Articles with tag like: commercial banks

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ACI Worldwide provides real-time payments solution in Thailand

News | Online Payments | 03 Feb 2021

ACI Worldwide has announced that Thailand-based National Interbank Transaction Management and Exchange (ITMX) has successfully implemented ACI’s real-time payments solution.

ACI Worldwide, real-time payments, Thailand, National Interbank Transaction Management and Exchange, National ITMX, ISO 20022, B2B payments, commercial banks, central bank of Thailand, account to account payments, ISO 8583

Is CDBC the key to unlocking financial inclusion?

Voice of the Industry | Cryptocurrencies | 12 Jan 2021

Gonzalo Santamaria and Jens Seidl from Currency Research discuss the potential CBDCs hold to create new opportunities to individuals that had previously declined financial access

Currency Research, Jens Seidl, Gonzalo Santamaria, commercial banks, Central banks, CBDC, financial inclusion, payments, cashless, stablecoins, Bitcoin, cryptocurrency

Italian Banking Association initiates experimental digital euro project

News | Cryptocurrencies | 07 Jan 2021

The Italian Banking Association (ABI) has been conducting digital euro tests as the European Central Bank is yet to make a clear decision on a central bank's digital currency.

Italian Banking Association, ABI, digital euro, banking, digital coin, payments, Italy, commercial banks, SIA, blockchain

Central Bank Digital Currencies for Dummies – A Quick Guide into CBDCs

News | Cryptocurrencies | 09 Dec 2020

The Paypers releases the Central Bank Digital Currencies for Dummies, an ebook which is a quick reference guide into CBDCs that aims to inform readers about what CBDCs are, the innovation they promise, the implications, and risks they pose.

central bank digital currencies, CBDC, digital dollar, digital euro, Chinese yuan, Facebook Libra, stablecoins, Central banks, commercial banks, fintech, technology providers, monetary policies, Financial systems, COVID-19, payments digitalisation, mobile wallets, smartphones, financial inclusion, customer data, digital identity, data privacy, security

Central Bank Digital Currencies for Beginners – A Quick Guide into CBDCs

Report | Cryptocurrencies | 09 Dec 2020

Central Bank Digital Currencies for Beginners is a quick reference guide into CBDCs that aims to inform readers about what CBDCs are, the innovation they promise, and the implications and risks they pose

central bank digital currencies, CBDC, digital dollar, digital euro, Chinese yuan, Facebook Libra, stablecoins, Central banks, commercial banks, fintech, technology providers, monetary policies, Financial systems, COVID-19, payments digitalisation, mobile wallets, smartphones, financial inclusion, customer data, digital identity, data privacy, security

Central Bank Digital Currency (CBDC) – building together the future of money (and humanity)

Voice of the Industry | Cryptocurrencies | 02 Nov 2020

We can do better than build back the pre-pandemic world – we can build forward to a world that is more resilient, sustainable, and inclusive. We must seize this new Bretton Woods momentKristalina Georgieva, IMF Managing Director, Washington, DC on 15th October 2020

central bank digital currency, CBDC, COVID-19, payments digitalisation, Libra, cross-border payment, cryptocurrencies, tokens, stablecoins, reserve currency, SWIFT, fiscal stimulus, Fed, interest rates, Central banks, commercial banks, BIS, IMF

Pakistan rolls out online banking for expats

News | Online & Mobile Banking | 18 Sep 2020

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

News | Cryptocurrencies | 10 Sep 2020

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

News | Cryptocurrencies | 04 Sep 2020

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 symmetric core currency cryptography (DSC3) technology

Interviews | Payments General | 04 Sep 2020

‘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

News | Payments General | 18 Jun 2020

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

News | Cryptocurrencies | 25 Feb 2020

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

News | Digital Identity, Security & Online Fraud | 07 Feb 2020

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

News | Digital Identity, Security & Online Fraud | 09 Oct 2019

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

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

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

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

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

Korea to regulate cryptocurrency exchanges like banks

News | Cryptocurrencies | 12 Jun 2018

The Korea Financial Intelligence Unit (KFIU) and other local financial agencies have announced they will regulate cryptocurrency exchanges like banks.

South Korea, cryptocurrency, commercial banks, KYC, crypto-exchange

Ovum: North American commercial banks invest heavily in real-time payments

News | Online & Mobile Banking | 06 Dec 2017

New research from Ovum has revealed that North American commercial banks are continuing to increase their investment in real-time payments (RTP).

Ovum, North America, commercial banks, Open Banking, real-time payments, RTP, Canada, US, B2B