Cash
Big tech: a threat to banks?
The explosive growth of financial services offered by big tech companies in China offers important lessons
BSP’s Diokno on forward guidance and cutting reserves
The Central Bank of the Philippines governor speaks to Christopher Jeffery and Alice Shen about fintech, efforts to wean Asia off the US dollar, and why he wants to cut policy and reserve requirement rates
ECB and Fed unite on global currency standard
The two central banks want to create the ‘USB of currency processing’
Swedish state needs to face dangers of falling cash use, Riksbank says
Marginal role for the state in payments could weaken competition and trust, central bank argues
RBNZ may gain new powers to protect access to cash
Consultation proposes more active role for central bank; regulations could mandate access to cash
UK cash use squeezed by rise of fintech and ATM fee changes
Accounts with fintech firms and open banking proving increasingly popular, report finds
Overseeing China’s payments revolution
The PBoC has tried to strike a balance between facilitating bigtech innovation and reining in risks, amid an explosive growth in mobile payments
How data is driving a counter-revolution in cash
As the payments landscape undergoes far-reaching changes, central banks are mobilising new data tools and technologies to better understand and serve demands for physical currency
The winners of the 2019 Fintech and Regtech Global Awards
Prizes awarded for outstanding work at the cutting edge of financial technology
Modernising currency management
Central banks continue to strive to optimise currency operations at a time when the relative importance of cash is falling, but usage continues to grow. William Towning looks back at the last 30 years
Central banks face loss of independence – Central Banking survey
A new survey of Central Banking’s Editorial Advisory Board points to central banks facing existential challenges with little change in their frameworks or toolkits
IMF’s Adrian on the big tech threat and why a ‘non-system’ works
The IMF’s financial counsellor speaks about risks from big tech’s move into fintech, the fund’s efforts to craft well-targeted policy guidance and why the current international monetary ‘non-system’ works
Ghana sees route to ‘cash-lite’ economy through mobile money
Central bank deputy governor promises development to further encourage fintech
Cash usage keeps falling in Netherlands
In 2018, 37% of purchases were paid for in cash, down from 41% in 2017
Cash no longer US’s most popular means of payment
Debit cards were the most frequently used means of payment in 2018, Fed report finds
Moroccan central bank opens investigation into stolen cash
Bank Al-Maghrib says 1.2 million dirhams disappeared in suspicious circumstances
CBDCs could protect citizens from e-currency abuse, official says
Citizens in cashless societies could be vulnerable to monopoly power, says Sveriges Riksbank official
IMF: some central banks ‘on the verge’ of piloting CBDCs
IMF survey also highlights need for greater co-operation on fintech regulation
RBNZ highlights cash advantages as usage declines
New Zealand central bank aims to protect sectors of society more reliant on cash
UK banking industry pledges to support public access to cash
Trade body will work with BoE and Treasury to ensure access to cash
Riksbank needs 24/7 instant payments platform – deputy governor
Ever higher use of electronic payments demands better infrastructure to guarantee safety, says Martin Flodén
National Bank of Ukraine continues to focus on CBDC
‘E-hryvnia’ pilot project was completed in February
Bank of England awards contracts for new banknotes
Award made for joint provision of substrate for £50 note as BoE opts for same polymer in all notes
Riksbank opens procurement for e-krona development
Central bank intends to commission platform for electronic central bank payments in 2020