distributed ledger technology (DLT). Several commercial banks have already started using the mBridge platform to facilitate cross-border CBDC payments among participating jurisdictions.

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Participant Distributed Ledger Technology (DLT) Cross-Border Payments Cross-Border 45

Faster Payments Council

SEPTEMBER 12, 2022

The panel will discuss issues such as security, governance, and interoperability as well as concerns that the U.S. In this session, FPC QR Code work group leaders address the call to action for payment industry standards needed for universal acceptance and interoperability of QR codes.

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FPC Federal Reserve Cross-Border Payments Faster Payments 88

Fintech News

DECEMBER 10, 2023

The impact of CBDCs on payments, financial inclusion, and monetary policy remains an ongoing discussion. Trust, transparency, and interoperability will shape the future of payments, ensuring that financial systems serve the needs of all.

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Addressing Fraud Prevention Financial Inclusion Payments 120

CoinRemitter

FEBRUARY 9, 2024

If CBDCs go mainstream, they can dominate the world of digital payments. However, CBDC payments cannot be as anonymous as crypto payments. Central Bank Digital Currency Launches So Far The first CBDC launch happened in 2020, which was DCash by The Central Bank of The Bahama.

Digital Currency 40

Digital Currency Central Bank CBDC Distributed Ledger Technology (DLT) 40

Fintech News

DECEMBER 13, 2024

Finally, stablecoins face competition from CBDCs, as many governments prioritise CBDC development over private stablecoins. This creates a competitive landscape for adoption and integration, requiring stablecoin projects to demonstrate their unique value propositions and interoperability with existing and evolving financial systems.

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Stablecoins Cross-Border Cross-Border Payments Caps 70

Fintech News

FEBRUARY 27, 2024

The Reserve Bank of Australia (RBA) also played a crucial role by exploring the concept of retail and wholesale Central Bank Digital Currencies (CBDC) through its eAUD pilot programme , which focused on a wide array of use cases and essential legal aspects. Singapore’s policy framework also accommodates innovation in digital assets.

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APACS Regulations Stablecoins Cryptocurrency 115

Fintech News

OCTOBER 28, 2024

Finalists in the corporate categories were evaluated based on impact, sustainability, practicality, interoperability, and creativity, while individual submissions were assessed on contributions to the Singapore fintech sector. Four finalists were shortlisted in each category.

AI 99

AI FinTech Innovation Payment APIs and Integration 99

The Fintech Times

FEBRUARY 19, 2024

“Additionally, central banks are exploring innovative solutions such as CBDC privacy (e.g, BIS Aurum) and interoperability solutions (e.g, Deutsche Bundesbank Trigger Solution).

Cross-Border Payments 69

Cross-Border Payments Cross-Border Stablecoins Multi-Currency 69

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. “There are some fundamental risks inherent in using CBDCs.

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

Clearly Payments

JANUARY 4, 2024

Monetary Policy: CBDCs offer central banks improved tools for implementing monetary policy and monitoring economic activity, contributing to more effective financial governance. Privacy Concerns: Addressing concerns about potential surveillance and data privacy implications is essential for gaining public trust in CBDCs.

Cryptocurrency 83

Cryptocurrency Stablecoins Cross-Border Payments Digital Currency 83

PYMNTS

JANUARY 26, 2020

Some central banks are banding together to form a group that will study ways and means of issuing central bank digital currencies (CBDC), according to a release by the Bank of England on Jan.

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Central Bank CBDC Digital Currency Cross-Border 100

PYMNTS

JANUARY 21, 2020

21), at least some of those central banks are banding together to form a group that will study ways and means of issuing central bank digital currencies (CBDC). between banks) done through CBDC. is joining the CBDC fray. But as reported Tuesday (Jan. Federal Reserve is also absent from the roster.

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Central Bank Digital Currency CBDC Federal Reserve 57

PYMNTS

SEPTEMBER 8, 2020

To have a digital currency, you need an instant payment system that is efficient and interoperable; an open system where you can create competition; and a currency that has credibility, is convertible and international,” he said, as per local media. Digital wallets that use QR codes will be interoperable with the system.

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Digital Currency Central Bank CBDC Instant Payments 87

Fintech Finance

MARCH 12, 2024

2 The Central Bank of Brazil plans to launch the CBDC DREX by the end of 2024. With this step, Banco do Brasil with the support of G+D intends to further explore the potential of the DREX platform provided by the Central Bank during the Brazilian CBDC pilot. Only in this way can it be a truly inclusive public digital currency.

CBDC 52

CBDC Financial Inclusion Digital Currency Use Case 52

M2P Fintech

MARCH 28, 2024

Central Bank Digital Currency (CBDC) A CBDC represents a nation’s currency in digital form, administered directly by the central bank. Unlike physical cash or bank deposits, CBDCs are purely electronic. As of December 2023, an impressive 130 countries are actively exploring CBDC initiatives.

FinTech 59

FinTech Online and Mobile Banking Push-to-Card Payer 59

The Fintech Times

NOVEMBER 23, 2024

Continuing the second phase of piloting its central bank digital currency (CBDC), Drex, the Central Bank of Brazil (BCB) has selected Brazilian digital bank Banco Inter , Microsoft Brazil , blockchain platform Chainlink , and 7COMm , a decentralised finance-focused firm, to build a trade finance solution.

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CBDC Central Bank Cross-Border Finance 124

Fintech News

DECEMBER 15, 2024

This marks a critical milestone in the exploration of a Central Bank Digital Currency (CBDC). The PoC included a range of technical evaluations, such as testing interoperability standards like ISO 20022 for cross-border transactions, and integration methods with existing infrastructures like BI-RTGS.

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CBDC Distributed Ledger Technology (DLT) ISO 20022 Cross-Border 69

The Payments Association

DECEMBER 2, 2024

On the other hand, they may disrupt existing payment infrastructures, requiring firms to adapt their systems and develop new strategies to remain relevant in a CBDC-driven world. Cilliers believes the excitement around CBDCs, especially across the Atlantic is justified. “I

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Embedded Finance Payments Fraud Detection AI 88