Iris Software Inc.’s Post

Innovations in Central Bank Digital Currencies (CBDCs) could redefine the concept of money and transform payments and banking systems. Our new perspective paper addresses factors driving the implementation of CBDCs, challenges with their adoption, and potential ramifications for the financial landscape. Download the perspective paper here https://lnkd.in/gu3_rbw4   #DigitalCurrency #CBDC #DigitalTransformation #Payments #Banking #DLT #IrisSoftware

Innovations in Central Bank Digital Currencies (CBDCs) could redefine the concept of money and transform payments and banking systems. Our new perspective paper addresses factors driving the implementation of CBDCs, challenges with their adoption, and potential ramifications for the financial landscape. Download the perspective paper here https://lnkd.in/dbQwp3pY   #DigitalCurrency #CBDC #DigitalTransformation #Payments #Banking #DLT #IrisSoftware

Ensuring privacy is a top priority for consumers when it comes to digital payments. The EBA's Daniel Szmukler shares some insights of the EBA Digital Currency & Smart Payments Working Group who identified privacy as one of the key features and use cases for a digital euro. Learn more about the working group's findings https://bit.ly/3Mvfj1S. EBA members can download the full working group reports via the EBA Member Portal. Register here for access: https://bit.ly/2TLLAqD #digitalcurrencies #cbdc 

More than ever, this solution is critical to commercial banks, Non-banks Financial Institutions and Central Banks to mitigate FX risks and access major & emerging markets currencies. We, at CAB are committed to move money where is needed! #fx #emergingmarkets #centralbanks #crossborderpayments

Central bank digital currencies (CBDCs) might represent the future of money, but it is vital to listen to consumer concerns about privacy and incorporate features that enhance privacy in digital payments when designing a retail #CBDC, according to Daniel Szmukler, Director and Head of Innovation, Member Relations and Strategic Engagement for the Euro Banking Association (EBA). #aerialview #aerialviewbites #cutthroughthecorporate #digitaleuro #bnymellon #finance #money

Has your central bank played a key role in the implementation of best practice in payments, clearing, settlement or similar initiative? If so, submit an entry for the Payment and Market Infrastructure Development Award. Judges will be looking to ensure the infrastructure meets a public need in a rigorous and cost-effective manner, likely harnessing new technology and/or approaches. If you believe that your central bank or another is deserving of this award, enter for free: https://hubs.li/Q027VPb10 *Central bank categories are open to all central banks and official institutions, regardless of size, location or ownership.* Deadline for entries: November 17, 2023 #CBAwards2024 #centralbanking #awards #paymentandmarketinfrastructure #centralbanks

Modernizing Financial Markets with Wholesale Central Bank Digital Currency (wCBDC) | World Economic Forum Insight Report | April 2024 https://lnkd.in/dHEn-dM4 Over 98% of the global economy’s central banks are researching, piloting or deploying central bank digital currency (CBDC). There is an opportunity to harness this innovation in central bank money to enhance systemically important payments and securities transactions between financial institutions. #global #economics #currency #digital #finance #payments #banking #transactions #financialmarkets

What are the challenges caused by the current state of cross-border payment infrastructures? 1️⃣ Fragmented liquidity, data standards and poor interoperability; 2️⃣ Compliance complexities and delays impacting liquidity pots' time, cost and transparency; 3️⃣ Risks caused by different operating hours of banks and central banks. With an always-on on-chain settlement network, #Fnality participants will be able to make payments 24/7, accelerating payments, optimising processes whilst reducing costs & risks. #onchainpayments 

Modernizing Financial Markets with Wholesale Central Bank Digital Currency (wCBDC) - April 18, 2024 A new report issued by the World Economic Forum addressing wholesale Central Bank Digital Currency. The report can be downloaded from the below link. Abstract as per WEF: Over 98% of the global economy’s central banks are researching, piloting or deploying central bank digital currency (CBDC). There is an opportunity to harness this innovation in central bank money to enhance systemically important payments and securities transactions between financial institutions. #CBDC #CentralBankDigitalCurrency #CentralBank #paymentsinnovation #digitalcurrency #financialmarkets #securitiestransactions #innovation #payments https://lnkd.in/d4wfXvvH