Global Government Fintech

Trade finance-focused central bank digital currency (#CBDC) experimentation in #Brazil is to focus on automated settlement of agricultural commodity transactions. Read all about it => Global Government Forum Banco Central do Brasil Inter 7COMm - People and tech to transform Microsoft Chainlink Labs #tradefinance #trade #finance #technology #digitaltrade #blockchain #smartcontracts #cbdc #dlt #fintech #innovation https://lnkd.in/eEmzGFXU

REGISTER NOW: 10 DAYS TO GO Global Government Fintech is a media partner for ICC United Kingdom's 'Re-Imagining the Future of Trade' event in London, which will bring together trailblazers in #trade, #finance and #technology to discuss the transformative power of trade digitalisation. ?? Thursday 5 December 2024 (3pm-7pm) ??Clifford Chance, London E14 5JJ ??Panel one: 'Scaling Up the Benefits of Trade Digitalisation' featuring: Oswald Kuyler (Asian Development Bank (ADB)), Vashti Maharaj (The Commonwealth Secretariat), Ayesha Ali (Department for Business and Trade - UK), Rebecca Shepherd (Clifford Chance) & Lars Karlsson (A.P. Moller - Maersk) ??Panel two: 'Are We Being Ambitious Enough? featuring: Prof Jun Du (Aston Business School), Prof David Hughes (Teesside University), Theodora Christou (Centre for Applied Sustainable Transition Law (CASTL) & QMUL School of Law), Alexander Goulandris (ICE Digital Trade (formerly essDOCS)) & Shona Tatchell (EBRD). ?? Find out more and register: https://lnkd.in/eespGRNc See you there! ?? #digitaltrade

The European Investment Bank (EIB) has priced its fifth digital bond as it continues to bring fresh technological twists to its issuances. This issuance is breaking new ground as it is feeding into #Eurosystem exploratory work on the use of new technologies for the settlement of wholesale financial transactions recorded on distributed-ledger technology (#DLT) platforms in central bank money. https://lnkd.in/dN6QyJWa Global Government Forum European Central Bank Banque de France HSBC BNP Paribas NatWest Markets Plc Banque centrale du Luxembourg (BCL) Cyril Rousseau Emmanuelle Assouan #blockchainbonds #bonds #wCBDC #innovation

The Bank for International Settlements – BIS has announced details of an initiative exploring the use of generative artificial intelligence (#GenAI) to automatically categorise ‘billions’ of individual product descriptions and price observations to improve #inflation nowcasting. ‘Project Spectrum’?is being run by the BIS Innovation Hub’s Eurosystem centre, working with the European Central Bank and Deutsche Bundesbank. The announcement comes four-and-a-half months after ECB Executive Board member Piero Cipollone said, during a speech in Italy, that staff at the Frankfurt-headquartered authority were already using #AI to nowcast inflation. Read all about it => https://lnkd.in/eJn3FX3n Raphael Auer #eurozone #bigdata #data #AI #LLMs

The UK government is to undertake a pilot issuance of a ‘digital gilt instrument’ – to be referred to as ‘DIGIT’ – using distributed-ledger technology (#DLT). The move was announced by chancellor of the exchequer?Rt Hon Rachel Reeves?on 14 November, with details revealed by economic secretary to the Treasury?Tulip Siddiq?yesterday (18 November). The pilot aims to issue a digital bond ‘with similar features to a conventional gilt’ and will, Siddiq’s statement revealed, ‘sit outside of and be separate from the UK Debt Management Office’s gilt and Treasury Bill operations’ because it is ‘experimental in nature’. She stated: ‘This will ensure that the pilot will be independent of our world-class debt management programme.’ Global Government Fintech's full article => https://lnkd.in/eeCfvEs2 Global Government Forum HM Treasury UK Finance Conor Lawlor EY #FintechForGovernment #blockchainbonds #blockchain #capitalmarkets #innovation #fintech

REGISTER NOW Global Government Fintech is a media partner for ICC United Kingdom's 'Re-Imagining the Future of Trade' event in London, which will bring together trailblazers in #trade, #finance and #technology to discuss the transformative power of trade digitalisation. ?? Thursday 5 December 2024 (3pm-7pm) ??Clifford Chance, London E14 5JJ ??Panel one: 'Scaling Up the Benefits of Trade Digitalisation' featuring: Oswald Kuyler (Asian Development Bank (ADB)), Vashti Maharaj (The Commonwealth Secretariat), Ayesha Ali (Department for Business and Trade - UK), Rebecca Shepherd (Clifford Chance), Lars Karlsson (A.P. Moller - Maersk) & Shona Tatchell (EBRD). ??Panel two: 'Are We Being Ambitious Enough? featuring: Prof Jun Du (Aston Business School), Prof David Hughes (Teesside University), Theodora Christou (Centre for Applied Sustainable Transition Law & QMUL School of Law) & Alexander Goulandris (ICE Digital Trade (formerly essDOCS)). ?? Find out more and register: https://lnkd.in/eespGRNc See you there! ?? #digitaltrade

Hello to 'PVDC' and 'VEG' - and goodbye to 'JROC'... ... the UK government has published a ‘National #Payments Vision’ – a 40-page document that responds to the findings of an independent review published last year that highlighted regulatory ‘congestion’. Read all about it => https://lnkd.in/eKM2A8Kw Global Government Forum HM Treasury Financial Conduct Authority Payment Systems Regulator Gwyneth Nurse Open Banking Henk Van Hulle #openbanking #openfinance #antifraud #digitalmoney #digitalfinance #dataportability #data #smartdata

Put your hands up for (an article about) #Detroit City of Detroit is to become the latest US authority to enable residents to pay taxes and other city fees using #cryptocurrency. The city administration has announced that people will have the option to pay taxes using #crypto through a secure platform managed by PayPal, a move that it says would make the #Michigan city the largest US city to accept cryptocurrency as a form of payment for city fees and taxes. The crypto payment option is set to become available in ‘mid 2025’ along with ‘additional improvements to city payment services’, treasurer Nikhil Patel said. The City of Detroit is also inviting ‘#blockchain entrepreneurs and innovators’ to pitch ideas for ‘blockchain civic applications’ to?Justin O., who was appointed as Detroit’s first director of entrepreneurship and economic opportunity in August. Read all about it => https://lnkd.in/eNrpKnQx Global Government Forum Ian Hall #digitalmoney #payments #innovation

“I think that, historically, we thought of #payments very much as ‘banking and finance’. But actually, the #publicsector has got a huge role in that payments ecosystem and, equally, that ecosystem is probably getting more and more diverse. There are more and more players in the public sector payment value chain.” | Among the observations during a Global Government Fintech and ClearBank roundtable discussion - ‘Public sector payments transformation: banking on the future’ - in the UK about the barriers and opportunities to transforming public sector payments {Partner Content} https://lnkd.in/eaaczgu8 Global Government Forum Sandy Sancaster Nicholas Ostler Ian Hall Lee Edmonds Nick Davies Darren Thompson MBA FCIPS (Chartered) Anthony Bladen #governmentbanking #governmentpayments #payments #innovation

HM Revenue & Customs (HMRC) has appointed a new supplier of ‘Confirmation of Payee’ (CoP) technology using a nascent public sector-wide ‘dynamic purchasing system’. Global Government Fintech?can reveal that the UK department has hired Modulr through the?‘Open Banking (Data, Digital Payments & Confirmation of Payee Services) Dynamic Purchasing System (DPS)’?established by the Crown Commercial Service at the turn of the year with the ultimate aim of?‘reducing the costs of receiving money into public sector organisations, as well as reducing fraud’. HMRC has used National Westminster Bank (NatWest) to provide CoP for the past three years. The bank – one of the UK’s best known high-street financial brands – is now in the process of transitioning its HMRC CoP responsibilities to Modulr, which has not previously worked with HMRC. Read all about it => https://lnkd.in/erK_Jf34 Global Government Forum Ian Hall #procurement #publicsector #payments #fintech #paytech