Articles with tag like: European Central Bank

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EU to help banks affected by COVID-19 to keep lending

News | Payments General | 17 Dec 2020

The European Union has planned to help banks jettison soured loans more easily and continue lending to households and business hit by the COVID-19 pandemic, according to Reuters.

EU, banks, COVID-19, lending, Reuters, European Union, ECB, European Central Bank, European Commission, NPL, pandemic, loans

ECB believes bank profits won't recover before 2022

News | Payments General | 27 Nov 2020

ECB has released its latest stability review, predicting that Europe-based banks will not see profits return to pre-pandemic levels before 2022, according to CNBC.

ECB, European Central Bank, bank, profits, lender, ROE, pandemic, COVID-19, banking, vaccine

European Central Bank selects Sia and Colt to connect to Eurosystem market infrastructure

News | Online & Mobile Banking | 20 Nov 2020

The European Central Bank (ECB) has chosen SIA and Colt Technology Services for its connection to the Eurosystem market infrastructures through a single access interface.

European Central Bank, SIA, Colt Technology Services, Eurosystem Single Market Infrastructure Gateway, ESMIG, product launch, partnership, payments, banking, ECB

ECB to conduct independent review of payments system outage

News | Payments General | 18 Nov 2020

The European Central Bank (ECB) will launch an independent review of an incident that affected its real-time gross settlement system TARGET2 on 23 October 2020.

European Central Bank, ECB, real-time gross settlement system, TARGET2, payments, Eurosystem, banks, Central banks

European Central Bank's glitch reduced bank deposits by EUR 400 bln

News | Payments General | 02 Nov 2020

A glitch in the European Central Bank’s system for settling large-value payments by commercial and central banks has resulted in a drop in deposits worth more than EUR 400 billion.

European Central Bank, ECB, banking, TARGET2, glitch

The European Central Bank asks for public's opinion on CBDC

News | Cryptocurrencies | 02 Nov 2020

The European Central Bank has announced a survey of public opinion regarding the issuance of a digital euro, implying the central bank is considering a retail CBDC.

European Central Bank, ECB, central bank digital currency, CBDC, survey, Europe

ECB launches feasibility study into instant cross-border payments in Sweden

News | Online Payments | 12 Oct 2020

European Central Bank (ECB), in collaboration with Sveriges Riksbank, has announced it is launching an investigation into how the platform could support low-cost instant cross-currency transactions.

ECB, European Central Bank, tips, Target Instant Payment Settlement, instant payments, Sweden, Europe, digital payments, real-time low cost payments, merchant payments, ecommerce, consumer goods payments

BIS, central banks publish CBDC report laying out key requirements

News | Cryptocurrencies | 12 Oct 2020

The Bank for International Settlements (BIS) together with a group of seven central banks have published a central bank digital currency (CBDC) report laying out key requirements for CBDC.

CBDC, BIS, Bank of Canada, Bank of England, Bank of Japan, European Central Bank, Federal Reserve, Sveriges Riksbank, Swiss National Bank

ECB should plan digital euro issuance, board member says

News | Online & Mobile Banking | 02 Oct 2020

A board member of the European Central Bank has declared that the bank should prepare to issue a digital euro to complement banknotes, according to Reuters.

ECB, European Central Bank, Europe, digital euro, banknotes, banks, Central banks, digital currencies, electronic payments, private tokens, Bitcoin, Facebook, Libra, electronic money, Commercial Bank, Bluetooth, pre-paid cards, banking system

ECB aims to trademark the term 'Digital Euro' amid feasibility study

News | Cryptocurrencies | 02 Oct 2020

As European Central Bank officials prepare to release an assessment of the benefits and drawbacks of creating a digital version of the euro, the ECB has applied to trademark the term ‘Digital Euro’.

European Central Bank, ECB, digital euro, blockchain, crypto, digitalisation

Digital Euro seen as an alternative to 'private digital currencies', ECB

News | Cryptocurrencies | 25 Sep 2020

The European Central Bank (ECB) has been analysing the benefits and risks of a digital currency, according to its president, Christine Lagarde.

European Central Bank, ECB, Christine Lagarde, digital euro, digital currency, cryptocurrency, blockchain, retail payments

BIS Innovation Hub to expand to new locations in Europe and North America

News | Payments General | 01 Jul 2020

BIS Innovation Hub has announced plans to extend its reach with new centres over the next two years in collaboration with central banks from Europe and North America.

BIS Innovation Hub, Europe, North America, Central banks, BIS Innovation Hub, fintech, Bank of Canada, Bank of England, European Central Bank, Eurosystem, Danmarks Nationalbank, Central Bank of Iceland, Central Bank of Norway, Sveriges Riksbank, Federal Reserve System, Hong Kong Monetary Authority, Monetary Authority of Singapore, Swiss National Bank

The pan-European payment system initiative to be launched very soon

News | Online Payments | 01 Jul 2020

Twenty big European banks are getting ready to create a payment standard called the Pan-European Payment System Initiative (PEPSI), reports Electronic Payments International.

Pan-European Payment System Initiative, PEPSI, payments, banks, European Central Bank, ECB, European Commission

After securing credit license and EUR 20 mln funding, Memo Bank to launch business bank

News | Payments General | 26 Jun 2020

France-based startup Memo Bank has announced plans to launch publicly to serve business customers and small and medium companies.

Memo Bank, business bank, credit license, funding, SME, ACPR, European Central Bank

Euro zoned banks borrow EUR 1.31 trillion from ECB

News | Payments General | 22 Jun 2020

Banks from the euro zone have borrowed EUR 1.31 trillion from the European Central Bank (ECB).

banks, ECB, European Central Bank, loans

Cambrist enters the Swedish market

News | E-invoicing, SCF & E-procurement | 21 May 2020

Ireland-based fintech Cambrist has announced its entry into the Swedish market with the launch of its fx NOTIFY solution with Länsförsäkringar Bank.  

Ireland, fintech, Cambrist, Sweden, fx NOTIFY, Länsförsäkringar Bank, cards, banking, cross-border payments, European Central Bank, banks, API, SaaS, data, retail banks, e-money

Four European banking bodies request a delay of T2-T2S consolidation project

News | E-invoicing, SCF & E-procurement | 20 May 2020

Four European banking bodies have written to the European Central Bank (ECB) requesting a one-year delay for the consolidation project of TARGET2 (T2) and TARGET2 Securities (T2S).

EU Banking Bodies, banking, EU, T2, T2S, consolidation project, European Central Bank, ECB, TARGET2, TARGET2 Securities, payments, COVID-19, coronavirus, banks, SWIFT, cross-border payments, ISO 20022, data

Bank of Lithuania on the potential of central bank digital currencies

Interviews | Cryptocurrencies | 30 Jan 2020

The Paypers has sat with Aistė Juškaitė, principal economist at the Market Infrastructure Department, Bank of Lithuania to discuss about the potential behind CBDC

CBDC, cryptocurrency, digital currency, monetary laws, Bank of Lithuania, Bank of Canada, Bank of England, Bank of Japan, European Central Bank, Sveriges Riksbank, Swiss National Bank, central bank digital currencies

Central banks team up to assess CBDC use cases, and more

News | Cryptocurrencies | 23 Jan 2020

Some of the world’s largest central banks have decided to team up to assess the potential of developing their own digital currencies (central bank digital currencies - CBDC).

Bank of England, Bank of Canada, BOE, Bank of Japan, European Central Bank, Riksbank, Swiss National Bank, CBDC, digital currency, central bank

CREDEM prepares TARGET Consolidation with Worldline's solution CRISTAL

News | Online Payments | 16 Jan 2020

Worldline has announced that CREDEM, a leading Italy-based private bank, has started processing Target2 payments with Worldline’s Payment and Liquidity Hub software CRISTAL.

Worldline, CREDEM, Italy, CRISTAL, TARGET Consolidation, European Central Bank, ECB