19 articles tagged with this keyword


Fime acquired by Gallant Capital

Private equity firm Gallant Capital Partners has acquired payments consultancy and testing specialist Fime as well as the UL Solutions payments testing business and merged the two. Financial terms were not disclosed.


EBAday 2024: The future of CBDCs, tokenised deposits and stablecoin adoption

Tokenised money is on the horizon in numerous countries. This week, the Bank of England’s Sarah Breeden announced that a discussion paper will be released in summer 2024 to draw on input from the private sector to complement the work being conducted on stablecoin regulation and retail central bank digital currency (CBDC).


New Zealand consults on digital cash

The Reserve Bank of New Zealand has opened a consultation on the potential launch of a central bank digital currency.


David Birch confirmed as EBAday 2024 challenge speaker

Exploring digital money, digital assets, digital identity and the future of banking, David G. W. Birch has been confirmed as the keynote speaker for one of the most compelling sessions at EBAday every year.


Swift hails results of CBDC connector testing

Swift says a new round of sandbox testing has found that its central bank digital currency interlinking technology can enable financial institutions to carry out a wide range of transactions using CBDCs and other forms of digital tokens, easily incorporating them into their business practices.


UDPN launches digital currency sandbox

The Universal Digital Payments Network (UDPN) has launched a digital currency sandbox for both commercial and central banks.


EBAday 2024: Calling early-stage startups to showcase products

The 19th edition of EBAday, the largest annual European event for payments and transaction banking, will return on 18th – 19th June 2024 at CCL in Lisbon, Portugal.


MPE 2024: What will be the impact of a digital euro?

At the Merchant Payments Ecosystem 2024 conference in Berlin, Evelien Witlox from the European Central Bank (ECB) presented a keynote on the possibilities of a digital euro.


US digital dollar is “nowhere near” development, says Federal Reserve chair

Chairman of the US Federal Reserve Jerome Powell spoke before the Senate on Thursday, stating that the US was “nowhere near” CBDC development.


Banks "barking up the wrong tree" over CBDC deposit flight says ECB

The European Central Bank says banks are "barking up the wrong tree" when they fret over the impact of deposit flight from a future digital euro, arguing instead that stablecoins and electronic money institutions pose more of a threat to the deposit base.


NextGen Nordics 2024: What to expect from this year's conference

Finextra is returning to Stockholm for the annual NextGen Nordics event. Attendees can expect in-depth conversations on a variety of topics, and much more.


India tests offline and programmable CBDC

India is moving ahead with the next stage of its digital rupee pilot, adding programmability and offline payment capability.


Metaverse to place new demands on payment services - BIS

The metaverse could place new demands on payment services that may be better met by central bank digital currencies and retail faster payment systems than by crypto, according to a Bank for International Settlements report.


Labour vows to make UK fintech leader

The UK's Labour party says it will deliver the next phase of Open Banking, become a standard setter for the use of AI, and embrace securities tokenisation and a digital pound if it wins the next election.


US falling behind peers on CBDC progress, warns think tank

The United States' slow progress on central bank digital currencies is seeing it fall behind the likes of China, India and the European Union on the future of money, warns think tank The Atlantic Council.


Could CBDCs help prevent fraud?

Mandatory reimbursement for victims of authorised push payment (APP) scams came into full effect under the Payments System Regulator (PSR) at the end of last year.


Digital pound consultation: User privacy and access to cash key concerns

The UK Government has vowed to pass primary legislation guaranteeing user privacy in the event of a future digital pound.


Trump promises to block CBDC

Donald Trump has vowed to prevent the creation of a central bank digital currency if he wins the US presidential election, calling a digital dollar a "dangerous threat to freedom".


ECB issues digital euro vendor call

The European Central Bank has opened applications for vendors to provide components and related services for a potential digital euro in contracts that could total more than EUR1 billion.