Bank of Canada, MAS trial DLT
The Bank of Canada and the Monetary Authority of Singapore (MAS) reported May 2 that they have conducted a successful experiment on cross-border and cross-currency payments using central bank digital currencies and distributed ledger technology (DLT). This is the first such trial between two central banks, they said in a …
Scotiabank Implements Real-Time Wire Tracking for Business Customers
TORONTO–Scotiabank is the first Canadian-based bank to leverage SWIFT’s Global Payments Initiative (SWIFT gpi) to enable its business customers to track their wire payments in real time through ScotiaConnect, the Bank’s digital business banking channel. In September of 2018, the Bank launched the wire tracking tool internally to help its …