Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

Deutsche Bank and Standard Chartered pilot network for stablecoins and CBDCs

Deutsche Bank and Standard Chartered have carried out the first digital currency transfer and swap on the new Universal Digital Payments Network (UDPN).

26 October 2023

News/payments

EU data protection watchdog calls for more privacy for digital euro

The European data protection watchdog has recommended changes to EU draft legislation for a digital euro in order to boost privacy standards.

18 October 2023

News/payments

Fed governor Bowman sceptical on digital dollar

Michelle Bowman has become the latest Federal Reserve Governor to pour cold water on a US CBDC, saying that the benefits of a digital dollar are unclear while the risks could be significant.

18 October 2023

News/crypto

China opens CBDC industrial park

China has opened a Central Bank Digital Currency (CBDC) focused industrial park in the Luohu district of Shenzhen on October 11.

13 October 2023

News/Sibos

Sibos 2023: What will a digital euro look like?

As the digital euro project comes to the end of its investigation phase, Ulrich Bindseil and Evelien Witlox from the European Central Bank provided the Sibos audience with an update on the progress made so far and what comes next.

21 September 2023

News/crypto

Sibos 2023: Can CBDC replace cash?

At Sibos 2023 in Toronto, EY’s Christopher Woolard chaired a session on how digital currencies have made a big splash over the past few years and questioned whether they will be merely a drop in the ocean.

19 September 2023

News/Sibos

Sibos 2023: What’s next for low-value cross-border payments?

The challenges and opportunities associated with low-value cross-border payments was on the agenda at Sibos on Monday as a panel of industry players explored a host of models, from correspondent banking to DLT to interlinked national systems.

18 September 2023

News/security

Bank of Canada explores impact of quantum computing on CBDCs

The Bank of Canada has called in local specialist evolutionQ for a research project involving quantum-safe cybersecurity technologies for greenfield digital currencies.

06 September 2023

News/crypto

YES Bank eRupee app gets UPI interoperability

YES Bank has gone live with Unified Payments Interface (UPI) interoperability on the Reserve Bank of India's CBDC app.

04 September 2023

News/devops

Global CBDC adoption is on the horizon – Giesecke + Devrient

Digital payments innovation in different regions of the world is being spurred on by Central Bank Digital Currency (CBDC) adoption, as nations experiment with new payments options that can be more inclusive and dynamic. 130 countries are currently exploring the possibilities with CBDC adoption, which allows for digital money to be supported and used publicly alongside cash whilst supported by the nation’s central bank.

25 August 2023

News/inclusion

Digital Dollar Project and Western Union pilot CBDC for cross-border remittances

The Digital Dollar Project says a pilot carried out with Western Union into the use of CBDCs for cross-border remittances has found a host of potential benefits.

24 August 2023

News/payments

Mastercard launches CBDC partner programme

Mastercard has put together a central bank digital currency partner programme comprised of firms from across the ecosystem, including Ripple and Consensys.

18 August 2023

News/payments

Big names join Brazil's CBDC pilot phase

Brazil's central bank has picked 16 proposals - from firms including Nubank, Microsoft, Visa and SETL - for the pilot phase of its Drex CBDC project.

16 August 2023

News/crypto

Russia begins digital ruble pilot

The Bank of Russia has enlisted 13 banks for pilot testing of a digital ruble involving real-world transactions.

10 August 2023

News/crypto

CBDC benefits found in Digital Dollar Project’s pilot study

The Digital Dollar Project has concluded their pilot study into digital currency opportunities alongside Western Union, BDO Unibank in the Philippines, and Accenture.

04 August 2023

News/crypto

Palau and Ripple pilot Government-backed stablecoin

Western Pacific island state the Republic of Palau has teamed up with Ripple on a government-issued stablecoin pilot.

27 July 2023

News/crypto

BofE taps Nuggets for digital pound privacy layer

The Bank of England has enlisted payments platform Nuggets to work on a privacy and identity layer for any future digital pound.

07 July 2023

News/crypto

NY Fed and banks upbeat on digital dollar pilot results

The Federal Reserve Bank of New York says that proof-of-concept run with a host of banks has demonstrated the feasibility of a regulated digital asset settlement platform supported by shared ledger technology.

07 July 2023

News/payments

EC stresses privacy in digital euro plan

The European Commission has published its legislative proposal establishing the legal framework for a possible digital euro, stressing that the CBDC would be a compliment to, not replacement for, cash.

28 June 2023

News/crypto

EBAday: CBDC is coming to Europe, but are we ready for it?

In the final session of the evening in breakout room 2 for EBAday day one, ‘What is the outlook for CBDCs in Europe?’, a panel of experts discussed where CBDCs are heading in Europe and what possibilities could arise for banks, merchants, and consumers in the future.

21 June 2023