The issue of privacy remains fundamental in CBDC design. The AEI published a vision for a financial system with the coin as its cornerstone.
After several months developing, leading financial group Credicorp launched its digital banking unit iO to cater to young Peruvians.
Business considerations may prevent large banks from tackling financial inclusion, but the tech supporting inclusion program exists.
More than a year after it would expand to Latam, British neobank Revolut has officially launched in Brazil with its global account product.
'There are going to be a lot of M&As in the market. There's going to be a lot of innovation and focus on unit economics'
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Senate Committee remained unconvinced by Greg Becker's apology citing multiple warnings and increased paychecks as risks mounted.
Digital banks in Brazil are finally making inroads into one of the most competitive and highly profitable credit markets in the world.
Regional banks have taken a beating - fintechs' customer centric flexibility may provide an answer to their flawed system.
Tokenization has been set for some time to cause disruption but open finance incorporation may be key to realize its growth.
Although some of the prototype design challenges could limit usage, exploration of the CBDC shows positive steps.