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

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

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

Central Bank Laws 83

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

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

Central Bank Settlement Cross-Border Payments Cross-Border 98

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.

Cross-Border Payments 113

Cross-Border Payments Cross-Border Central Bank Settlement 113

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 92

Cross-Border Payments Cross-Border Central Bank Interoperability 92

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

Central Bank Digital Currency Digital Payments Payments 88

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

Cross-Border Central Bank CBDC Digital Currency 90

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

Central Bank FinTech Authorization Finance 52

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

Central Bank Settlement Instant Payments Assessments 59

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.

Cross-Border Payments 78

Cross-Border Payments Cross-Border Central Bank Settlement 78

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 73

Central Bank AI Correspondent Bank Correspondent 73

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.

Cross-Border Payments 145

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

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

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

Central Bank BNPL Rules Procedures 104

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

Central Bank Government Governance Transactions 64

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 99

Cross-Border Payments Cross-Border Central Bank Federal Reserve 99

The Paypers

SEPTEMBER 13, 2024

Accenture has announced that it has invested in EMTECH , a company that provides SaaS platforms to help central banks streamline, connect, and modernise their processes and operations.

Central Bank 36

Central Bank Process 36

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

Central Bank Payments Global Payments Security 52

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

Central Bank Assessments Procedures Laws 141

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

Central Bank Risk AI Money Laundering 59

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

Central Bank Regulations Finance Innovation 52

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 87

Central Bank Innovation Finance Money Laundering 87

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

Central Bank Regulations Finance Facilitators 72

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

Central Bank Settlement Distributed Ledger Technology (DLT) Interoperability 75

The Paypers

AUGUST 27, 2024

Piramal Finance , a subsidiary of Piramal Enterprises Limited, has entered into an agreement with the Central Bank of India to expand co-lending operations.

Central Bank 41

Central Bank Finance Agreements 41

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

Central Bank Gateways Technology Digital Currency 218

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

Central Bank Consumer Non-Bank Credit Cards 99

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 80

Central Bank Cross-Border Cross-Border Payments Consulting 80

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 64

Central Bank AI Mobile Banking 64

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

Central Bank Technology 96

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

Central Bank Settlement Technology 59

The Paypers

JULY 16, 2024

The Saudi Central Bank (SAMA) has announced the launch of Naqd, a government banking services platform that focuses on digitising the financial services of government agencies.

Central Bank 36

Central Bank Government Governance 36

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

Central Bank Digital Currency Visa CBDC 132

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

Central Bank SWIFT Digital Currency CBDC 142

The Paypers

SEPTEMBER 5, 2024

The Central Bank of Brazil has granted Telefónica | Vivo a Sociedade de Crédito Direto (SCD) licence to expand its fintech services.

Central Bank 41

Central Bank FinTech 41