Ángel González Tejada on how the Central Bank of the Dominican Republic (BCRD) is preparing to promote a new stage in the modernization of the Dominican Republic's Payment and Securities Settlement System (SIPARD) through the implementation of an instant…
This article from Frans van Bruggen and Robert Schmitz explores the key issues regulators face in supervising algorithmic fairness in transaction monitoring. First, algorithmic fairness is a complex concept with multiple mathematical definitions, and…
Oliver Hanmer of the UK's Payment Systems Regulator looks at how regulators can support growth, innovation, and competition by striking the right balance between oversight and flexibility.
Ensuring greater security for consumers in the digital world requires global intelligence of the threat landscape, partnerships, and a holistic approach to cyber defenses. It also entails ongoing investment in innovation and new technologies and a commitment…
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,…
In Sri Lanka, the implementation in 2015 of its fast payment system, the Common Electronic Fund Transfer Switch (CEFTS), marked a significant milestone that steered the country's payment infrastructure towards enabling interoperability, innovation, and…
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…
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,…
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.
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…
