The financial sector is among the “most exposed” to both the benefits and the risks of artificial intelligence (AI), the Bank for International Settlements (BIS) said...
As the world gets increasingly globalized, the ways that businesses transact become more important. With the Bank for International Settlements’ Committee on Payments and Market...
A global financial watchdog is warning against the risks of digitalization in the financial world. The Bank for International Settlements’ Basel Committee on Banking Supervision issued a report Thursday (May...
Bundesbank’s president said central banks must speed the adoption of digital currency to remain viable. “If you would have asked me 20 years ago if...
A business-to-business (B2B) payment is never just a payment. The global B2B marketplace, with an annual payments volume over $100 trillion, is supported by a...
Tokenization is gaining momentum on the global stage, and with commercial applications. The Bank for International Settlements announced Wednesday (April 3) that it is working in tandem...
Stablecoins need more regulation. Stablecoins might, in some cases, cause runs. And as government officials and financial institutions (through the Bank for International Settlements) sound...
The farther payments travel, the greater the potential is for failure. Cross-border transactions, as they wend their way across currencies and time zones, with any...
Stablecoins have held the promise of serving as a link between the cryptocurrency realm and traditional financial services. Turns out that nowadays, the digital holdings...