Digital payment infrastructure has multiple layers: the wholesale payment system, clearing and settlement mechanisms, and the user-facing service layer run by banks and non-bank payment service providers (PSPs).

#PaymentSystems #BIS #FinancialInfrastructure

South Korea’s Financial Services Commission Chairman Lee Eo-kwon has urged a comprehensive, zero-base review of the nation’s financial infrastructure, warning of strict accountability for security or IT failures and emphasizing the need for public-oriented reforms.
#YonhapInfomax #FinancialServicesCommission #LeeEoKwon #FinancialInfrastructure #Accountability #ConsumerCentricFinance #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=84518
Financial Services Commission Chief Lee Eo-kwon Urges 'Comprehensive Zero-Base Review of Financial Infrastructure'

South Korea’s Financial Services Commission Chairman Lee Eo-kwon has urged a comprehensive, zero-base review of the nation’s financial infrastructure, warning of strict accountability for security or IT failures and emphasizing the need for public-oriented reforms.

Yonhap Infomax
Toss Insight, the research arm of Viva Republica (Toss), has released its first report analyzing stablecoins as emerging financial infrastructure, offering comprehensive insights for policymakers and industry stakeholders.
#YonhapInfomax
#Stablecoins #TossInsight #FinancialInfrastructure #Regulation #DigitalCurrency
#Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=78696
Toss Insight’s Inaugural Report Focuses on Stablecoins

Toss Insight, the research arm of Viva Republica (Toss), has released its first report analyzing stablecoins as emerging financial infrastructure, offering comprehensive insights for policymakers and industry stakeholders.

Yonhap Infomax
Korea Financial Telecommunications & Clearings Institute to launch cross-border QR payment system, enabling Korean and foreign users to make payments internationally using mobile apps
#YonhapInfomax #KFTC #CrossBorderPayments #QRCodePayments #FinancialInfrastructure #MobilePayments #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=62091
PM holds high-level talks on Bitcoin mining and asset tokenization

BaaghiTV English
Digital solutions firm The Dozen set to list on KOSDAQ with 22.5 billion won IPO, marking sole listing for the week amid growing interest in B2B financial technology sector
#YonhapInfomax #TheDozen #KOSDAQListing #IPO #DigitalSolutions #FinancialInfrastructure #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=55222
One Company to List This Week - Digital Solutions Firm 'The Dozen' Enters KOSDAQ

Digital solutions firm The Dozen set to list on KOSDAQ with 22.5 billion won IPO, marking sole listing for the week amid growing interest in B2B financial technology sector

Yonhap Infomax

New paper in Geoforum with Sabine Dörry and Ben Derudder:

"Preserving the obligatory passage point: SWIFT and the partial platformisation of global payments"

Full access until 30/05/2024, if you're into this sort of thing: https://authors.elsevier.com/c/1ivNO_OL2Ant4

#FinancialGeography #FinancialInfrastructure #CrossBorderPayments #CorrespondentBanking

Preprint of forthcoming chapter "SWIFT: Trusted infrastructure for infrastructures" with Sabine Dörry & Ben Derudder in the Cambridge Global Companion to Financial Infrastructures, by Carola Westermeier, Malcolm Campbell-Verduyn, & Barbara Brandl (eds).

https://researchgate.net/publication/379691304_SWIFT_Trusted_infrastructure_for_infrastructures

#financialgeography #financialinfrastructure #trust

I spent most of this Christmas reading this blog: https://www.bitsaboutmoney.com/

Absolutely fascinating deepdives into financial infrastructure, both legacy and new.

#FinTech #FinancialInfrastructure

Bits about Money (@patio11)

Biweekly newsletter about intersection of tech and finance. Deep dives into the plumbing that moves money and the businesses that build those pipes.

Bits about Money
We're just getting started: What GREAT looks like for @stripefrom Mike Clayville

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