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BIS

Banking
BIS To Open Four New Innovation Hubs Over Next Two Years
The Bank for International Settlements (BIS) Innovation Hub is planning on adding four new locations in Europe and North America, according to...
Security & Fraud
BIS: Wirecard Debacle Could Trigger Revamp Of Payment Regs
The stunning demise of Germany’s Wirecard AG could lead to a revamp of some of the rules governing the international payments sector,...
Cryptocurrency
Private/Public Partnerships Could Boost Central Bank Digital Currencies
The movement toward digital currencies may be a bit of an arms race of sorts, for now. But the question arises: Once...
Digital Payments
Tailwinds Gather For Digital Dollars, Digital Bank Accounts (At The Fed)
The stimulus checks — some of them, anyway — are coming, via direct deposit, to tens of millions of Americans’ bank accounts...
Bank Regulation
BIS Looks For ‘Prudential’ Crypto Rules
The Basel Committee has said in a paper that a “prudential” regulatory framework should be constructed by stakeholders in a bid to...
Security & Fraud
Avast Cybersecurity Firm Targeted By China Hack
Czech cybersecurity company Avast was hacked by an outside actor suspected to have ties to China. Reuters is reporting that both Czech...
Cryptocurrency
The Central Bank Conundrum On Cryptos
For central banks, when it comes to cryptocurrencies, there’s no central theme. Whether the advent of digital coins signifies an existential threat...
Economy
BIS: Big Banks Lower-Risk, More Resilient Than Pre-Crisis
The Bank for International Settlements said the world’s biggest banks are actually more resilient and pose less of a risk to the...
Regulation
BIS Advocates Bank Oversight Of Blockchain
In finance, now comes automated, embedded supervision. Maybe. To that end, the Bank for International Settlements (BIS) said in a paper titled...
B2B Payments
APIs For FinTech Firms And Installment Plans
Programming innovations are making inroads, and are used by FinTech firms and banks to offer financial services to corporations and consumers. This week’s...
B2B Payments
BIS Warns About Corporate Borrowing
The Bank for International Settlements (BIS) has sent out a warning about the rise in corporate borrowing, saying it could be a...
Banking
BIS Debuts Innovation Hub To Help Central Banks Collaborate
The Bank for International Settlements (BIS) has announced the launch of a BIS Innovation Hub to enable central banks around the world...
Regulation
G20 Finance Board: Libra Will Need To Be Watched Closely
Randal Quarles, chair of the Financial Stability Board (FSB), said there won’t be a specific item on the agenda about Facebook’s Libra...
Security & Fraud
Crypto Regulation To Tighten Scrutiny On Money Laundering
Amid the announcement of a new cryptocurrency – that would be Libra – the Financial Action Task Force (FATF), which operates as...
Regulation
BIS Report Highlights Regulator ‘Unease’ Over Libra
As tech firms such as Facebook move into the world of finance, the Bank for International Settlements (BIS) said on Sunday (June...
Payment Methods
Report: Richest People In America Have Record-Level Cash Stashes
The wealthiest households in America are stashing cash at record levels, according to a report by Bloomberg. The top 1 percent have...
B2B Payments
BIS Sees Boons, Risks As Alt Credit Gains Traction
Lending from FinTech firms — driven by tech, data and all sorts of innovations — has grown by leaps and bounds. However,...
Bitcoin
Amid Hacks, Bitcoin Is Still Not Ready For Primetime
What’s a currency to do when it can take down the internet? Gain in price, amid growing clamor for it, of course....
Digital Payments
BIS Says Too Early To Gauge Benefits Of Bank-Issued Cryptocurrencies
Central banks that are mulling over issuing their own cryptocurrencies would be better off waiting, said the Bank for International Settlements. According...
International
BIS Warnings Auger Ill for Payments
News that the Bank for International Settlements has cautioned that financial markets are presently in a state of “uneasy calm” begs the...