The Bank of England (BoE) is pushing ahead with an overhaul of a key part of the United Kingdom’s financial payments infrastructure. The U.K.’s central bank announced on Thursday (July 30) that it has hired IT firm Accenture to revamp and modernize what is known...
Enterprise software firm SAP is teaming up with professional services firm Accenture and blockchain company R3 to develop a distributed ledger technology (DLT) solution that aims to accelerate the settlement of payments between banks and customers. A press release issued on Thursday (Oct. 24) said...
After selling up to $20 million in U.S. cash to banks to trade on a new forex interbank market, Zimbabwe’s central bank is now running out of dollars because of the high demand. The country has been dealing with a severe cash shortage that has...
It's a daunting challenge for a country to create its own real-time gross settlement (RTGS) system, much less seamlessly migrate to it. However, third-party infrastructure providers can ease that burden, says SIA’s Mario De Lorenzo. In the latest Faster Payments Tracker, De Lorenzo tells PYMNTS...
June 26, 2023
eCurrency Mint has joined forces with financial markets solutions provider CMA. The partnership, announced Monday (June 26), will provide customers with an integrated real-time gross settlement (RTGS) and central bank digital currency (CBDC) solution. “This collaboration operationalizes CBDC allowing seamless support for commercial banks and other intermediaries to access currency in both physical and digital form,” the companies said […]
July 30, 2020
The Bank of England (BoE) is pushing ahead with an overhaul of a key part of the United Kingdom’s financial payments infrastructure. The U.K.’s central bank announced on Thursday (July...
February 28, 2019
After selling up to $20 million in U.S. cash to banks to trade on a new forex interbank market, Zimbabwe’s central bank is now running out of dollars because of...
July 24, 2018
A revamped Bank of England (BoE) payments system is expected to connect with FinTech firms using distributed ledger technology (DLT). According to Reuters, the new plans will see the payments...
