Lithuania’s central bank reportedly investigating Railsr over AML failures
The Telegraph reports that Railsr’s Lithuanian subsidiary is being investigated by the country’s central bank.
The Telegraph reports that Railsr’s Lithuanian subsidiary is being investigated by the country’s central bank.
The pilot will test the technical feasibility of a CBDC and leverage the “skills and insights” of private industry.
The UAE is aiming to become a “financial and digital payment hub”.
To establish interoperability in global payments, a balance must be struck between collaboration and competition.
The Bank and HM Treasury plan to “accelerate” work on the technology and policy architecture for a digital pound.
The national payment system forms part of South Africa’s Vision 2025 programme.
The testing forms part of the 2023 EU-wide stress test coordinated by the European Banking Authority.
Company execs say the layoffs are a result of “reduced marketplace revenue” due to interest rate increases.
The government hopes its plan will facilitate the development of “a robust digital payment ecosystem”.
The country’s central bank and regulator expects these new digital banks to promote financial inclusion.
The Open Banking Lab will provide a technical testing environment to ensure compatibility with the country’s Open Banking Framework.
The Bank of Spain has initiated registration for crypto providers as it seeks to clamp down on money laundering.
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Coinbase’s Ireland operations will also now be headed up by Cormac Dinan, its new country director.
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Regnology will help the central bank transform its data management capabilities and regulatory reporting platform.
Tweeq leverages Paymentology’s Banking.Live platform and hopes to launch its app soon.
The test shows “how digital assets can be issued, distributed and settled within the Eurozone in a single day”.
The payments link between the two nations is designed to “enhance consumption and tourism”.
Financial institutions will analyse the technical, operational and business implications of a digital euro.
The framework includes legislation, regulatory guidelines and tech standards based on international best practices.
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The bank will deploy Finastra’s end-to-end working capital solution, Fusion Trade Innovation.
The use case of this pilot is the “settlement of secondary market transactions in government securities”, RBI says.
“We want to be the ecosystem platform provider to power up the Web3 economy,” says HSBC’s Catherine Zhou.
Widespread digitisation has prompted a number of central banks to evaluate issuing CBDCs.
At Sibos 2022, senior bankers discussed the importance of interoperability between payment systems old and new.
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CBDCs will become the de facto cross-border payment mechanism within the next decade, or possibly sooner.
JMR Infotech and IT Outsource have won the deal to modernise the ECCB’s enterprise and banking tech.
We chat with Ripple’s James Wallis about the rise of CBDCs and the future of blockchain.
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Five front-end companies were chosen by the ECB out of 54 applicants.
CBE, Egypt’s central bank and monetary authority, will implement Profile’s Acumen.plus treasury management system.
The central bank says the step will lead to the development of the fintech sector and enhance financial inclusion.
The RBI imposed restrictions on the US card issuer in May 2021, denying it the ability to onboard new customers.
The organisation says crypto can “jeopardise the monetary sovereignty of countries”.
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The RBA says the project will engage with “a wide range of industry participants”.
CBDCs offer a means for secure digital payments with legal tender status, and no bank account is required.