Fintech
Fintech creating data gaps, BIS survey finds
New players do not always fit neatly into current statistical frameworks
BIS appoints heads of Switzerland and Singapore tech hubs
Cœuré says BIS’s Hong Kong hub will have head “in due course”
BIS paper investigates distributive impact of fintech
Big data likely to reduce “negative prejudice” but could undermine regulation, says Thomas Philippon
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
Governor of the year: Mark Carney
Carney has played a vital role in managing Brexit risks
South Africa’s financial regulators urged to adopt tiered licensing regime
New regime would help lower the barriers for fintechs, working group says
Better IT protected banks during financial crisis – IMF paper
NPLs were 10% lower in banks with stronger IT infrastructure, research shows
Riksbank asks BIS to establish innovation hub in Sweden
In 2019, the BIS opened innovation hubs in Hong Kong, Singapore and Switzerland
Banks outpacing insurers with cloud adoption – BoE
UK financial institutions lean towards software when it comes to cloud outsourcing
BIS statistics committee to focus on fintech and big data in 2020
Irving Fisher Committee plans to complete its fintech work and update a 2015 survey
Bank of Ghana payments overhaul to focus on fintech
Central bank will ensure regulation is fintech-friendly
HKMA says banks should set up AI hub
Hong Kong lenders should establish “centre of excellence” to improve use of AI, central bank says
BoE prepares for regulatory data shake-up
Central bank keeping open mind on future of regulatory data collection
2020: fintech and beyond
Central bankers share their thoughts on fintech – past, present and future
2019: The year in review
The past year saw a persistent weakening of the global economy, and some radical financial innovations
India’s approach to national biometric ID applicable to ‘all economies’
BIS paper examines how India created digital financial infrastructure as a public good
Tensions emerge in Fed’s push for instant payments
The US Faster Payments Council is in a better position than the Fed to tackle key issues, some say. Others welcome the Fed’s muscle in promoting competition
Atlanta Fed develops new data app
App provides access to Fed bank’s most popular data points and tools
Data sharing could curb big tech dominance – FSB
Ensuring all financial market incumbents have access to same data could level the playing field
Poloz to leave Bank of Canada in June 2020
Governor has decided not to seek a second term
Carstens: Money without central banks is doomed to fail
Many “architectures” are possible but they must be built on a foundation of trust, BIS chief says
NY Fed’s Stiroh: ‘More work to be done’ on bank culture
Kevin Stiroh discusses progress in reforming banking culture and how technology is changing the risk management equation for both firms and supervisors
HKMA calls for innovation in fight against money laundering
The authority flags new and emerging risks in the city’s AML/CFT regime