FNA is proud to announce that our CBDC Simulation solution received the Digital Currency Award for Resilience at the Currency Research awards presentation on 24th February.

FNA’s CBDC Simulation solution, developed in partnership with Giesecke+Devrient (G+D), aims to counter the uncertainty surrounding Central Bank Digital Currencies (CBDCs) by helping central banks, government authorities and other financial institutions to understand the risks and opportunities posed by the introduction of CBDCs. 

Users can address the key questions relating to how existing economic features and CBDC design choices affect the potential outcomes of rolling out a CBDC in a particular jurisdiction, leading to better-informed decisions supported by sophisticated and flexible modelling.

Dr Carlos Leon, Director of FMIs and Digital Currency Solutions, FNA said: “This award comes at an exciting time when many central banks are designing their CBDCs. This award highlights the importance of being able to simulate and test different design options to better understand the economic and financial implications of CBDCs. Simulation solutions are a must-have in the CBDC toolbox.”

Dr Kimmo Soramäki, Founder and CEO of FNA and Dr Amanah Ramadiah, detail how the simulator works in this recently published paper, ‘Agent-Based Simulation of CBDCs,’ written with Marco Galbiati. Read the paper here >

You can also read more about FNA’s CBDC Simulation Solution here >

Keep up with the debate and latest CBDC developments with FNA’s monthly webinar series, the CBDC Broadcast featuring insights and opinions from experts within the industry. Catch up here > 

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