Entries for 'Digital Finance'
June 19, 2024
The Bank for International Settlements has proposed a concept called the “Finternet.” This briefing note explores the key elements of this vision, focusing on the central roles played by digital identity and trust in ensuring the security, reliability, and integrity of financial interactions.
June 11, 2024
This week’s Digital Finance Developments discusses updates to China’s data export control policies, new proposed policies on generative AI, and efforts to internationalize its digital currency, spotlighting the complex compliance environment for financial services.
June 6, 2024
The June 2024 IIF Digital Asset Forum considered depth in digital asset ecosystems along with the transformation, or not, of existing functions with increasing use of tokenized strategies. Participants discussed balancing incremental infrastructure improvements with large-scale innovation.
June 4, 2024
Edition of the Digital Finance Download covering May 2024. A monthly update of significant developments in digital finance around the globe.
May 31, 2024
The May session of DataTalk explored BigTech, Platforms, and Financial Services in the context of new developments such as open banking regulations, AI, and GenAI.
May 31, 2024
The May 2024 meeting of the IIF's AI/ML Expert Group discussed the importance of prioritization for operationalizing AI, new use cases and unconventional visionaries, and novelties in model risk management processes.
May 28, 2024
This week’s Digital Finance Developments discusses new efforts to develop an international and interoperable definition of safe AI and recent moves by the U.S. and EU to regulate AI.
May 22, 2024
Recent developments in the European Parliament related to open finance and financial data have brought the transition from open banking to open finance into sharp relief. This IIF Staff Note examines the evolution of PSD3, PSR and FIDA and offers insight into their impact on financial institutions.
May 21, 2024
A new staff paper explores the relationship between artificial intelligence (AI), data, and the cloud, noting an increasing complex value chain and policy matrix where the financial services industry is well placed to inform the development of transparency and build trust in this new age.
May 14, 2024
This week’s Digital Finance Developments examines how many authorities are looking to competition policies as one pathway toward regulating technology in finance, adding an additional regulatory dimension for financial institutions to consider.
May 13, 2024
The IIF convened a roundtable on May 6-7, 2024, to discuss losses to banks and their customers from increasing levels of fraud and scams, particularly authorized push payment (APP) scams, in the Asia region and globally. This Member Briefing summarizes the discussion at this event.
May 3, 2024
Edition of the Digital Finance Download covering April 2024. A monthly update of significant developments in digital finance around the globe.
April 30, 2024
The Institute of International Finance (IIF) has publicly responded to the European Securities and Markets Authority’s (ESMA’s) consultation on ESMA's proposed guidelines on the reverse solicitation exemption under Article 61 of the Markets in Crypto-Assets Regulation (MiCA).
April 30, 2024
This week’s Digital Finance Developments discusses recent proposals for the future of the financial system and considers what role the private sector can play in realizing these visions.
April 16, 2024
This week’s Digital Finance Developments covers funding for and advancements in quantum computing, including progress toward commercialization and regulation of this emerging technology.
April 4, 2024
Edition of the Digital Finance Download covering March 2024. A monthly update of significant developments in digital finance around the globe.
April 4, 2024
The April IIF Digital Asset Forum highlighted the need to coordinate different lines of business and functions, as many challenges faced in adopting new technology are operational, rather than technology. Improvements in crucial use cases, like payments, may enable faster development system-wide.
April 3, 2024
This staff note on developments in the digital euro project reports on new rulebook workstreams, a technical note on holding limits, and exploration of technologies for wholesale central bank money settlement, including planned trials with financial market stakeholders in 2024.
April 3, 2024
On March 31, the Institute of International Finance submitted a brief response letter to the AI Advisory Board of the United Nations in acknowledgement of its recently published Interim Report: Governing AI for Humanity.
April 2, 2024
This week’s Digital Finance Developments spotlights recent and upcoming policy changes for Canadian financial services, with a focus on developments in payments, digital assets, artificial intelligence (AI), and open banking policy.