Central banks must balance innovation and risk mitigation when looking to adopt artificial intelligence, the Bank for International Settlements (BIS) said in a report released...
Better payments help power better businesses. But across the B2B landscape, where payments can often entail intricate workflows, such as multi-entity approval processes, compliance checks,...
A Bank for International Settlements (BIS) committee has announced the next steps it will take to promote the adoption of its harmonized ISO 20022 data requirements...
The Bank for International Settlements (BIS) says it has demonstrated that regulatory compliance can be embedded in cross-border transaction protocols. BIS announced Tuesday (Oct. 29) it made this...
While there are potential benefits to the tokenization of money, there are also costs and risks that need to be considered, the Bank for International...
Interlinking fast payments systems (FPS) across different jurisdictions could enhance cross-border payments, making them low cost, fast, easy to access and transparent, the Bank for...
Some of the world’s biggest banks and payments firms are teaming to rethink cross-border payments. As Bloomberg News reported Wednesday (Sept. 18), the Bank for International Settlements (BIS) has...
The concept behind tokenization is simple. Tokenization is a tech-enabled way to safeguard sensitive information by replacing it with non-sensitive, scrambled strings of information. The...
Artificial intelligence is poised to transform the financial sector and broader economy, creating opportunities and risks that central banks must navigate carefully, according to a...