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Central banks set the stage for innovation in payment systems

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Central banks set the stage for innovation in payment systems

Tuesday ​4 May 2021 – Vol.12 Ed.18.1

Commentary: Fnality targets cross-border opportunities

By Philip Moore in London

Rhomaios Ram, chief executive officer of Fnality, was in good spirits when he spoke at OMFIF’s DMI Symposium last week. A few days earlier, the Bank of England announced the launch of its new omnibus account model. The announcement was described by Ram as a ‘huge event’ for Fnality and will have far-reaching implications for the financial services industry and broader economy.

Read the full commentary on the website.

Meeting: Innovation and evolution in payments and the role of central banks

Thursday 20 May, 16:00-17:00 BST

The payments landscape is changing rapidly, driven by new and evolving technology. At the same time, central banks’ core objectives and functions haven’t changed. Against this backdrop, central banks are evaluating and deploying new digital settlement solutions, including faster payment systems and CBDC. This discussion explores these key topics, focusing on the role of central banks and the importance of competition and innovation.

Register to attend here.

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