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

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

Central Bank Settlement AI 122

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

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

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 Paypers

OCTOBER 3, 2023

The Central Bank of Kenya (CBK) has become a member of the Pan African Payments and Settlement System (PAPSS).

Central Bank 77

Central Bank Settlement Payments 77

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

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 Fintech Times

SEPTEMBER 9, 2024

The American Fintech Council (AFC) has backed the Federal Reserve ’s proposal to extend the operating hours of the Fedwire Funds Service and National Settlement Service (NSS). The post US Fintech Association Supports Federal Reserve’s Plan to Expand Settlement Service Hours appeared first on The Fintech Times.

Settlement 69

Settlement Federal Reserve FedWire FRB 69

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

AUGUST 9, 2024

ClearBank has expanded into Europe, securing a Dutch banking licence to offer Euro settlement services and banking solutions, marking the first step in its international growth strategy. has secured a Credit Institution Licence from the European Central Bank (ECB), under the supervision of De Nederlandsche Bank.

Settlement 64

Settlement Security Central Bank On-Demand 64

Finextra

MAY 15, 2024

Project Agorá, launched by the Bank for International Settlements (BIS), a group of leading central banks and the Institute of International Finance (IIF), is inviting the private sector to join its exploration of how tokenisation can enhance the functioning of wholesale cross-border payments.

Central Bank 59

Central Bank Cross-Border Payments Cross-Border Settlement 59

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

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

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

Finextra

FEBRUARY 12, 2024

The Pan African Payment and Settlement System (PAPSS) is proud to announce the entry of Banque Centrale de Tunisie (BCT) into its network as its thirteenth Central Bank member, further strengthening its commitment to promoting seamless cross-border payment services and enhancing financial integration across the African continent.

Settlement 69

Settlement Cross-Border Payments Cross-Border Central Bank 69

The Paypers

OCTOBER 4, 2023

The Bank for International Settlements (BIS) has partnered with several European central banks to create a crypto tracking platform.

Central Bank 73

Central Bank Settlement 73

The Paypers

NOVEMBER 8, 2021

Banca d’Italia and Deutsche Bundesbank , the central banks of Italy and Germany, have joined forces to work on settlements in central bank money of DLT-based asset exchanges.

Central Bank 53

Central Bank Settlement 53

PYMNTS

DECEMBER 18, 2020

But the race is still on for central banks to develop their own digital versions of fiat to take their place alongside bills and coins. To that end, the Bahamas may stand out as an epicenter of sorts for the rise of central bank digital currencies (CBDCs). Central Banks Around the World Eye CBDCs.

Digital Currency 142

Digital Currency Central Bank CBDC Fed 142

Finextra

JUNE 5, 2024

The Bank for International Settlements says it multi-central bank CBDC platform, Project mBrige, is ready to accept value added products and new use cases as it reaches minimum viable product stage (MVP).

CBDC 145

CBDC Central Bank Settlement Use Case 145

Fintech Finance

JUNE 17, 2024

The project will provide insights on how operators of real-time gross settlement (RTGS) systems could enable interoperability with new payments technologies, such as distributed ledger technology (DLT). The aim in both scenarios will be for the SO to successfully orchestrate the settlement of a payment versus payment (PvP) FX transaction.

Real Time Gross Settlement (RTGS) 69

Real Time Gross Settlement (RTGS) Distributed Ledger Technology (DLT) Settlement Interoperability 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.

Central Bank 94

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

PYMNTS

JANUARY 26, 2020

Bank of France Governor Francois Villeroy de Galhau said on Saturday (Jan. 25) that central banks should be in charge of issuing electronic currency, not private companies, Reuters reported.

Central Bank 100

Central Bank CBDC Digital Currency Cross-Border 100

Fintech News

MAY 15, 2024

Project Agorá, an initiative by the Bank for International Settlements (BIS) alongside major central banks and the Institute of International Finance (IIF), is moving forward and inviting private sector involvement. The project aims to explore how tokenisation can improve wholesale cross-border payments.

Cross-Border Payments 121

Cross-Border Payments Cross-Border Federal Reserve Central Bank 121

PYMNTS

OCTOBER 19, 2020

It comes on the heels of an IMF report that raises concerns about growing momentum toward central bank-issued digital currencies (CBDCs). central bank has yet to decide whether to plunge ahead, said that issues need to be vetted, include protecting any new digital currency from cyberattacks, fraud and high-tech counterfeiters.

Digital Currency 108

Digital Currency Central Bank Fed Federal Reserve 108

Finextra

SEPTEMBER 16, 2024

More than 40 private sector financial firms, convened by the Institute of International Finance, will join the Bank for International Settlements and a group of leading central banks in Project Agorá to explore how tokenisation can enhance wholesale cross-border payments.

Participant 59

Participant Cross-Border Payments Cross-Border Central Bank 59

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

PYMNTS

JANUARY 6, 2021

The platform lets B2B, P2P and other commerce take place over Mexico’s real time gross settlements payments system, known as SPEI (in turn tied to wire transfers) for short. 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

Finextra

SEPTEMBER 16, 2024

More than 40 private sector financial firms, convened by the Institute of International Finance, will join the Bank for International Settlements and a group of leading central banks in Project Agorá to explore how tokenisation can enhance wholesale cross-border payments.

Participant 52

Participant Cross-Border Payments Cross-Border Central Bank 52

Finextra

JUNE 18, 2024

There has been a sharp uptick in experiments and pilots with wholesale central bank digital currencies over the last year, according to the Bank for International Settlements.

Digital Currency 98

Digital Currency Central Bank Settlement 98

PYMNTS

MAY 29, 2019

A European Central Bank ( ECB ) official is throwing his support towards wholesale central bank digital currencies (CBDCs). While a retail CBDC would be available for the general public, wholesale would serve a limited circle, primarily banks. Vasiliauskas is contemplating both sides.

Central Bank 76

Central Bank Digital Currency CBDC Liquidity Risk 76

Finextra

FEBRUARY 7, 2024

The metaverse could place new demands on payment services that may be better met by central bank digital currencies and retail faster payment systems than by crypto, according to a Bank for International Settlements report.

Metaverse 130

Metaverse On-Demand Digital Currency Central Bank 130

Fintech News

JUNE 4, 2024

The Bank for International Settlements (BIS) has launched Project Rialto to test the potential for improving instant cross-border payments through a combination of a modular foreign exchange (FX) component and wholesale central bank digital currencies (wCBDC).

Cross-Border Payments 71

Cross-Border Payments Cross-Border CBDC Settlement 71

PYMNTS

MAY 21, 2020

The tipping point might be nigh for digital dollars and other central bank-issued currencies done through bits and bytes. A central entity may be a central bank which regulates a monetary supply,” the company wrote. “A A central entity may implement a monetary policy and issue currency.

Digital Currency 97

Digital Currency Central Bank CBDC Federal Reserve 97

PYMNTS

FEBRUARY 27, 2020

Bank of Japan (BOJ) Deputy Governor Masayoshi Amamiya said that before they issue their own digital currencies, central banks around the world should attempt to get a better understanding of the pros and cons of the process, according to a report by Reuters. They will also confer with colleagues overseas on the topic.

Central Bank 64

Central Bank Digital Currency Money Laundering CBDC 64

PYMNTS

OCTOBER 11, 2019

For central banks, when it comes to cryptocurrencies, there’s no central theme. Some central banks are embracing the concept. The overall theme, reported the site, is to look into how “digital central bank money could be used in the settlement of tokenized assets between market participants.”.

Central Bank 73

Central Bank Digital Currency Federal Reserve Non-Bank 73

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. A key focus of these developments is testing multi-ledger Delivery-versus-Payment (DvP) and Payment-versus-Payment (PvP) transactions.

SWIFT 143

SWIFT Multi-Currency CBDC Interoperability 143