Category: Bank of Finland

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Bank of Finland Initiates Development of Finnish Instant Payment Solution Aligned with European Standards

October 19, 2023

The Bank of Finland (BOF) has taken the lead in spearheading the development of a Finnish instant payment solution that aligns with European standards. During this year’s fifth Euro and economy publication event on October 19, Tuomas Välimäki, a member of the Governing Council of the European Central Bank (ECB) and a board member of…
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Bank of Finland governor says digital euro could facilitate pan-European services to consumers

August 25, 2022

“An economy dominated by digital payments but without a strong monetary anchor would be inherently unstable,” claimed Rehn. In a novel address at the University of California Berkley published on Wednesday, Olli Rehn, governor of the Bank of Finland, touted the possibility of a digital euro centralized bank digital currency (CBDC) functioning in tandem with…
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