Bangladesh: Payment Systems Development

The financial landscape of Bangladesh has been rapidly transforming, driven by deeper forces: i) the adoption of financial technology led by the omnipresence of the internet and availability of power; ii) opportunities created by the demographic dividend…

In Conversation with Sheila Warren

Central bank digital currencies (CBDC) and stablecoins captured the headlines in 2020, with central banks ramping up their research and pilot projects and the first issuance of a retail CBDC. What sort of developments can we expect in 2021? CBPN caught…

EMTECH: The Coming Modernization of Central Banking

EMTECH is the fintech of Modern Central Banking, helping regulators leapfrog existing regulatory frameworks and systems, and to adopt an innovation mindset as well as an innovation toolset, says D.R. Maurice, Chief Risk & Policy Officer. A Modern Central…

CBDC Tracker: Classifying and Comparing Worldwide CBDC Projects

To provide a detailed database for CBDC projects, we have set up the CBDC Tracker. The CBDC Tracker is an open-source tool gathering CBDC-related information worldwide. The CBDC Tracker can be used to compare CBDC projects according to a broad array of…

The Italian Banking Association’s Spunta and Digital Euro Projects

Disruptive technologies. Even better, technology that explicitly aims to disintermediate traditional banks. There are three possible reactions: you can simply ignore it, you may hope they disappear, or you can try to understand and embrace the change. In…

Instant Payments Serbia: The NBS IPS System of the National Bank of Serbia

The NBS IPS system is the first payment system in the country that enables instant money transfers, with an average processing time of just 1.2 seconds. The cap on individual transfer orders executed in the NBS IPS system is RSD 300,000 (around EUR 2,500).…

The Central Bank of Azerbaijan Accelerates Digital Transformation with the First Blockchain-Based Digital Identification System in Azerbaijan

As one of the priorities of the State Program, the Central Bank of the Republic of Azerbaijan (hereinafter—Central Bank of Azerbaijan) implemented the Blockchain-based Digital Identification System (hereinafter—DIS) to increase financial inclusion and…

Innovation at the Central Bank of the Dominican Republic

In our country, since 2006, the Central Bank has been promoting the development of a safe and efficient payment system, with the assistance of all economic agents, directing efforts to strengthen the regulatory, operational and technological framework…

Recent FinTech and E-Payment Initiatives in Kuwait

“We, at the Central Bank of Kuwait, are preparing the infrastructure for future aspirations that would enable a truly digital economy.” With these words in September 2019, Central Bank of Kuwait (CBK) Governor Mohammad Y. Al-Hashel laid out a vision that…

The Future of Cross-Border Payments: Canada’s Journey

The momentum of the FSB roadmap comes at an excellent time as Payments Canada is midway through a multi-year payments Modernization initiative. Guiding our country’s payments Modernization journey are the needs of Canadians, including financial institutions,…