Day: August 24, 2024

Kiffmeister’s #Fintech Daily Digest (20240824)

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Kyrgyz Republic central bank launches digital som ideathon (NBKR)

The National Bank of the Kyrgyz Republic (NBKR) launched an ideation aimed at improving the prototype of its digital som central bank digital currency (CBDC). The goal is to ensure technological improvement of existing payment solutions and innovations, and at the testing stage to take into account the interests of citizens, business, government and the financial sector. Key areas of interest include system integration, security, user experience, and international interoperability. [Read more at the NBKR]

Project Keystone: data analytics for ISO 20022 (BIS)

The Bank for International Settlements (BIS) Innovation Hub London Centre and the Bank of England launched Project Keystone that aims to develop a standardized data analytics platform focused on ISO 20022 data. The increased use of ISO 20022 standards for payment messages in real time gross settlement (RTGS) systems means many central banks will adopt the protocol in the coming years. Ninety-three percent of payment system operators have already either implemented ISO 20022 or are working to implement it in their systems. [Read more at the BIS]

Upcoming Speaking Engagements:

  • Intertribal Foreign Affairs Council Forum 2024, Yidindji, August 30-31. The conference will bring together indigenous nations to showcase the excellence of their governance practices and generate new ideas for the future. I’ll be on a panel focused on the future of money and indigenous financial inclusion. [Find out more and register here]
  • CBDC Conference, Istanbul, September 10-12. The conference will offer representatives of central banks, commercial banks, technology providers, policy makers and academics the perfect platform to learn about the latest CBDC developments, exchange ideas with experts and peers. [Find out more and register here][Central bank delegates may be eligible for free registration (email registration@cbdc-conference.com to find out more)]
  • Digital Currency Conference, London, September 23-24. The conference will bring together policymakers, regulators, and technology and innovation experts to network and discuss all aspects of digital currencies. And enter the KiffmeisterDCC code at registration to get a 20% discount! [Find out more and register here]

And just a reminder that I produce a monthly digest of central bank digital currency (CBDC) developments exclusively for the official sector. So (only) if you work at a central bank, ministry of finance or international financial institution (e.g., the BIS, IMF, OECD, World Bank) and who would like to receive it by email on the first business day of every month, please DM me on LinkedIn or email me at john@kiffmeister.com.