We’re delighted to announce that FNA are proud winners of Central Banking’s Data Analytics Partner award at the FinTech and RegTech Global Awards 2022. The award recognises the development of FNA’s CBDC Simulation solution built in partnership with Giesecke+Devrient.

FNA’s CBDC Simulation solution uses an agent-based model which allows stakeholders to test scenarios and understand the impacts of introducing a CBDC – from the financial and economic implications to the effect on the banking sector’s balance sheet and transactional revenues. 

 

Upon receiving the Central Banking award, FNA’s founder and CEO, Dr Kimmo Soramäki commented: 

“At FNA, we are delighted to receive this award for our CBDC Simulation Solution. Many central banks, financial market infrastructures, and banks are preparing for the introduction of Central Bank Digital Currencies (CBDC). This recognition confirms our commitment to supporting them to rapidly assess the commercial,  macro-financial and financial stability implications of these fundamental changes to the payments landscape. I would like to extend thanks to all of our clients who have worked with us over the years to result in this award.”

 

The Central Banking FinTech and RegTech Awards recognise the technological innovation among central banks, supervisors and commercial technology providers. Find the full list of winners here.  

This is the second award for FNA’s CDBC Simulator, having received the Digital Currency Award for Resilience at the Currency Research awards presentation on the 24th of February. 

You can read more about how FNA’s Simulation solution works in the recently published paper, ‘Agent-Based Simulation of CBDCs,’ authored by FNA’s Dr Kimmo Soramäki and Dr Amanah Ramadiah with Marco Galbiati (S&P Global)

You can also find more information about FNA’s CBDC SImulation Solution here and keep up with the latest CBDC developments in our monthly 60-minute webinar, The CBDC Broadcast. Watch the series, which features insights and opinions from experts within the industry on-demand now.

For further information, please do not hesitate to get in touch with the team at info@fna.fi.

 

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