Banking Transformation: The New Agenda
Only 24% of surveyed banks report being highly successful in achieving their cost reduction goals.
90 documents
Only 24% of surveyed banks report being highly successful in achieving their cost reduction goals.
More than 93 percent of the material requirement for the Swiss economy originates from primary materials rather than recycled sources.
Unified Payments Interface (UPI) processes more than 18 billion transactions per month in India.
As of late 2023, 94 percent of 86 surveyed central banks were actively exploring CBDCs, moving from research to experiments.
A total of 1,201 VC and PE mid-market fund managers contributed their insights to the annual EIF Equity Survey 2025.
The Boston Consulting Group estimates that asset tokenization could reach $16 trillion or 10 percent of global GDP by 2030.
In Nigeria, 98.5 percent of eNaira wallets remained unused one year after launch.
The framework analyzes cross-border retail CBDC payments across 5 core elements: access, communication, currency conversion, compliance, and settlement.
reached 483 companies by the close of 2023, reflecting a yearly growth of eleven percent, while Liechtenstein hosted 22 FinTech companies.
Total crypto asset market capitalization peaked at around $3 trillion in November 2021 before falling below $1 trillion.
Financial inclusion is a top priority, with about 60 percent of emerging and low-income countries considering it one of their top three motivations for issuing a retail CBDC.
According to a 2022 BIS survey, 93 percent of central banks are actively exploring CBDCs and 58 percent report being likely to or possibly issuing a retail CBDC in the short or medium term.
Central banks are exploring retail and wholesale CBDCs to complement traditional cross-border payment rails and lower transfer costs.
Central banks must develop a long-term vision for monetary and payment systems spanning a time horizon of at least 5 to 10 years as economic digitalization accelerates.
ChatGPT acquired more than 100 million active users within two months of its launch on November 30, 2022.
In Ghana, the growth of mobile money increased access to financial services for unbanked demographics, with 35 percent of adults in rural areas reporting having used the service between 2014 and 2017.
The IMF mandate is governed by the central banks and finance ministries of 190 member countries.
Tether and USD Coin attempt to maintain a stable value by being purportedly backed one-for-one in value to underlying assets.
By August 2021, total crypto asset volume had grown by 230 percent year over year in Asian emerging market economies.
The global payment system is estimated to consume 47.3 TWh of energy annually, accounting for roughly 0.2 percent of total global electricity consumption.
Globally, the scale of crypto assets remains relatively small at $2–$3 trillion, or about 1 percent of total market value of financial assets.
In late 2021, the Central Bank of The Bahamas recorded around 20,000 active Sand Dollar wallets within a population of about 400,000.
Bitcoin block rewards fell from 12.5 Bitcoins to 6.25 Bitcoins in May 2020.
BigTech firms invested over $2 billion in fintech companies in 2020, with Alphabet generating 23 fintech investments alone.
Fintech Note 2022/001 provides guidance on modernizing commercial law frameworks to accommodate technological innovation while mitigating legal risks.
Investments in Swiss start-ups recorded an increase of 44 % in invested capital, reaching 3059 CHF m in 2021.
Worldwide, 78 percent of men have an account, compared to 74 percent of women.
Central banks in Brazil, Canada, the Euro Area/Japan, Singapore, South Africa, and Thailand have conducted large-value interbank payment DLT experiments.
In 2019, almost CHF 2.3 billion was invested in 266 Swiss start-ups, representing an 85.5% increase compared with the previous year.
The IMF note examines the institutional frameworks for fintech regulation and supervision across 10 selected jurisdictions.