Payments
Fed proposes modifications to the wholesale payment network
Proposal to extend window comes with risks but the Fed says it might have a solution
IBM wins contract to support Canadian RTGS overhaul
Canada is preparing to replace its unusual high-value payment system with a new generation
Zambia deputy governor emphasises importance of female financial inclusion
Survey data reveals extent of gender disparity in market
Central banks complete first blockchain currency swap
Monetary Authority of Singapore and Bank of Canada link experimental local payment networks
Bank of Zambia urges country to embrace financial technology
Zambian payments app becomes integrated with Visa and MasterCard
Iceland central bank holds first meeting of payment council
New body aims to ensure security and efficiency in payments and financial infrastructure
The IFF China Report 2019
Insight and perspectives from the world's leaders, premier policy-makers and financiers
Carney: BoE preparing for ‘fourth industrial revolution’
BoE is reforming in a bid to adapt to technological change, says governor
Vocalink and IBM to provide Saudi faster payments system
Instant payment system slated for launch at the end of 2020
Argentina launches digital platform to foster financial literacy
Central bank will use platform to promote use of bank accounts and electronic payments
Swift names Pérez-Tasso as chief executive
Pérez-Tasso will take over from current chief Gottfried Leibbrandt, who will step down in June
The IFF China Report 2019: Financial deepening, fintech development and green financing
The past 40 years have seen China transform from a recipient of global aid to a major economic centre in its own right. China is now seeking to deepen its markets, gradually open its borders to global financial flows, and promote new and innovative forms…
Fintech and the future – Improving financial literacy
Li Dongrong, president of the National Internet Finance Association of China and former deputy governor of the People’s Bank of China, explains how financial technology can aid sustainable growth, transform the structure of financial markets and promote…
Bundesbank official calls for pan-European mobile payments champion
Board member hopes Europe can compete with US and China in fintech
Suriname's president replaces fired governor
Robert van Trikt vows to not bow to political pressure and finance public spending, and says focus for next year will be on AML controls and payment maturation
The IFF China Report 2019: The Belt and Road Initiative
Over the past five years, China has invested more than $70 billion in Belt and Road Initiative (BRI) countries, of which there are now in excess of 100. Leading Chinese and international policy-makers explain how BRI efforts are progressing. This section…
The Belt and Road Initiative 2019 Survey – A new driver for globalisation?
The second Belt and Road Initiative (BRI) Survey of 28 central banks reveals that they view the BRI as a major driver of globalisation, with a high percentage of respondents expecting the initiative to provide a significant boost to GDP. So far,…
The IFF China Report 2019: Redesigning the international trading and monetary system
Reform of the financial system that brought about the 2007–08 financial crisis has not gone far enough and advanced and emerging market economies must find a more co-operative way forward to ensure globalisation can continue.
Central banks will not rescue firms from future of payments – ECB’s Cœuré
Market disruption is likely as incumbent banks fight to remain relevant to customers who demand more from their payment service providers
Cyber fraudsters starting to rethink tactics – report
Swift research shows hackers have switched to transferring smaller amounts during normal business hours
RBA begins push for ISO 20022 payments migration
Central bank wants to make the switch before Swift ends support for some message types
Philippines joins local currency settlement network
Malaysia, Indonesia and Thailand created system in 2017 to ease reliance on US dollar
Pakistan central bank opens up financial sector to non-bank players
Finance minister pledges central bank-issued digital currency by 2025
Arab regional payment system set for 2020 launch
The new system would replace the costly and inefficient correspondent bank model