Real-time gross settlement

Trust in the ECB – insights from the Consumer Expectations Survey

Retrieved on: 
Tuesday, April 23, 2024
Well, Subjective, Applied economics, United, Principal component analysis, United Nations, Distrust, PCA, Psychology, Trust, SSRN, European Commission, Marketing, Inflation, World Economy, Democracy, Central Bank of Myanmar, ECB, Unemployment, Education, Policy, Woman, Section 4, Russell Sage Foundation, De Nederlandsche Bank, Fatigue, Canadian International Council, Eurosystem, Section 3, Computer science, Communication, Knowledge, Journal, Research, Public policy, DNB, Real-time gross settlement, Literature, CES, European Central Bank, Civil service commission, Academy of Management Review, Software, Central bank, Rotation, Political economy, Consumer confidence index, European Parliament, Springer, Perception, PP, Distinction, Literacy, Deutsche Bundesbank, Granularity

This article shows that trust in the ECB needs to be analysed and understood as a multifaceted concept. Analysis of data from the Consumer Expectations Survey shows that trust is not a matter of “yes” or “no”

Key Points: 


This article shows that trust in the ECB needs to be analysed and understood as a multifaceted concept. Analysis of data from the Consumer Expectations Survey shows that trust is not a matter of “yes” or “no”

Global Banks Progressing towards Go-live on the Finteum Platform

Retrieved on: 
Tuesday, August 8, 2023
Federal Reserve, DLT, CAD, Risk management, USD, Real-time gross settlement, JPY, Risk, FX, Buffer, RTGS, UBS, BNY, CHF, NatWest, GBP, Software, Cryptocurrency, Mobile phone, Bank, EUR

The Finteum Platform is an execution venue that brings intraday funding capabilities to the global interbank market.

Key Points: 
  • The Finteum Platform is an execution venue that brings intraday funding capabilities to the global interbank market.
  • The banks progressing with the integration work and planning to go live soon include UBS and NatWest.
  • Intraday FX swaps and intraday repo are recognised to be an increasingly important part of liquidity management strategies at global banks.
  • Finteum is building out the second wave of banks that will go live on the platform in 2024 and will start benefiting from intraday markets.

eCurrency and CMA partner to provide an integrated CBDC - RTGS solution for Central Banks

Retrieved on: 
Monday, June 26, 2023
RTGS, DSC3, Partnership, CBDC, CMA, Digital, Digital currency, Real-time gross settlement, Cryptocurrency, Audit

OAKLAND, Calif., June 26, 2023 /PRNewswire/ -- eCurrency Mint and CMA announced today that they are partnering to provide central banks an integrated Real Time Gross Settlement (RTGS) and eCurrency Central Bank Digital Currency (CBDC) solution.

Key Points: 
  • OAKLAND, Calif., June 26, 2023 /PRNewswire/ -- eCurrency Mint and CMA announced today that they are partnering to provide central banks an integrated Real Time Gross Settlement (RTGS) and eCurrency Central Bank Digital Currency (CBDC) solution.
  • We are excited to bring the benefits of our partnership to central banks," said Jonathan Dharmapalan, CEO, eCurrency.
  • The partnership between eCurrency and CMA provides central banks with a secure and efficient infrastructure to issue and redeem digital currency created by the central banks.
  • CMA's RTGS plays a vital role for central banks as does eCurrency's CBDC solution, therefore it is crucial that the two systems are tightly integrated.

eCurrency announces Centralized CBDC capability

Retrieved on: 
Tuesday, April 25, 2023
Chief security officer, RTGS, Decentralization, API, DSC3, CBDC, Centralisation, Digital, Real-time gross settlement, Community business development corporation, Cryptocurrency

OAKLAND, Calif., April 25, 2023 /PRNewswire/ -- eCurrency Mint Inc. announces the release of the eCurrency Centralized CBDC platform to complement its Decentralized and Hybrid CBDC platforms.

Key Points: 
  • OAKLAND, Calif., April 25, 2023 /PRNewswire/ -- eCurrency Mint Inc. announces the release of the eCurrency Centralized CBDC platform to complement its Decentralized and Hybrid CBDC platforms.
  • eCurrency Mint is the leading CBDC technology provider enabling central banks to securely mint, issue, distribute and monitor digital currency.
  • "We are pleased to add Centralized CBDC capability to our offerings, reinforcing eCurrency as the leading CBDC technology provider.
  • Banks and financial intermediaries can continue to operate their own payment and wallet platforms and interface seamlessly with the eCurrency CBDC solution.

Christine Lagarde: Interview with Jutarnji List

Retrieved on: 
Monday, January 16, 2023
People, Government, Income, Time, School, NCB, Treaty, Czech Republic, Communication, European Central Bank, Decision-making, EU, Real-time gross settlement, GDP, News, Bird, National bank, Frankfurt, ERM, Public sector, Face, Governing Council of the European Central Bank, Family, Growth, Jutarnji list, Policy, European Exchange Rate Mechanism, Hawk, Schengen Area, ECB, Board of directors, Central bank, Personal ordinariate, Union, Czech, Tourism, Reproduction, NCBS, Customer service, Nightclub, Bank, Healthcare, Animal, Management, Eurosystem

After the shortest period in the ERM II of all new EU Member States, Croatia is now also about to join the euro area.

Key Points: 
  • After the shortest period in the ERM II of all new EU Member States, Croatia is now also about to join the euro area.
  • Croatia has implemented reforms and the necessary restructuring and done everything to continue to have sound public finances.
  • To what extent have these new circumstances changed the narrative in terms of the costs and benefits of introducing the euro?
  • *
    It is good to have the euro because it can operate as a shield.
  • I am old enough to remember when France became a member of the euro area and we exchanged the franc for the euro.
  • We were also worried that abandoning our currency and adopting the common currency might have grave consequences in terms of higher prices and less independence.
  • The initial concern that prices will be a little higher can be allayed.
  • I am certain that the Croatian government has taken the necessary steps, such as ensuring prices are clearly displayed in both kuna and euro.
  • In France, too, we were able to monitor the prices in both francs and euro for about half a year.
  • At the moment, ECB policy rates must be higher to curb inflation and bring it down to our target of 2%.
  • That process is essential because it would be even worse if we allowed inflation to become entrenched in the economy.
  • So, we must do it now, but this is in no way connected to Croatia introducing the euro.
  • What do ECB procedures say on this, what practices were employed by other new members of the euro area?
  • All these projections are based on an assumption of no additional shocks or worsening of the difficulties we are facing.
  • Obviously, the three important words “whatever it takes” apply almost equally to inflation as they did to the euro?

Croatia introduces the euro

Retrieved on: 
Monday, January 16, 2023
Calendar, Communication, Single, European Central Bank, Single Supervisory Mechanism, Real-time gross settlement, National bank, Frankfurt, Family, ECB, Central bank, Lagarde, Reproduction, Security printing, Property management, Bank, EU, Eurosystem

- PRESS RELEASE

Key Points: 
  • - PRESS RELEASE
    Croatia introduces the euro
    1 January 2023
    - Euro banknotes and coins start circulating in Croatia
    - Hrvatska narodna banka joins Eurosystem
    - Croatia becomes 20th euro area member
    - Hrvatska narodna banka now also full member of Single Supervisory Mechanism following period of close cooperation
    The euro entered into circulation in Croatia today, bringing the number of European Union (EU) Member States using the single European currency to 20.
  • “Croatia worked hard to become the twentieth member of the euro area, and it succeeded.
  • It shows the euro is an attractive currency which brings stability to its members.”
    With Croatia joining the euro area, Hrvatska narodna banka, the country’s national central bank, becomes a member of the Eurosystem.
  • The euro area’s central banking system comprises the ECB and the national central banks of those countries whose currency is the euro.

Monetary policy communication – past ECB policymakers commend Bank’s progress and call for more

Retrieved on: 
Friday, November 11, 2022
Calendar, Working paper, S, ECB, Central bank, Communication, Fear, Governing Council of the European Central Bank, Risk, Real-time gross settlement, Governor, NCB, A, Uncertainty, European Central Bank, No, Time, Journal of Monetary Economics, Policy, NCBS, RESEARCH, Monetary economics, Journal, Directorate, Social media, De Nederlandsche Bank, Blinder, Personal ordinariate, Central Bank of Ireland, Political economy, Board of directors, Language, Decision-making, Bank, Journal of Political Economy, Trust, Marketing, Cryptocurrency, Public relations, Risk management, Communications satellite, Bookkeeping, Management, Ehrmann, Samarina

This is not surprising central banks need to explain increasingly complex monetary policies, often in the context of broader mandates.

Key Points: 
  • This is not surprising central banks need to explain increasingly complex monetary policies, often in the context of broader mandates.
  • In the light of these developments, it is important to assess current communication practices and identify any room for improvement.
  • In the survey we sought their views on euro area monetary policy communication, the related challenges and the road ahead.
  • Nevertheless, some respondents commented on the risk that communication with financial markets can go too far, in particular if market expectations dominate policy.
  • The survey also asked for respondents views regarding the various types of forward guidance, which refers to central banks communicating about the future path of monetary policy.
  • With regard to the representation of individual views, most respondents thought that the ECBs monetary policy communication was about right (Chart 3).
  • Diversity of views on the Governing Council

    Notes: The figure shows the responses to the question In most central banks, monetary policy is set by a committee.

  • Whereas some central banks encourage that the diversity of views on the committee is represented in the external communication, others have adopted a one-voice policy.
  • Where, in your view, is the monetary policy communication by Governing Council members located along this spectrum?
  • Overall, the respondents assessed the ECBs monetary policy communication as broadly adequate.
  • These results reveal that, from the perspective of former policymakers, what constitutes effective communication varies across audiences and is likely to evolve over time.
  • Central banks would therefore be well advised to continue assessing and adjusting their communication practices.

Webtel.Mobi's “Metaverse” Platform – With its Potentially Crypto-Replacing Global Digital Currency and CBDC Equivalents – Plans a Special Purpose Vehicle Listing in the US

Retrieved on: 
Wednesday, July 6, 2022
Transfer, Online, Zero, System, Global Operations, GLOBE, Company, International Clearing Union, FX, Telecommunication, Real-time gross settlement, Platform, Smart, Century, Payment, Unbanked, HSBC, KYC, Online and offline, Fulfillment, Person, KPMG, Organization, Goldman Sachs, TUV, Morgan Stanley, Acquisition, Lists of publishing companies, Standard, Ecosystem, AML, London Stock Exchange, Commercial, Australian Securities Exchange, Telecommunication Infrastructure Company, JPMorgan Chase, Currency swap, Levy Economics Institute, Telecoms & Internet converged Services & Protocols for Advanced Networks, Virtual, International, Tuv, WM, London, Shareholder, Levy, CBDC, United Kingdom, Privacy, Name, Motherboard, NEW, Digital currency, SPV, Cryptocurrency, Mobile phone, Warehouse, Security (finance), Citigroup, Metaverse, Finance, Global, Landline

LONDON and NEW YORK, July 06, 2022 (GLOBE NEWSWIRE) -- Global Telephony Provider Webtel.mobi (“WM”) is planning to list an SPV holding a percentage of its shares on a US Stock Exchange. Significant interest is being generated both because of the wide range of products and services provided globally by WM’s AI-controlled “Metaverse” Platform, and the potential volumes in this market sector.

Key Points: 
  • Although WM does not refer to its Platform as being a Metaverse Platform, but rather as a Whole Market Platform, commentators have increasingly referred to it as a Metaverse.
  • Some experts regard WMs Global Multicurrency Digital Currency and CBDC equivalents as a potential replacement for Cryptocurrencies and Stablecoins, while others view its TITAN Global Account Number and ICLM Transfer System as a proven alternative to the global SWIFT System.
  • The TUV System: The Company provides three types of TUV:
    The Standard TUV: A Global, Multicurrency Digital Currency equivalent and CBDC equivalent.
  • This aspect together with its capacity for its conversion between currencies further protects against currency depreciation / currency crashes and inflation.

Payments Canada launches Lynx, Canada's new high-value payment system

Retrieved on: 
Wednesday, September 1, 2021
Transfer, Finance Secretary (India), Ecosystem, BMO, ATB, Treasurer, National bank, SWIFT, Alberta, Scotiabank, Payment, Laurentian Bank of Canada, LVTS, Growth, Technology, RTGS, HSBC Bank Canada, BNP Paribas, Leadership, Efficiency, Automated clearing house, Central, API, Bank of America, Desjardins, National Bank of Canada, ISO, Digital banking, ICICI Bank, Senior, Bank, Safety, First Nations Bank of Canada, Head, Marketing, ATB Financial, Compliance, Bank of Canada, IBM, ACSS, Real-time gross settlement, CIBC, RBC, Payment card, Management, Financial services, Mobile phone, Cryptocurrency, Online shopping

Payments Canada is a public purpose organization that owns and operates Canada's payments systems, Lynx and the Automated Clearing and Settlement System (ACSS).

Key Points: 
  • Payments Canada is a public purpose organization that owns and operates Canada's payments systems, Lynx and the Automated Clearing and Settlement System (ACSS).
  • Payments Canada is working closely with the payments ecosystem to modernize Canada's payments systems to ensure Canada and Canadian businesses remain globally competitive.
  • - Anindo Chakrabarty, Head of Payments and Clearing Canada, BNP Paribas
    "Central 1, on behalf of the Group Clearer, is pleased to be among the 16 direct participants working with Payments Canada and Bank of Canada to implement this important new system for high value payments that anchors almost every payment made in Canada.
  • "ICICI Bank Canada is privileged to be part of this journey to modernize the Canadian payment industry, led by Payments Canada.

Middle East and Africa Real-Time Payments Trends Report 2021 - ResearchAndMarkets.com

Retrieved on: 
Wednesday, August 25, 2021
Professional Services, Finance, Finance Secretary (India), GIP, Volume, RTC, Real-time, Growth, Adoption, UAEFTS, RTGS, BHD, NGN, SADC, Value, SAR, Value (ethics), Industry, KES, Solution, EGP, EFTS, Payment system, Real-time gross settlement, IPI, News, IP, Online shopping, Bank, Ridesharing company, Online gambling

The "2021 Key Trends of the Payment Industry: Real-Time Payments in the Middle East and Africa" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "2021 Key Trends of the Payment Industry: Real-Time Payments in the Middle East and Africa" report has been added to ResearchAndMarkets.com's offering.
  • According to figures cited in this report, in general, the Middle East has been growing in terms of values and volumes of payments via the local Real-Time payment systems during 2020.
  • Nevertheless, many of their solutions are still only near real-time, and some, like Israel's Zahav, are not available 24/7.
  • For example, in November 2020, Namibia surpassed South Africa in terms of value per transaction made through SADC, the regional cross-border RTGS for Southern African countries.