ProgressSoft speaks with Shafaq Alkooheji, Head of Payments Services at the BENEFIT Company, about the development, launch, and adoption of e-cheques in Bahrain, part of the Central Bank of Bahrain’s broader digital transformation strategy.
The Digital Dollar Project is a convener of ideas, people, and organizations to facilitate open experimentation and data collection for consideration. We have set out to explore the thesis that a tokenized U.S. dollar could provide societal and economic…
Supported by European Cooperation in Science and Technology (COST), the FinTech and Artificial Intelligence in Finance (CA 19130) Project consists of three working groups (WG): WG1 focuses on the transparency in FinTech, WG2 focuses on the transparent…
APIs can significantly accelerate the pace of product and infrastructure development, as well as the integration of various payment systems. The FIS CBDC & Digital Currencies Connected Ecosystem™ can also accelerate delivery of the prototypes, allowing…
In 2016, the Bank launched the FinTech Center in the Payment and Settlement Systems Department. Since its inception, the Center has engaged in efforts to encourage novel technologies that would contribute to the further convenience and efficiency of financial…
When considering CBDC versus mobile money, the similarities between the two technologies outweigh their differences. Yet, CBDC is said to be different from any other type of payment instrument including mobile money, card payments, or electronic funds…
The Afghanistan Payments System (APS) was spearheading the modernization of retail banking in the country—and was poised to ride that momentum well into the future—when the Afghan government collapsed in August 2021. Ahmad Shakir Wali, Managing Director…
In 2021, the Oesterreichische Nationalbank (OeNB) joined forces with OeKB CSD GmbH, the Austrian Treasury (the Republic’s debt management office OeBFA), Raiffeisen Bank International AG and Erste Group Bank AG to launch DELPHI, a joint research project…
While the industry’s focus remains largely on modernising retail transactions, wholesale payment systems, which ultimately underpin and enable rapid retail transfers to take place, have not yet benefitted from meaningful transformation. This is especially…
As part of the implementation of its 2019–2023 strategic plan, whose motto is “To be an efficient, innovative Central Bank and a force for change at the service of the country,” Bank Al-Maghrib strengthened in 2020 its positioning as a catalyst for innovation…
