{
Agustín Carstens

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ew guidelines aim to enhance financial inclusion through open finance initiatives

A coalition of international organizations has launched guidelines to leverage open finance for enhancing digital financial services and promoting financial inclusion, particularly for the 1.4 billion people without basic transaction accounts. The initiative aims to democratize access to financial products while addressing potential risks related to data security and consumer protection. Key figures emphasize the importance of balancing innovation with adequate regulation to ensure the benefits of open finance are realized for all, especially marginalized groups and small businesses.
@lelezard
United States Dollar World Bank Bank for International Settlements Ajay Banga Agustín Carstens Kristalina Georgieva Queen Máxima of the Netherlands Show more
Finance & Economy, Press Release
22:11 20.11.2024

bank for international settlements exits mbridge amid geopolitical tensions

The Bank for International Settlements (BIS) has withdrawn from the mBridge project, which aimed to enhance cross-border payments using digital currencies. Agustín Carstens, the BIS head, announced the exit during a banking conference in Madrid, amid geopolitical tensions surrounding the initiative.
The Economist
Bank for International Settlements CHN Agustín Carstens
Finance & Economy, News Article
21:39 31.10.2024
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