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In a paper entitled 'Fintech: the Experience So Far,' the International Monetary Fund (IMF) stated that, while there are regional differences, 'countries were broadly embracing the opportunities of Fintech to boost economic growth and inclusion.' The pursuit of Fintech innovation is being balanced with the
As Fintech Challenges the World Order. We know how fundamentally the internet and the web have changed not just the world of work, business and commerce but all our lives and the way we live, around the world. It's touched and changed just about everything
Citizens in cashless societies could be vulnerable to monopoly power, says Sveriges Riksbank official
IMF survey also highlights need for greater co-operation on fintech regulation
Choosing an appropriate interest rate could help alleviate problem, say researchers
‘E-hryvnia’ pilot project was completed in February
The President of Germany's central bank, Jens Weidmann, has warned that implementing central bank digital currencies (CBDCs) could lead to the destabilization of global financial systems, especially during times of fiscal crisis. The warning came during a speech delivered at the opening of the Bundesbank
Markus Brunnermeier and Dirk Niepelt say some arguments about CBDC are “questionable”
Central bank pursues partners to test digital currency
The Hong Kong Monetary Authority (HKMA) and the Bank of Thailand (BOT) have signed a Memorandum of Understanding (MoU) to collaborate on Fintech innovation between the two regulatory authorities. The MoU was signed between Norman Chan, Chief Executive of the HKMA, and Veerathai Santiprabhob, Governor
The central bank’s collaborators have made progress on ‘Project Inthanon’
The Bank of Thailand is moving forward with developing a Central Bank Digital Currency (CBDC). The initiative labeled Project Inthanon, has developed a prototype CBDC in partnership with R3 and Wipro (NYSE: WIT). The Bank of Thailand is also working with eight commercial banks in
The Central Bank of Canada and Monetary Authority of Singapore (MAS) have jointly announced the successful 'experiment' of cross border payments using blockchain or distributed ledger technology (DLT). The two central banks claim this is the first test anywhere of its kind stating it has
Sayuri Shirai surveys the many forces driving increased interest in CBDC