The Bank of Israel reportedly plans to wait until another advanced economy launches a central bank digital currency (CBDC) before introducing one of its own. The European Central Bank (ECB) is likely to be the first to do so, “and then you may see a...
A European Central Bank board member is warning of threats tied to shadow banking. In an interview with the Financial Times published Wednesday (July 10), Elizabeth McCaul said the growth of hedge funds, private credit providers and other sources of financing outside the regulated banking system is the largest threat to...
The Federal Reserve is investigating possible effects generative artificial intelligence (AI) may have on productivity, inflation and the labor market, Fed Chair Jerome Powell said Tuesday (July 2). Speaking during a panel discussion at the European Central Bank’s Forum on Central Banking in Portugal, Powell...
European Central Bank (ECB) governing council member Françoise Villeroy de Galhau reportedly said Wednesday (May 29) that mergers of banks in different European countries should be no harder than those between banks in the same country. Currently, banking markets in the region are drawn along...
September 05, 2023
In Europe, the digital currency battleground is shaping up to be one where the central banks are on one side, and private issuers are on the other. And it may be the case that, as a result, stablecoins face the headwinds of adoption in fragmented landscape — adopted in some regions of the world, hobbled […]
May 03, 2023
Online business-to-business (B2B) marketplaces are fast growing in popularity, helping to accelerate digital payment innovation in the business space. According to a research study by McKinsey, global sales generated via...
January 09, 2023
Eurozone inflation has dropped back into the single figures after two months of double-digit rates. The latest figures from the EU statistics agency Eurostat estimate that the annual inflation rate...
January 06, 2023
The way consumers shop and pay has been clearly digitized in recent years. There are dozens of reports and surveys that attest to this fact, including PYMNTS’ quarterly Connected Economy...
July 18, 2024
The outage at Swift that affected the Bank of England also impacted the European Central Bank. The outage, which lasted for several hours on Thursday (July 18), disrupted high-value transactions across Europe, the Financial Times (FT) reported Thursday. The European Central Bank said its settlements system was affected by the Swift outage, according to the […]
July 11, 2024
The Bank of Israel reportedly plans to wait until another advanced economy launches a central bank digital currency (CBDC) before introducing one of its own. The European Central Bank (ECB)...
July 10, 2024
A European Central Bank board member is warning of threats tied to shadow banking. In an interview with the Financial Times published Wednesday (July 10), Elizabeth McCaul said the growth of hedge funds, private credit providers...
July 02, 2024
The Federal Reserve is investigating possible effects generative artificial intelligence (AI) may have on productivity, inflation and the labor market, Fed Chair Jerome Powell said Tuesday (July 2). Speaking during...
