Tag "Bank for International Settlements (BIS)"

BIS’ Project Agorá Opens to Private Sector for Tokenised Cross-Border Payments

Project Agorá, an initiative by the Bank for International Settlements (BIS) alongside major central banks and the Institute of International Finance (IIF), is moving forward and inviting private sector involvement. The project aims to explore how tokenisation can improve wholesale

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G20 TechSprint 2024 Seeks Solutions for Biodiversity, ESG Data, Sustainable Finance

The Bank for International Settlements (BIS) and the Central Bank of Brazil (BCB) have announced the launch of the fifth G20 TechSprint 2024 initiative. This year’s competition aims to foster innovation in sustainable finance to support the Sustainable Development Goals

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BIS and 7 Central Banks Launch Project Agorá for Tokenised Cross-Border Payments

The Bank for International Settlements (BIS), in concert with seven prominent central banks, has embarked on an exploratory project known as Project Agorá aiming to modernise international monetary transactions. This initiative, named after the Greek word for marketplace, aims to

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BIS Announces New Leadership for Banking and Monetary Departments

The Bank for International Settlements (BIS) has announced the appointment of Luis Bengoechea as the new Head of its Banking Department and Hyun Song Shin as the upcoming Head of the Monetary and Economic Department (MED). Bengoechea, currently serving as

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BIS Publishes New ISO 20022 Data Requirements for Cross-Border Payments

The Committee on Payments and Market Infrastructures (CPMI) of the Bank for International Settlements (BIS) has published harmonised ISO 20022 data requirements for cross-border payments. These requirements will establish a consistent minimum set of messaging standards for more efficient processing

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BIS and Central Banks Launch Project Mandala with Aim to Streamline Global Payments

The Bank for International Settlements (BIS), along with several central banks including the Monetary Authority of Singapore (MAS), launched Project Mandala to examine the potential of embedding jurisdiction-specific policy and regulatory requirements into a common protocol, simplifying cross-border use cases

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BIS, France, Singapore, and Switzerland Report Success in Cross-Border Wholesale CBDCs Test

The Bank for International Settlements (BIS), in collaboration with the central banks of France, Singapore, and Switzerland, have concluded “Project Mariana“. This project examined the cross-border trading and settlement of wholesale central bank digital currencies (wCBDCs) using state-of-the-art decentralized finance

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RBI, BIS Kicks off G20 TechSprint Competition Focused On Cross-Border Payments

The Reserve Bank of India (RBI) and Bank for International Settlements (BIS) has jointly launched the fourth edition of the G20 TechSprint Initiative, a global technology competition to promote innovative solutions aimed at improving cross-border payments, under India’s G20 presidency.

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Ushering in A Golden Era of Payments in Southeast Asia

The payments industry is undergoing a massive shift globally, and for some time now  Southeast Asia has been emerging as a significant regional player pushing innovation and adoption in this lucrative fintech space. Payments in Southeast Asia is evolving at

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Partior Among the Winners of G20 TechSprint Challenge by BIS and Bank Indonesia

The Bank for International Settlements (BIS) and Bank Indonesia has announced the winners of the G20 TechSprint 2022 challenge during a live award ceremony in Jakarta. The G20 TechSprint 2022 focused on solving technology challenges related to wholesale and retail central

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