Articles with tag: commercial banks

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Pakistan rolls out online banking for expats

18 Sep 2020 | Online & Mobile Banking

The Pakistan Government has introduced the Roshan Digital Account, an online banking initiative for expatriates. 

Pakistan, Roshan Digital Account, online banking, initiative, expatriates, expats, fund transfers, bill payments, investment, central bank, State Bank of Pakistan, SBP, commercial banks, digital account, online account, bank branch

Mastercard initiates Central Bank Digital Currencies (CBDCs) testing platform

10 Sep 2020 | Cryptocurrencies

Mastercard has launched a proprietary virtual testing environment for central banks to evaluate Central Bank Digital Currencies (CBDCs) use cases.

CBDC, digital currency, Mastercard, payments, central banks, commercial banks, technology providers, payments processors, testing platform

Fed joins MIT's digital currency initiative to explore Central Bank Digital Currency

04 Sep 2020 | Cryptocurrencies

The Federal Reserve Bank (FRB) has taken CBDCs seriously and has been engaged in efforts to research a path toward implementation.

distributed ledger, CBDC, FED, MIT Digital Currency Initiative, digital currency, US, central banks, commercial banks

eCurrency brings CBDC benefits to all in ecosystem utilising digital secure currency technology

04 Sep 2020 | Payments General

‘Choices around the technology used for CBDC are important as they would have a significant impact on the extent to which CBDC meets our overall objectives’, The Bank of England

Central Bank Digital Currency, Lars Arvidsson, eCurrency, Bank of England, DLT, digital wallets, central banks, commercial banks, Digital Secure Currency, payment cards, mobile money wallets

i2c announces expansion across America

18 Jun 2020 | Payments General

i2c has revealed an expansion of its business in both North and South America as demand continued to accelerate for its innovative solutions. 

i2c, expansion, America, digital payments, Open Banking, fintechs, commercial banks, credit cards, debit cards

Utility Settlement Coin to team up with Adhara to develop digital money

25 Feb 2020 | Cryptocurrencies

Utility Settlement Coin (USC), a blockchain-based payments system involving commercial and central banks, will be working with Adhara, a stratup backed by ConsenSys, CoinDesk has learned.

Utility Settlement Coin, blockchain, cryptocurrency, payments system, central banks, commercial banks, Fnality, Quorum, CBDC

Thailand's central bank allows commercial banks to use facial recognition

07 Feb 2020 | Digital Identity, Security & Online Fraud

The Thai central bank has given the green light for six commercial banks to offer facial recognition using the e-KYC technology.

Bank of Thailand, commercial banks, facial recognition, central bank, Thailand, e-KYC, accounts, biometrics, verification, identity theft, fraud

BoT to test biometric KYC solution

09 Oct 2019 | Digital Identity, Security & Online Fraud

The Bank of Thailand (BoT) has revealed that it is moving forward with a test of biometric KYC technology, which will involve ten separate organisations.

Thailand, bank, biometrics, KYC, commercial banks, non-banks, financial institutions, eKYC, identity verification, account opening

Danske Bank joins commercial banks trade finance network Marco Polo

26 Oct 2018 | E-invoicing, SCF & E-procurement

Denmark-based Danske Bank has announced joining the Marco Polo Network, a network of commercial banks in the trade finance market.

Danske Bank, Denmark, commercial banks, trade finance, trade finance network, Marco Polo Network,

Anglo-Gulf Trade Bank joins trade finance network Marco Polo

17 Oct 2018 | E-invoicing, SCF & E-procurement

Anglo-Gulf Trade Bank has announced that it has joined the Marco Polo Network, a network of commercial banks in the trade finance market.

Anglo-Gulf Trade Bank, Marco Polo Network, trade finance, United Arab Emirates, UK, commercial banks