Tag "Swiss National Bank"
SNB Study: Results of the Swiss Payment Methods Survey
In spring 2023, the Swiss National Bank conducted its second payment methods survey of companies in Switzerland. Around 1,750 companies, across all sizes, language regions and industries, participated in this survey on payment method topics. In-depth knowledge of these topics
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BIS, Swiss National Bank and World Bank Launch Token Project Promissa
Today, many international financial institutions (including multilateral development banks) are partly funded by financial instruments known as promissory notes, most of which are still paper-based. While the current system provides the operational controls for member nations to make subscription and
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Swiss National Bank Launches Wholesale Central Bank Digital Currency Project
On 1 December 2023, the Swiss National Bank – together with five Swiss and one German commercial bank – started a pilot project with central bank digital currency for financial institutions (wholesale central bank digital currency) on the regulated platform
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BIS To Develop Scalable, Resilient and Privacy-Focused Prototype CBDC
The BIS Innovation Hub’s Swiss Centre has launched Tourbillon, a new project that explores improving cyber resiliency, scalability and privacy in a prototype central bank digital currency (CBDC). Central banks have identified cyber resiliency, scalability and privacy as core features
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BIS Completes Wholesale Digital Currency Project With France and Swiss Regulators
Banque de France (BdF), Swiss National Bank (SNB) and Bank for International Settlements’ (BIS) Innovation Hub have successfully completed Project Jura, an experiment in cross-border wholesale central bank digital currencies (wCBDCs). The project was completed by a consortium led by
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Swiss and French Central Banks to Pilot Wholesale CBDC Project
The Swiss National Bank, the Banque de France and the BIS Innovation Hub announced that, together with a private sector consortium led by Accenture, they will conduct an experiment using wholesale central bank digital currencies (wholesale CBDC) for crossborder settlement.
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Central Banks Ramp up Digital Currency Plans
Around the world, interest in central bank digital currency (CBDC) is growing in response to changes in payments, finance and technology, and on the back of rising digital adoption triggered by COVID-19. A 2021 survey of central banks conducted by
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BIS, Swiss National Bank and SIX Complete Pilot for Wholesale Digital Currency Project
The Bank for International Settlements’ Innovation Hub (BISIH), the Swiss National Bank (SNB) and the financial infrastructure operator SIX announced the successful completion of a joint proof-of-concept (POC) for its wholesale central bank digital currency (CBDC). Dubbed as Project Helvetia,
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Central Bank Group Including SNB Assess Cases For Central Digital Currencies
The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Sveriges Riksbank and the Swiss National Bank, together with the Bank for International Settlements (BIS), have created a group to share experience as
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SNB is Targeting a Fintech Innovation Hub Centre in Switzerland
The Swiss National Bank (SNB) and the Bank for International Settlements (BIS) have signed an Operational Agreement on the BIS Innovation Hub Centre in Switzerland. The Hub will identify and develop in-depth insights into critical trends in technology affecting central
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