20 July 2018
Visit www.gemalto.com

Russian federation regulators denote blockchain and instant payments as key priorities

10 April 2018  |  4485 views  |  0 Source: Central Bank of Russian Federation

The financial regulators of Russia, Armenia, Belarus, Kazakhstan and Kyrgyzstan held a Joint Payment Area Working Group meeting to discuss key trends and initiatives related to the use of innovative financial technology to develop and promote today's services across the Eurasian Economic Union (EEU).

The meeting was also attended by several FinTech Association representatives who made presentations about the organisation's purpose and objectives, its core focus areas and market participants’ joint projects with the Bank of Russia.

The parties noted their multilateral dialogue and the exploration of joint projects was well-timed, relevant and must continue across several fields including the development of payment area, financial messaging with the use of distributed ledgers, remote identification, speedy payment systems and open interface solutions.

The meeting participants stated their willingness to continue cooperation in the exploration and prospective use of the distributed ledgers technology as part of the cross-national financial messaging and settlement system including the Masterchain platform. EEU financial regulators also agreed to continue joining efforts in the areas of national speedy payment system interaction, as well as in projects involving remote identification across EEU.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit info.nice.comVisit iliad-solutions.com/Visit https://secure.vasco.com

Top topics

Most viewed Most shared
Calmejane quits Lloyds Bank to join SocGenCalmejane quits Lloyds Bank to join SocGen
12715 views comments | 6 tweets | 7 linkedin
Hong Kong plans September go-live for blockchain-based trade financeHong Kong plans September go-live for bloc...
10145 views comments | 9 tweets | 17 linkedin
Mastercard enlists Worldpay to push Vocalink's Pay by Bank appMastercard enlists Worldpay to push Vocali...
9668 views 19 comments | 15 tweets | 30 linkedin
IBM to test dollar-pegged 'stablecoin'IBM to test dollar-pegged 'stablecoin'
6622 views comments | 4 tweets | 14 linkedin
Bringing about new systems and faster payments globallyBringing about new systems and faster paym...
6436 views comments | 2 tweets | 7 linkedin

Featured job

to GBP £120K base, double ote, benefits
Frankfurt, Germany

Find your next job