The COST Action on FinAI: Exploration of FinTech Through a Research Project

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…

Bank of Japan: Pursuing Safety and Efficiency of the Payment and Settlement System as a Whole

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…

Bank Al-Maghrib: Steering the Evolution of Payments in Morocco

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…

Special Feature: Industry Perspectives on Charting the Course for Transformative Payments

How the industry is charting the course for transformative payments in 2022 and beyond with Discover® Global Network, EMTECH, FIS, ProgressSoft, RTGS.global, StoneX, Tietoevry, and Visa.

Central Bank of Montenegro: How to Boost Banking and Payment Innovation in a Small Developing Economy

Fostering innovation brings with it different challenges depending on the level of development, market size or even the geographic position of a country. When compared to the frontrunners, small markets face barriers that are much more challenging than…

Bank of Israel: Spurring Paytech Innovation in Smaller Developed Markets

In recent years, at the Bank of Israel we have resolved to lead game-changing initiatives in the payments space. Our intent is not only to close gaps that have emerged between Israel and the global payments scene, but also to proactively lead in areas…

Inside the Cambridge FinTech and Regulatory Innovation Programme

The Cambridge Centre for Alternative Finance (CCAF) has successfully delivered online capacity building and education to more than 1,000 regulators and central bankers from 220 institutions in over 135 countries via its Cambridge FinTech and Regulatory…

Central Bank of the Future Project Examines Technology and Financial Inclusion

The central bank of the future must adapt to changing technologies to provide a financial system that works for all. Over the last three years, the University of Michigan’s Center on Finance, Law & Policy (CFLP) and the Bill and Melinda Gates Foundation…

Regulatory Collaboration on Innovation in South Africa: The Whole is Greater Than the Sum of its Parts

During 2016, the SARB became increasingly involved in working groups with international standard-setting bodies focused on fintech innovation, which prompted reflection on the potential implications for South Africa, the region and the continent. The…

El Salvador: Perspective on the Development of the Financial System, With an Inclusive Approach and Use of New Technologies

The Covid-19 pandemic made evident the situation of exclusion to digital financial services that characterises El Salvador. The government faced this problem in its first year in office. Food delivery services increased, but only with the use of cash…