- EBAday 2025 convenes banking leaders for payments innovation summit in Paris
Event · 27 May 2025
This event brought together payments and transaction banking professionals for a comprehensive summit addressing instant payments implementation, financial crime prevention, and cross-border…
- Financial Stability Board (FSB) consults on recommendations related to data flows and regulation and supervision in cross-border payments.
Report · 16 July 2024
The FSB has proposed recommendations to address frictions in data flows related to cross-border payments and to promote a level playing field between bank and non-bank providers of payment services.…
- Financial Stability Board (FSB) launches forum to address cross-border payments data challenges
News · 27 March 2025
The FSB has established a new Forum on cross-border payments data to tackle inconsistencies in global data frameworks that create unnecessary frictions in international transactions. Following…
- Next-generation monetary and financial system takes shape, based on a tokenised unified ledger: BIS
News · 24 June 2025
The BIS has detailed its blueprint for a tokenised monetary and financial system incorporating the "trilogy" of central bank reserves, commercial bank deposits, and government bonds on a unified…
- Nexus Global Payments (NGP) launches as operational entity to transform cross-border payments
News · 3 April 2025
A consortium of five central banks from India, Malaysia, the Philippines, Singapore and Thailand has formally established NGP in Singapore. This milestone transforms the initiative from a BIS…
- Tool for automated cross-border transaction compliance (Project Mandala)
Solution · 27 October 2024
Project Mandala – a proof-of-concept run by BISIH Singapore Centre, the Reserve Bank of Australia (RBA), the Bank of Korea (BOK), the Central Bank of Malaysia (BNM), and the Monetary Authority of…
- The Bank for International Settlements (BIS) and its central bank partners demonstrate that policy compliance can be integrated into cross-border transactions with Project Mandala.
News · 28 October 2024
The project, a collaboration between the BIS Innovation Hub Singapore Centre, the Reserve Bank of Australia, the Bank of Korea, Bank Negara Malaysia and the Monetary Authority of Singapore (MAS), has…
- RBI’s unified payment interface (UPI) to be extended to 20 countries
1 June 2024
The RBI has said that it intends to extend its instant payments system to 20 countries in the next five years, with the project scheduled for completion by 2029. The financial authority will work…
- Project Nexus finalizes detailed plan to link domestic instant payment systems (IPS) globally and gears up for live implementation.
News · 1 July 2024
The Bank for International Settlements (BIS) and partners have announced the completion of a comprehensive blueprint for phase three of Project Nexus, which will allow ready participants to work…
- Project mBridge reaches minimum viable product (MVP) stage and invites further international participation.
News · 5 June 2024
This initiative, a result of extensive collaboration starting in 2021 between the BIS Innovation Hub and several financial authorities, has reached the MVP stage. The project seeks to investigate a…
- Private sector partners join the Bank for International Settlements (BIS) project Agora to explore the tokenisation of wholesale cross-border payments.
News · 16 September 2024
More than 40 private sector financial firms, convened by the Institute of International Finance, will join the BIS and a group of leading central banks in Project Agorá to explore how tokenisation…
- Financial Stability Board (FSB) consults on recommendations related to data flows and regulation and supervision in cross-border payments.
News · 16 July 2024
The FSB has proposed recommendations to address frictions in data flows related to cross-border payments and to promote a level playing field between bank and non-bank providers of payment services.…
- BIS Committee on Payments and Market Infrastructures (CPMI) reports to G20 on fast payment system interlinking and APIs to provide insights and recommendations to enhance cross-border payments.
News · 15 October 2024
The CPMI has published two reports offering insights into enhancing cross-border payments by facilitating the interlinking and interoperability of payment systems. The report on the interlinking of…
- Bank for International Settlements (BIS) releases details of planned cross-border payments proof of concept (POC)
13 February 2025
The BIS Innovation Hub has released an interim report on Project Rialto, a groundbreaking initiative aimed at transforming the $800 billion retail cross-border payments market. In collaboration with…
- Brunei and Laos central banks formally join Regional Payment Connectivity Initiative (RPC).
News · 3 April 2024
Brunei Darussalam Central Bank and Bank of the Lao are now part of a region-wide initiative that aims to improve cross-border payments in the ASEAN region. There are now a total of eight ASEAN…
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