Fintech
More central banks plan experimental CBDCs – BIS
Emerging market central banks in particular are focusing on retail CBDCs, report says
Carstens calls for ‘comprehensive’ oversight of big tech
BIS chief highlights “data-network-activities loop” driving big tech growth
Dutch crypto firm takes legal action against DNB
Bitonic says new KYC requirements are disproportionate and threaten consumer privacy
BIS to research prototype DLT green bond platform
Innovation hub sets up international network to share knowledge and address problems
MAS enhances cyber risk guidelines as risks grow
Authority warns “spate” of cyber attacks have targeted suppliers of IT services
New York Fed to establish ‘innovation centre’
Search begins for director, who will lead collaboration with BIS innovation hubs
RBNZ announces independent inquiry into data breach
Governor takes personal responsibility and says NZ financial system remains sound
Promoting fintech might reduce inequality – BIS’s Pereira da Silva
Inequality harms policy transmission, but technology may help, deputy general manager says
Nigeria’s central bank unveils sandbox and QR guidelines
Both initiatives should help foster innovation within the payment space
RBNZ suffers data breach in third-party system
Governor says breach is “contained” and investigations are ongoing
FCA fails to register crypto asset firms by cut-off
Regulator establishes temporary registration regime for firms which submitted an application on time
China’s digital yuan kicks off test on e-commerce platforms
New round of tests in Suzhou allow use of CBDC for online shopping for the first time; new features designed to protect privacy
CBDC could give consumers power over their data – paper
Mere existence of CBDC could discipline data-hungry payments firms, authors say
MAS strengthens fintech co-operation with Ghana and Hungary
Agreements will help connect SMEs and foster discussions around regulation and emerging trends
APIs could help curb fintech operational risk – Sarb deputy
Data can give firms a competitive edge in South Africa’s financial services market
HKMA and PBoC begin technical preparations for digital yuan pilot
HKMA CEO Yue says cross-border e-yuan will offer additional payment options to locals
Big tech poses a risk to competition in payments – RBA’s Lowe
Regulation has not adapted to advances in technology, governor says
SNB’s Maechler: innovation hub in race to catch up with fast-paced markets
Swiss hub is laying foundations for a fast market-monitoring platform
Pressure from Facebook may speed up digital euro development – panellists
ECB does not plan to announce whether it will proceed with digital euro proof of concept until mid-2021
Saudis and UAE say shared CBDC is technically possible
“Project Aber” shows DLT can be used to upgrade cross-border payments, central banks say
BoE selects cloud partner
London-based firm Appvia secures two-year contract to deliver cloud environment
Singapore non-bank firms can use real-time payments systems – MAS
“Major payment institutions” will be able to use two real-time systems from February 2021