Fintech
Central Banking Awards 2022: final winners unveiled
Prizes for Central bank of the year, Lifetime achievement, Transparency, Economics and more
Project Ellipse: real-time data and the ‘art of the possible’
BIS’s Andrew McCormack and MAS’s Kenneth Gay talk about phase two of the suptech project, which combines real-time news with regulatory data
Payment services: CMA
The Swedish payments firm is well known as a provider of core infrastructure for central banks, and is now a key player in a new payment system linking the Arab world and beyond
Technology services – regulatory: Regnology
The regtech/suptech provider continues to innovate, securing major new contracts with central banks and regulators
BoE partners with MIT on CBDC
Bank of Canada and the Boston Fed have also teamed up with MIT on research projects
Reserve Bank of India launches innovation hub
Central bank subsidiary tasked with “accelerating innovation” across the financial sector
Fintech Benchmarks 2022 – executive summary
Intelligence on internal fintech challenges at central banks as they contend with the fast-paced industry
Project Dunbar raises ‘more questions than answers’
BIS’s multi-CBDC project focused on qualitative benefits and trialled small-scale cross-border transfers
Central bankers see ‘potential’ in stablecoins
But John Williams, Cecilia Skingsley and Perry Warjiyo warn such systems must be better regulated
Brazilian central bank overhauls fintech regulation
Central bank took inspiration from Basel III with phased introduction of regulations for payment firms
PBoC to fine Tencent over AML breaches, report says
Nationwide crackdown on money laundering announced in January
Anti-money laundering and countering the financing of terrorism focus report 2022
Anti-money laundering authorities face a never-ending battle to track and block the proceeds of financial crime. Increasingly, they are finding themselves in a technological race to stay ahead of criminals
Markus Brunnermeier on the need for CBDCs
The Princeton academic co-authored a paper for the European Parliament exploring the potential pitfalls of CBDCs. But they are still needed, he says
The ECCB’s DCash outage: what went wrong?
Experts discuss security certificate problems that may have derailed DCash pilot
Majority of central banks do not issue fintech licences
Lower-middle income jurisdictions more likely to issue licences than richer nations
Many central banks have a fintech strategy
Over half of respondents have a dedicated fintech team
Privacy and security are greatest cloud concerns
New computing options and work practice flexibility top benefits
SQL, Python and R top requirements for data scientists
Other staff may perform similar data analysis tasks
Data quality and staff skills are greatest AI challenges – benchmark respondents
Privacy and algorithmic fairness are also concerns
Half of fintech benchmarks respondents use AI/ML tools
Richer nations more likely to use artificial intelligence
Problem of recruiting and retaining fintech talent persists
Salaries a key issue alongside skill set attainment
Cyber security rises as fintech research priority
Suptech overtakes regtech
Sandbox popularity rises at central banks
Trend looks set to continue
Machine learning and NLP top regtech tools
Micro-prudential reporting and risk assessment are main regtech applications