Banque De France, Swiss National Bank and BIS enter CBDC trial

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The Banque de France, Swiss National Bank and the BIS Innovation Hub have announced they will trial a wholesale central bank digital currency (CBDC).

Banque De France, Swiss National Bank and BIS enter CBDC trial

The trial aims to use the digital Swiss Franc and digital Euro to settle cross border trades for financial instruments such as stock or bonds on a blockchain.

Other participants in the Project Jura trial for cross border settlements are Accenture and its consortium of Credit Suisse, Natixis, R3, SIX Digital Exchange and UBS.

These participants are also part of Accenture’s consortium for wholesale

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Open Banking Readiness Index: An in-depth pan-European study

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We are delighted to offer you the chance to download the Open Banking Readiness Index: The Future of Open Banking in Europe, a new, ground-breaking study into the development of Open Banking in Europe.

Open Banking Readiness Index

Four years ago, the UK launched its Open Banking initiative, followed swiftly by the EU with its Second Payment Services Directive (PSD2) in January 2018.

Now we’ve joined forces with Mastercard, a global payments technology leader, to create the first in-depth study into how Open Banking is developing across ten major European markets.

Powered by our exclusive research and Mastercard’s global

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11 major banks trial blockchain intraday FX swap trial

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11 banks have participated in a trial of blockchain based FX intraday swaps. NatWestDeutsche Bank, Bank of Ireland, Banca Mediolanum and seven other banks participated with $14.5 trillion in combined balance sheet values.

11 major banks trial blockchain intraday FX swap trial

Finteum revealed that the solution is planning live trades in late 2021 or early 2022.

According to BIS figures, global FX daily trading in 2019 amounted to $6.6 trillion daily, of which $3.2 trillion were FX swaps.

So what’s the problem that intraday FX swaps aim to solve for banks? It’s about managing intraday

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Today’s collapse will have lost e-commerce retailers $1 billion

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As some of you may be aware, many of the world’s largest global e-commerce retailers including Amazon, eBay and Etsy were hit by the global web outage this morning.

Today’s collapse will have lost e-commerce retailers $1 billion

Major online stores including Amazon, eBay, Etsy and Boots were among the many sites that failed this morning, along with major Publishers and even the UK government website.

In what is being termed the hour the internet ‘broke’,  ParcelHero estimates retailers across the UK, Europe and US will have lost around £1 billion because of the international outage.

Its a huge number,

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