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Almost instantly, the card information is extracted from the bank's T24 Islamic Model Bank through their IBM WebSphere MQ - an ESB messaging backbone. Depending on the internally defined business rules, specific staff members get the notification by email, SMS or Pop-up alert on their Desktop ...
stated that they are interested in participating in projects related to CBDC, but more research on its operation and characteristics is still required before they would start, pointing out that, " . . . its current forms are immature to be used and implemented" (Reserve Bank of India 2020)....