Payment innovation is top fintech spending priority

One-third of central banks say they are prioritising digital currencies

Almost two-thirds of central banks are prioritising fintech spending on payment innovation, showing a preference to invest in a core competency over more headline-grabbing initiatives, like global stablecoins.

The Fintech & IT Benchmarks 2021 also found that 58% of institutions are prioritising investments in cyber security, and 48% big data projects and analytics. In contrast, just a little over one-third are earmarking spending for digital currencies, and just 6% on global stablecoins. Under

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