CBPN Latest News
Trinidad and Tobago
Modernisation of the National Payment System: A Perspective from the Central Bank of Trinidad and Tobago
The global evolution of payments is changing the payments landscape of Trinidad and Tobago. The Central Bank of Trinidad and Tobago has seen new players offering new payment services and products. These new products and services, supported by fintech solutions, create new risks to the domestic payme...
ISO 20022
Unifits: The Hidden Costs of Payment Clearings and Silos — A Vision for Global Efficiency
The time is ripe for a coordinated effort to streamline and modernize payment clearings. For central banks and leading policy-makers, addressing inefficiencies is not just about cost savings; it is about preserving financial stability, fostering innovation, and meeting the evolving demands of busine...
Data
Bit by Bit: How Data are Enhancing Payments
The steps the Bank of England is taking are designed to ensure the benefits of payments data are available to all RTGS users, irrespective of how they access their data. In doing so, the Bank aims to move towards an objective of richer payments data, made more accessible, acting as a crucial enabler...
Tokenisation
Tokenization in Financial Markets - Unlocking the Future of Financial Innovation
This article provides some of the initial findings from a longer piece of research on Tokenization in Financial Markets conducted by the World Economic Forum in collaboration with Accenture.
Infrastructure
ProgressSoft: Advancing Trust in Mandated and Salary Transfers
Every payment has a purpose, and these purposes have expanded remarkably — from invoice payments and utility bills to salary transfers, personal donations, association subscriptions, and beyond. With this versatility comes significant responsibility for financial sector regulators to mitigate risks,...
Digital Payments
Central Bank of Jordan: Transforming Jordan’s Financial Landscape
Jordan’s financial sector is undergoing a remarkable transformation, with the Central Bank of Jordan (CBJ) at the helm, leading the charge toward modernization. Amid regional challenges, Jordan has emerged as a center of stability, resilience, and innovation. The CBJ’s vision for the future of payme...
Fraud
Malaysia's Journey in Combating Financial Fraud - A Case Study on Ecosystem Collaboration and Innovation
The National Fraud Portal from Bank Negara Malaysia and PayNet Malaysia marks an important step forward for the country in combating financial fraud. Serving as an agent of change in data standardisation and ecosystem collaboration, the NFP is not merely a tool for loss recovery; rather it is the fo...
Cross-Border Payments
Enhancing Cross-Border Payments in the U.S.
As cross-border payments take center stage in today’s globalized economy, Margaret Weichert, Chief Product Officer at The Clearing House, explores the latest initiatives shaping the industry
Digital Currencies
Stablecoins & Tokenization: New Forefronts in Innovation for Central Bankers
Over the last year, Visa has engaged in cutting edge research around onchain analytics and on-the-ground stablecoin user surveys in emerging markets to better understand their impact.
In This Issue: January 2025
- Jeanette Joseph discusses the Central Bank of Trinidad and Tobago's efforts to modernise the national payment system through enabling legislation, upgrades to legacy infrastructures, and the in-process development of a UPI-like instant payment system.
- Paul Thomalla, Non-Executive Director for Unifits, highlights the hidden costs of siloed payment systems and outlines the steps central banks can take to shepherd the transition toward a more efficient global payments ecosystem.
- And we catch you up on all the news of the past month, highlight the latest reports you'll want to read, and preview next month's Currency Research Payments Week in Paris.
