Fintech
ECB and BoJ point to major problem in DLT-based payments
Latest “Project Stella” report says central source of information could create single point of failure
BIS paper investigates distributive impact of fintech
Big data likely to reduce “negative prejudice” but could undermine regulation, says Thomas Philippon
MAS to allow financial data transfer to US
Data-sharing agreement could see personal data shared across borders
IMF-MAS research says cyber risks can be modelled with limited data
Public data can be used to create unique formulae to model hypothetical cyber attacks
US must review payments system oversight, Brainard says
Big tech’s currency plans could mean payments oversight is further weakened – senior Fed official
BIS economist explores uneven adoption of fintech
Several factors can explain why some countries have been quicker to adopt fintech than others
Podcast: fintech predictions for 2020
Will cloud technology become mainstream? Is artificial intelligence the future of regulation? Rachael King and Adam Csabay make their fintech predictions for 2020 in the second episode of Tech Talk
South Africa’s financial regulators urged to adopt tiered licensing regime
New regime would help lower the barriers for fintechs, working group says
Riksbank asks BIS to establish innovation hub in Sweden
In 2019, the BIS opened innovation hubs in Hong Kong, Singapore and Switzerland
Stablecoins present threat to monetary sovereignty – WEF panel
Panellists discuss the delicate balance needed between the private and public sector
Emerging market central banks keener to issue CBDCs – BIS
BIS survey shows central banks shifting emphasis from wholesale to retail CBDCs
Banks outpacing insurers with cloud adoption – BoE
UK financial institutions lean towards software when it comes to cloud outsourcing
Hong Kong and Thailand launch next phase of cross-border CBDC project
CBDC-based payments can cut costs and boost speed, HKMA and Bank of Thailand study shows
Cœuré and Cunliffe to lead research group on CBDCs
Six central banks and the BIS will explore use cases and share knowledge
Cyber security suffers from inconsistent approaches, says IMF’s Lipton
Emerging markets struggle to implement international recommendations
Bank of Ghana payments overhaul to focus on fintech
Central bank will ensure regulation is fintech-friendly
FCA takes over crypto asset supervision
UK firms must register with regulator to comply with anti-money laundering rules
Machine learning model flags importance of yield curve for crisis prediction
Model has potential to allow policy action before crisis hits, BoE paper says
HKMA says banks should set up AI hub
Hong Kong lenders should establish “centre of excellence” to improve use of AI, central bank says
RBA: stablecoins must wait until framework in place
Australian central bank says it may step up CBDC research efforts
ECB paper offers tiering solution to CBDC structural concerns
Separating CBDC functions between tiers could disincentivise use during crisis periods