The Complexity of Commercial Payments Isn’t Often Understood
The largest corporations and financial institutions make payments and transfer funds at a magnitude that far exceeds consumer transactions. However, ...
Tag: BIS
Central Banks Are Largely Unprepared for AI’s Impact, Says BIS
Central banks have a responsibility to safeguard the financial stability of their economies, but they should also be at the ...
Next Step for Cross-Border Payments: Tokenization
The Federal Reserve Bank of New York, along with six other central banks, will team up with the Bank for ...
Philippines to Release Wholesale CBDC in Two Years
In 2020, the Philippines initiated an exploratory study on the viability of central bank digital currencies (CBDCs). Now, the region ...
UAE Conducts First Cross-Border CBDC Payment
To mark the 50th anniversary of the Central Bank of UAE, the first central bank digital currency (CBDC) transaction was ...
IMF Proposes Trusted Ledger to Enhance Cross-Border Payments
Understanding that the current cross-border landscape remains fragmented, the International Monetary Fund (IMF) is exploring the use of a trusted ...
Exploring Privacy, Security, and Scalability with CBDCs
As digital payment usage increases worldwide, and more central banks explore the use of central bank digital currencies (CBDCs), privacy ...
IMF Urges More CBDCs, Releases Handbook to Help the Effort
In a keynote address at the Singapore FinTech Festival this week, Kristalina Georgieva, Managing Director of the International Monetary Fund ...
BIS Survey Shows CBDCs Are Catching on Worldwide
Last year, 93% of central banks engaged in some form of CBDC work—not only marking a significant rise from previous ...
In Cross-Border Payments, Settlement Type Matters
As recently as two months back, we provided member research on the cross-border B2B payments landscape, which has been one ...
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