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John Winchcombe

30 July 2023

5 min read

Securing Your Reputation When Issuing a CBDC

The Bank for International Settlements (BIS) has published its second guide to creating a Central Bank Digital Currency (CBDC). This edition focuses on a security and resilience framework to guide central banks through the critical task of creating a safe CBDC.

CBDC

John Winchcombe

30 July 2023

5 min read

Payment News

Australia’s Commonwealth Bank is to scrap over-the-counter cash withdrawals at new cashless bank branches. Cash will still be available at ATMs.

News

John Winchcombe

30 July 2023

4 min read

Regulatory Challenges of AI

Artificial Intelligence (AI), Machine Learning, ‘big data’ and ChatGPT have now reached the public consciousness in a big way, hence headlines such as ‘Central Bank of Ireland blocks ChatGPT for staff as financial services firms grapple with AI’ and ‘China’s Central Bank Warns Against ChatGPT ‘Data Leaks’.

AI Central Banks Data Analytics

John Winchcombe

30 July 2023

5 min read

News in Brief

Planning for the third euro series is underway. The Theme Advisory Group has issued a shortlist of six themes following an internal voting procedure.

News

John Winchcombe

30 July 2023

4 min read

Cash – a Backstop for Freedom

Let’s talk about Canada’s Prime Minister Justin Trudeau, the Chinese Communist Party (CCP), the UK’s Brexit campaign leader Nigel Farage and cash. Cash, of course, being a key part of the payment system driving economic activity around the world.

Cash Usage Future of Cash

John Winchcombe

30 July 2023

5 min read

Brainstorming Cash Cycle Resilience

At the Currency Conference in May 54 members of the International Association of Currency Affairs (IACA) met to discuss how to build a resilient cash infrastructure, a highly topical subject.

Future of Cash

John Winchcombe

30 July 2023

4 min read

Central Banks and Big Data and Machine Learning

The European Money and Finance Forum has recently published a useful paper on big data and machine learning in central banks.

Central Banks Data Analytics Free Free

John Winchcombe

30 July 2023

4 min read

Expanding the Use of China’s e-CNY

China’s digital currency, the e-CNY, is the world’s largest, longest running and most ambitious Central Bank Digital Currency pilot. Its scale and ambition are huge, as shown by the Governor of the People’s Bank of China (PBOC) who, speaking at a Monetary Authority of Singapore conference, revealed that the e-CNY has had over $250 billion in transactions in its first 18 months since launch.

Digital CN

John Winchcombe

29 June 2023

3 min read

The Metaverse: a New Frontier Needing Exploration

The media rejoices in either claiming the metaverse is dead in the water or that it is booming. Wherever it falls, payments are made in the metaverse, it is a global marketplace and there is the opportunity to do things differently.

AI Cash Usage Digital CN

John Winchcombe

29 June 2023

4 min read

How to Do Demonetisation Well

In 2019 the Central Bank of Kenya demonetised the KES 1,000 banknote. It has issued a comprehensive report on its experience that offers interesting lessons for any central bank planning such an exercise.

Cash in Circulation

Paul Blond

25 June 2023

5 min read

Australia’s Payments System Strategic Plan

Following industry wide consultation at the end of 2022, the Australian Federal Government has published its Strategic Plan for the future of Australia’s payments system setting out a number of policy objectives and priorities. The plan outlines the government’s commitment to ensuring that the country’s payments system is safe, affordable, trusted and will remain readily accessible.

Future of Cash Studies, Reports

John Winchcombe

25 June 2023

3 min read

The Need For A Very Good Reason for a CBDC

The Federalist Society in the US has published a useful, and brief, summary of where key economies are in their CBDC thinking.

CBDC

John Winchcombe

25 June 2023

5 min read

Payments News

Visa carried out a Consumer Payment Attitudes study in Singapore in October 2022. It found that nearly 90% of Singaporean consumers regard cashless payments and mobile banking to be the most eco-friendly option.

News

John Winchcombe

25 June 2023

5 min read

Armaguard/Prosegur Merger Gets the Go-Ahead

Many countries are facing falling cash demand, which is causing problems in the cash cycle. This report, by Paul Blond of the Blond Group LLP, shows the compromises having to be made in Australia as a result.

Country Profile

John Winchcombe

25 June 2023

2 min read

Future of Cash Agenda Made Public

The Future of Cash conference takes place in Istanbul 6-8 November, with the early booking delegate fee ending on 15 September.

Events

John Winchcombe

25 June 2023

4 min read

Delivering Offline Capability

The Bank for International Settlements has published ‘A Handbook for Offline Payments with Central Bank Digital Currencies’.

Digital CN

John Winchcombe

25 June 2023

2 min read

A2A Payments Make Progress

Account-to-account payments (A2A) have been talked about for some time. There is some evidence that they are beginning to fulfil their promise. The latest 2023 Worldpay Global Payments Report from FIS says there are now 64 real-time payment schemes in operation providing high-speed payment rails for A2A payments.

Digital CN Digital Payments Future of Cash

John Winchcombe

25 June 2023

5 min read

News in Brief

The Dutch Finance Minister has proposed legislation to ensure the provision of cash facilities, at least to a basic level. The legislation builds on the results of a PwC study on the future structure of the system for banknote and coin deposits and withdrawals for consumers and retailers.

News

John Winchcombe

25 June 2023

7 min read

ABCD to STSMs – A New Banknote Forecasting Model

With the publication of the IMF paper ‘Measurement and Use of Cash by Half the World’s Population’, and the Cash Essentials rebuttal, a new paper about demand forecasting by the Banca d’Italia is timely and adds to the discussion.

Cash in Circulation Cash Usage Free Free

John Winchcombe

25 June 2023

4 min read

CBDC Round-Up

Bruegel, a Brussels based European think tank, has published a paper considering the value added by CBDC in the context of the euro area.

CBDC Digital CN

Latest News

Securing Your Reputation When Issuing a CBDC

Payment News

Regulatory Challenges of AI

News in Brief

Cash – a Backstop for Freedom

Brainstorming Cash Cycle Resilience

Central Banks and Big Data and Machine Learning

Expanding the Use of China’s e-CNY

The Metaverse: a New Frontier Needing Exploration

How to Do Demonetisation Well

Australia’s Payments System Strategic Plan

The Need For A Very Good Reason for a CBDC

Payments News

Armaguard/Prosegur Merger Gets the Go-Ahead

Future of Cash Agenda Made Public

Delivering Offline Capability

A2A Payments Make Progress

News in Brief

ABCD to STSMs – A New Banknote Forecasting Model

CBDC Round-Up

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