Bank of Finland working on payments backup system

The Bank of Finland

Finland needs a “national back-up system” for its payment systems, which would become operational in “emergency situations”, a board member of the Bank of Finland argues.

In a recent blog post, Marja Nykänen writes it is imperative for payment and settlement systems to function under “all circumstances” to prevent the economy from becoming disrupted.

In a crisis, “Finland must possess the capability to maintain independent control over its critical infrastructures”, she says. 

Nykänen says

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