Accenture Financial News

Professional services firm Accenture is closing its Russia business in the wake of Vladimir Putin’s invasion of Ukraine.

In the technical tests during phase 2, the Riksbank examined issues such as offline function, performance and integration of external participants - including Handelsbanken and TietoEvry - into the e-krona network. Mithra Sundberg, head of the e-krona division, says: “In phase 3 we will begin to formulate a basis for the requirements for an e-krona if a decision is made to issue it.

Professional services firm Accenture is closing its Russia business in the wake of Vladimir Putin’s invasion of Ukraine.

NextGen Nordics will bring together multiple stakeholders - the banking community, central banks, public authorities and trade and business beneficiaries - to generate community discussion, explore the benefits and offer practical advice on activating the opportunities of new technologies in the Nordic region. Register for the event here.

In the technical tests during phase 2, the Riksbank examined issues such as offline function, performance and integration of external participants - including Handelsbanken and TietoEvry - into the e-krona network. Mithra Sundberg, head of the e-krona division, says: “In phase 3 we will begin to formulate a basis for the requirements for an e-krona if a decision is made to issue it.

Consultancy giant Accenture said it will add 3,000 extra jobs in the UK over the next three years.

However, the idea has received significant pushback, most recently from a committee of peers in the House of Lords, which last month concluded that there is no convincing case for the digital pound.Project New Era, an initiative led by The Payments Association, paywith.glass and other private industry stakeholders, and supported by Boston Consulting Group, is looking to advance the conversation with its Green Paper, which will be followed by real-world pilots looking into design questions and how to mitigate risks.The project is putting together a private consortium to carry out the pilots using dSterling, a digital settlement asset similar to a CBDC. The focus will be on testing use cases, including retail payments, cross-border transactions Tokenisation-as-a-Service, and how to service Payment Institutions and Electronic Money Issuers.The project then plans to share their data and feedback with central banks and policymakers.Tony Craddock, director general, The Payments Association, says: “The widespread adoption of CBDCs could be as important to the 21st century as the end of the gold standard was to the 20th.

Sweden is moving closer to eliminating cash entirely from its society. The country announced a review last week to study the possibility of introducing a digital currency issued by its central bank. Anna Kinberg Batra, a former chairwoman of the Riksbank's finance committee, will lead the inquiry, which is expected to end in November 2022.

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Consultancy giant Accenture said it will add 3,000 extra jobs in the UK over the next three years.

While CBDC trials have taken place in France and there are formalized discussions about the digital euro, what about the state of crypto adoption in Scandinavian countries?

A sudden development in the UK’s environmental scene sparked debates about crypto adoption, CBDC development, privacy concerns, and more. Around the time of the COP26 summit, UK Prime Minister Boris Johnson tweeted a promise that set off a FUD storm.