In this article, we will focus on the various aspects of CBDC that can help drive digitization and promote responsible innovation. We believe digitization will help drive new value created in the global economy in the coming decade. However, the rate…
This article describes the elements of the FinTech roadmap that the Superintendencies, the National Council for Supervision of the Financial System (CONASSIF), and the Central Bank of Costa Rica (BCCR), have been implementing for the design of a regulatory…
The Cambridge Centre for Alternative Finance (CCAF) has successfully delivered its online capacity building and education programme to more than 1,400 regulators and central bankers from 340+ institutions in over 145 countries via its Cambridge FinTech…
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.
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…
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…
The main drivers that motivate Arab central banks and monetary authorities to engage in a CBDC project reflect initially the importance of promoting a cashless economy and fostering financial inclusion. The first four drivers are: (i) to move to a cashless…
The Central Bank of Eswatini (CBE) has been proactive in creating an enabling environment for innovation in digital financial services in response to consumer demands and changing market needs. This is evident with the release of the Practice Note for…
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.
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…
