Centro de Innovación Financiera: Creating the Regulatory Framework for Fintech in Costa Rica - The Leading Role of the Regulator in a Small Economy

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…

CCAF: Third Anniversary of the Cambridge FinTech and Regulatory Innovation Programme

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…

BENEFIT Company: In Conversation with Shafaq Alkooheji, Head of Payments Services

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.

OeNB Explores Blockchain for Digital Assets and Payments

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…

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…

AMF: A Practical Guide on CBDC for Arab Central Banks

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…

Central Bank of Eswatini National Payment Systems Vision and Strategy 2025

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…

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…

National Bank of Ethiopia: Innovative and Inclusive Payments

In July 2021, the National Bank of Ethiopia launched its first ever National Digital Payments Strategy, an ambitious initiative that aims to build an innovative payments ecosystem in support of a cash-lite and inclusive economy. Central Bank Payments…