One of the most pressing challenges facing fintechs and impacting central banks is how to ensure regulatory compliance. With highly fragmented regulatory requirements, risk monitoring and reporting methods, a more integrated compliance management platform…

Effectively preventing fraud as well as identifying bad actors and recovering ill-gotten funds requires cooperation among payment system stakeholders. Chief Executive Dr Leo Lipis and Director Andrew Gómez of Lipis Advisors present thoughts about fraud,…

Xiaochen Zhang, Chief AI Officer & Executive Director at AI 2030, outlines three ways AI is pushing central banks to evolve and how they can seize this moment to create a future-oriented, frictionless, and personalised financial system for all.

This article from Piet Mallekoote highlights the background of the digital euro project and provides an overview of the state of play and challenges. Substantial progress has been made in the euro area in recent years with preparations for a digital euro.…

The third annual Central Bank Payments News supplement features insightful perspectives from six leading players in the global payments ecosystem who are working closely with central banks to spark genuine transformation in payments.

Regulators need to be open to innovation to balance the market, which is why the National Bank of Georgia (NBG) created the Financial Innovation Office (FIO). The FIO serves as a critical, yet often understated, protagonist at the heart of this technological…

Through close collaboration with academic researchers, national and international policy-making bodies, and industry practitioners, the Cambridge Centre for Alternative Finance provides the expertise necessary to fulfil its mission. Its ongoing evolution…

The pace of evolution in instant payments, also known as real-time or fast payments, has been phenomenal, especially in emerging economies, and has acted as a catalyst to kickstart economic activities. Regulators and governments worldwide are striving…

On May 23, 2022, the Central Bank of Paraguay (BCP) implemented the first phase of the Paraguayan Instant Payment System (SPI). This first phase consisted of implementing electronic fund transfers 24 hours a day, 7 days a week (24x7). For end customers,…

It will likely be private sector innovation that provides the key to unlocking faster, safer, more efficient, and less expensive cross-border payments. The private sector is well placed to advise on and illustrate the practicalities of how to improve…