In this Weekly Wrap episode of "The Buzz" podcast, the Bank Automation News editors discuss HSBC and IBM's use of distributed ledger technology to conduct commercial central bank digital currency (CBDC) transactions, including foreign exchange settlements. 

 

The BAN team also addresses a prediction from the Canadian Prepaid Providers Organization and Aite-Novarica Group that the Canadian prepaid payments market will reach $6.77 billion in one-time card and account "loads" by the end of the year, a nearly 100% increase since 2019. Finally, the team dives into how machine learning and automation can help banks identify fraud and money laundering more efficiently. 

 

Tune in for a discussion of these topics and more in today's episode of the Weekly Wrap with BAN Deputy Editor Loraine Lawson and Associate Editors Aaron Marsh and Alijah Poindexter for the week ended Dec. 17, 2021.

Bank Automation Summit, taking place March 1-2 in Charlotte, N.C., is the first and only event to focus solely on automation in banking. The event will feature the brightest minds from across financial services on intelligent automation strategies and deployment. Learn more and register for Bank Automation Summit 2022.