Fintech
Draghi dismisses crypto assets
ECB head describes bitcoin as “very, very risky”
US lawmakers establish task forces to examine fintech and AI
Task forces aim to assess risk to economy and investigate regulation surrounding fintech and AI
Thailand develops prototype for blockchain-based CBDC
The central bank’s collaborators have made progress on ‘Project Inthanon’
Central Banking to co-operate on research with Chinese universities
MoUs with departments of Renmin and Zhejiang universities envisage co-operation on fintech events and research
Global sandbox admits first fintech firms
GFIN accepts eight firms for tests in cross-border regulatory sandbox
Bank of Samoa warns of crypto asset con
The Ponzi scheme is apparently spreading via churches
FCA stresses need for regulations to adapt to changing technology
Technology will bring both serious risks and benefits to all groups, says FCA
RBI proposes regulatory sandbox in bid to grow fintech sector
Draft proposal would enable 10–12 companies to operate without usual regulations
Motivations and prospects for central bank digital currency
Sayuri Shirai surveys the many forces driving increased interest in CBDC, and its flip side – changing cash dynamics
Video Q&A: Moritz Plenk and Mark Shead, BearingPoint
Central Banking met with Mark Shead and Moritz Plenk of BearingPoint at the Central Banking FinTech and RegTech Global Supervisory Summit in London to discuss the challenges faced by central banks and regulators, and how regulatory and financial…
Fintech firms could encourage regulatory risk management update – Fed’s Bowman
Some regulations may need to be changed to ensure community banks can access third-party products
Cyber fraudsters starting to rethink tactics – report
Swift research shows hackers have switched to transferring smaller amounts during normal business hours
FSB to tackle technological innovation under Japanese G20 presidency
Crypto assets, tech firms and cyber risks all on the agenda, says Randal Quarles
BIS paper finds some potential benefits to ‘bigtech’
Firms may be better able to predict losses and support underserved borrowers, authors find
MAS uses machine learning to spot market manipulation
Apollo tool uses data based on past misconduct cases to spot suspicious patterns
Pakistan central bank opens up financial sector to non-bank players
Finance minister pledges central bank-issued digital currency by 2025
National Bank of Cambodia to deploy blockchain payments system in 2019
Use of blockchain may improve financial inclusiveness of payments system
RBI using suptech to oversee rapidly growing fintech sector – Das
Supervisors need to undertake “accelerated off-site surveillance”, governor says
Philippines launches inclusion initiative in memory of Espenilla
Late governor honoured in new initiative to help those underserved by financial industry
Fintech experts recruited for New York Fed advisory group
New group will provide gateway for Fed to interact with tech industry leaders
CBDC may see central banks adopt retail lending role – BIS’s Carstens
Two-tier banking system could be turned on its head by CBDC, but BIS will “flash warning light” if central banks fail to appropriately consider stability, Carstens says
Bahamas to explore CBDC access to government securities
Governor John Rolle outlines some near-term payment system reforms