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IMF director urges ‘financial inclusion’ via digitalization

During her opening speech at the International Monetary Fund’s (IMF) seminar on financial inclusion in Marrakesh, Morocco, IMF Managing Director Kristalina Georgieva said digitalization is “the most important way” to scale up financial inclusion. “It is digital that moves help to people, investment and ability of the economy to accelerate,” Georgieva

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Digitalization won’t displace commercial bank money any time soon: Moody’s

Digitalization is shaping the future of money, but traditional central bank money housed in commercial banks will remain dominant, Moody’s predicted in a new report. Essentially, trust trumps efficiency, it said after surveying a wide range of emerging or potential forms of money.The monetary landscape is becoming fragmented, Moody’s said, but

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Africa’s solarized digitalization agenda in the time of coronavirus

The seventh session of the Africa Regional Forum on Sustainable Development convened earlier this month with the theme “Building forward better: Towards a resilient and green Africa to achieve the 2030 Agenda and Agenda 2063” and to promote the economic, social and environmental dimensions of sustainable development.Amina Mohammed, deputy secretary-general

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WTO blockchain report says customs remains ‘weak link’ of trade digitalization

The World Trade Organization and Trade Finance Global have published their latest taxonomy of blockchain projects in international trade, arranged into what they present as a “periodic table” for the industry.The original rendition of the periodic table was published in winter 2019. Since then, a lot has changed: despite the

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Hong Kong Bank Partners with Aegis to Focus On Asset Digitalization Using Blockchain Technology

Sharing is caring!CTBC Bank in Hong Kong has cut a deal with San Francisco-based Aegis Custody to expand its digital financial asset business, launching bundle factoring, REITs and equity investment in special asset digitalization (security tokens) to tap into channels for cash flow and support diversification of the banking sector. Founder

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