Currency Research’s Post

Unlocking the Future: Exploring the Potential of #EPI in the European Payments Landscape. My colleague Patrick Machado will be on stage at the World Banking Forum in Lisbon talking about the future of #payment in Europe. #banking #digitaleuro #criticalsoftware

World Banking Forum is thrilled to welcome Patrick Machado, Principal Engineer for #Digital Finance Solutions from Critical Software on stage of Spring Forum Edition! 🔎 Patrick is joining next week's interactive Panel Discussion on the topic: Unlocking the Future: Exploring the Potential of #EPI in the European Payments Landscape 👉 Check full Agenda on worldbankingforum.org We cannot wait to welcoming brightest banking minds in Lisbon, on 16-17 May! Join us 🚀 Critical Software is a trusted World Banking Forum Partner. Don't forget to visit their booth during the conference! #worldbankingforum #WBF2024 #bankingInnovation #futurebanking #RiskManagement #AI #Data #DataAnalytics #DataManagement #FinancialSector #Banking #ModelRiskManagement #DigitalTransformation #Payments #PaymentsInnovation #Regulation #FuturePayments #Eurozone

As part of the BIRD Prototyping Working Group, an initiative by the European Central Bank, our team is actively contributing to the evolution of banking data management standards and helping institutions across Europe prepare for the future. 🏦   🔍 From streamlined reporting to enhanced data quality, the Banks’ Integrated Reporting Dictionary (#BIRD) and the Integrated Reporting Framework (#IReF) frameworks are shaping a new era for regulatory compliance.   Swipe through our carousel to learn more and discover our approach to data at https://lnkd.in/dXmS_cy2   linkconsulting.com Embrace the digital disruption with us.   #LinkConsulting #Regtech #FinancialServices

Shaping the future of banking data management standards. As part of the ECB's BIRD Prototyping Working Group, Link is driving the adoption of #BIRD and #IReF frameworks, transforming regulatory compliance and empowering financial institutions across Europe.

📢 The 2024 Americas Cash Cycle & Payments Seminar is coming soon! Will we see you in New Orleans? You won’t want to miss out on the exciting program we’ve put together! 🗓️ Our fully updated agenda includes LatAm Day, a pre-conference AI for Supervisory Innovation bootcamp, panels and presentations on trends and innovations in the cash cycle 💵, and explorations into shifting retail payments behaviors and potential digital currency use cases… a truly holistic view of where cash and payments are (and where they’re headed) in the Americas 🌎. More agenda details are available here: https://hubs.li/Q02S7h2R0 PLUS … there’s still time to take advantage of special discounted hotel rates, but the clock is ticking ⏰! Reserve your room by October 9th and get BIG SAVINGS 💸 for your stay in the ‘Big Easy’ 🎷. You won’t find a better deal in town. 👉 Sign up now to join us in New Orleans for the Americas Cash Cycle & Payments, November 4–7, 2024. https://hubs.li/Q02S7gCP0 #AmericasCCPS2024 #AmericasCCS2024 #iccos #Cash #CashManagement #FutureofCash #Centralbanks #CurrencyNews #FinancialInclusion #CashCycle #CommercialBanks #ATMs #getcoinmoving

Here's my 2024 LinkedIn Rewind, by Coauthor.studio: 2024: Where Regulatory Evolution Meets Technological Innovation The AML Package and MICAR regulations didn't just change banking rules - they redefined how financial institutions must approach digital transformation and compliance. My journey from retail banking specialist to Expert at Banca d'Italia - Eurosistema reflects this broader industry shift towards sophisticated regulatory understanding and technological adaptation. Key Professional Milestones: • Appointed Expert at Banca d'Italia, focusing on emerging financial technologies and regulatory frameworks • Developed deep expertise in EU regulatory implementations, including detailed analysis of MICAR and AML Package • Generated significant professional network engagement through targeted regulatory insights Three Posts That Defined My Professional Perspective: 1. "Activation of Systemic Risk Capital Reserve for Italian Banks" Analysis of Banca d'Italia's strategic capital buffer implementation https://lnkd.in/dMKEhRy8 2. "AML Package Publication in EU Official Journal" Comprehensive breakdown of new anti-money laundering regulatory framework https://lnkd.in/dFbJ_jjn 3. "Digital Euro: Central Bank Progress Report" Critical examination of digital currency technological and regulatory challenges https://lnkd.in/duf9d9FE Looking ahead to 2025, I'm committed to advancing our understanding of how emerging technologies intersect with robust regulatory frameworks. My focus remains on contributing to the Eurosystem's strategic vision of maintaining financial stability while embracing digital innovation. The most powerful insights emerge not from resisting change, but from understanding its complex regulatory implications. #BankingRegulation #EURegulation #FinancialTechnology #CentralBanking #LinkedInRewind #Coauthor #2024wrapped

A recent joint report by the Bank for International Settlements – BIS and the Committee on Payments and Market Infrastructures (CPMI), presented to the #G20, explores the #tokenization of money and other assets and its implications for #centralbanks. Here are some key insights from the BIS and CPMI joint report on tokenization: ✅ Tokenization Defined: It refers to digitally representing traditional assets on programmable platforms like Distributed Ledger Technology (DLT). ✅ Multi-Asset Platforms: Token arrangements enable multi-asset, multi-function transactions on a single platform, improving integration. ✅ Efficiency Gains: Tokenization can reduce transaction costs, increase transparency, and speed up processes, especially for cross-border payments. ✅ Programmability: Automation through smart contracts enables conditional transactions like atomic settlements (e.g., DvP), eliminating risks. ✅ Risks: Legal uncertainties, operational, credit, and liquidity risks are significant challenges for tokenized systems. ✅ Central Bank Role: Central banks must provide settlement assets (e.g., CBDCs) and ensure interoperability across platforms. ✅ Market Impact: Tokenization could affect monetary policy and the demand for central bank money. ✅ Public-Private Collaboration: Cooperation is essential for managing risks and promoting standardization. ✅ Network Effects: Token arrangements thrive on network effects but need critical mass to scale. As a leader in real-world asset tokenization, Zoniqx has been pioneering innovative solutions in this space, offering #compliant and #interoperable platforms that address the challenges of tokenized financial markets. Zoniqx's ecosystem integrates tokenized asset lifecycle management, ensuring secure, scalable, and efficient tokenization across multiple asset classes. By leveraging cutting-edge solutions, Zoniqx is enabling central banks and financial institutions to unlock the full potential of digital tokens. 👉 For any partnership or sales inquiries, contact the Zoniqx team here: https://lnkd.in/e47SA2q4 👉 Stay updated with all Zoniqx news by following us on Telegram: https://lnkd.in/eppgDWbg #BIS #Tokenization #CentralBanks #FinancialInnovation #Zoniqx #DLT

Financial Stability Board (FSB), “Recommendations to Promote Alignment and Interoperability Across Data Frameworks Related to Cross-border Payments” In October 2020, the FSB published the Roadmap for Enhancing Cross-border Payments, developed in coordination with the Bank for International Settlements’ Committee on Payments and Market Infrastructures (CPMI) and other relevant international organisations (IOs) and standard-setting bodies (SSBs) to address the four challenges faced by cross-border payments of high costs, low speed, limited access and insufficient transparency and the frictions in existing processes that contribute to these challenges. The Roadmap was endorsed by G20 Leaders. The FSB, the CPMI and partner bodies subsequently identified priority themes to take the Roadmap forward. These included enhancing interaction between the laws, rules, and regulatory requirements for collecting, storing, and managing data (referred to as “data frameworks” in the Roadmap) related to cross-border payments. This consultation report presents the outcome of the FSB’s analysis. Comments are requested on 12 policy recommendations to promote alignment and interoperability in data frameworks related to cross-border payments. H/T : Maha Al-Saadi ——— #dataaccess #datainteroperability #FMI #globalsupplychain #crossboarderpayments #securefinancing #fraudprevention #tradefinance #openbanking #fintechdataplatform #tradematters #sustainability #digitaltrade #globaltrade #FinancialMarketInfrastructure #technology #LEI #digitalidentity #C4DTI #paperless #digitalidentities   #innovation  #digitalisation #paperlesstrade #digitaltransformation   #digitaltradechampion #digitaltradeevangelist #openfinance #internationaltrade #digital #crossbordertrade #smartdata #cbdc #regtech #suptech #payments #innovation #banks #digitalrevenueimpact #risk #regulations #digital #m2mi #cybersecurity #risk #banking #embeddedfinance #openbanking #sustainablefinance #iot #money #bankofengland #digitaleconomy #fintech #multicurrency #privacy #artificialintelligence

The 2024 Americas Cash Cycle and Payments Seminar promises to be an invaluable experience for anyone involved in the cash and payments industry. Here’s a sneak peek into the key sessions you won't want to miss: 💡 **General Session 1: Central Bank Trends in Cash & Payments** Join us as Central Banks from different countries update the audience on the latest trends in users’ payment behaviors. This is a unique opportunity to understand how central banks adapt to the evolving payment landscape. 🔍 **General Session 2: Advancements in Cash Processing, Handling, Management, New Technologies & Automation** Discover the cutting-edge advancements in cash processing, handling, and management. Learn about the latest technologies and automation innovations from key industry players, including Commercial Banks, CITs, and technology suppliers. This session is essential for staying ahead in the cash industry. 📈 **General Session 3: Real-time Payments Update** Stay updated with the latest developments in real-time payments in the US and Latin America. This session will provide critical insights into the future of real-time payments and how they are transforming the financial ecosystem. Don’t miss out on this opportunity to connect with industry leaders and gain valuable knowledge on the future of cash and payments! For more information and to register, visit: https://hubs.li/Q02GdzN70 #AmericasCCPS2024 #AmericasCCS2024 #CentralBankTrends #RealTimePayments #iccos #Cash #CashManagement #FutureofCash #Centralbanks #CurrencyNews #FinancialInclusion #CashCycle #CommercialBanks #ATMs #getcoinmoving

I’m pleased to share another paper in FRL with two great coauthors (Alberto Citterio and Rosella Locatelli). Our paper titled ‘Is digital transformation profitable for banks? Evidence from Europe’ constructs a novel digitalisation index to examine the conditions when digital channel development can enhance bank profitability.  https://lnkd.in/dCq4jfaD #banking#digitilisation#fintech