Finance Regulation Technology

Lead authors share the primary insights of the report, distilled from more than 150 interviews with public and private sector leaders, and the implications for the future of finance.

FRT Episode 91: Innovation & Supervision, with EBA’s Piers Haben We discuss the adaptability of banks and supervisors alike, both through the pandemic and in an environment of We discuss the adaptability of banks and supervisors alike, through the pandemic and in an environment of accelerated digitalization for future business conditions, with EBA Director Piers Haben.

National digitalization strategies and proactive policies have played an important role in supporting digital transformation in the Middle East, both in financial services and across the wider economy. First Abu Dhabi Bank CTO Yuri Misnik and Banque Misr Trade and Working Capital expert Amr Atteya Ahmed join us to discuss specific examples in the UAE and Egypt.  

BCP’s Juan Taboada, Diego Escobar and Luisa Quispe join us on FRT to discuss their use of data and advanced analytics capabilities to reduce the spread of COVID amongst BCP’s employees across Peru.

Nordea’s Johanna Lybeck Lilja discusses emerging developments in Central Bank Digital Currencies, where Sweden’s pioneering eKrona initiative highlights some of the key design considerations for other central banks and financial systems around the world.  

Digital Identity with SecureKey CEO Greg Wolfond SecureKey CEO Greg Wolfond highlights developments in Digital Identity, and how banks feature in national cross-sectoral initiatives for secure identity services in Canada

DBS’s Chee Kin Lam, Jeffery Lee, and Sameer Gupta join us on FRT to discuss data ethics, DBS Bank’s PURE (Purpose, Unsurprising, Respectful, and Explainable) Framework, and how this operationalizes and extends beyond Singapore’s high-level FEAT (Fairness, Ethics, Accountability and Transparency) principles.

We discuss new initiatives to provide cross-border connectivity for domestic payments innovations, and ways to improve how financial institutions onboard their FinTech partners, with Terry Angelos, Global Head of FinTech at Visa.

Rachel Bailey, a senior manager specializing in machine learning in model risk and validation at Lloyds Banking Group, joins us on FRT to discuss key findings from our recent Machine Learning Governance study.

Recent developments have brought Quantum Computing out of the lab and into application testing. We discuss the key implications for financial services with experts  Denise Ruffner ( IonQ),  Marko   Milek  (State Street) and  Rudy Raymond ( IBM).

As the ‘Platformization’ of finance gathers pace, KPMG Global Co-Head of FinTech Anton Ruddenklau talks us through developments in partnerships, the necessary mindset shifts, cross-industry convergence, and the emerging FinTech trends to look for in 2021.

Catherine Parry, Founder and CEO of DeepView, outlines the key trends in social media security and online surveillance technologies that have emerged through the COVID ‘Work from home’ era.

Episode Notes FRT once again joins forces with CQ Roll Call’s FinTech Beat podcast, as we exchange our key takeaways from across the IIF Annual Membership Meeting, the IMF & World Bank annual meetings, and DC FinTech Week, with FinTech Beat host, Professor Chris Brummer of Georgetown University.

Ivo Jenik of the World Bank’s Consultative Group to Assist the Poor (CGAP) discusses the opportunities and critical dependencies for digitalization to support greater financial inclusion, and key learnings for the application of regulatory sandboxes.

With the criticality of Digital Identity underlined by the pandemic and recent economic shifts, we discuss the opportunities to support SMEs in the digital economy and promote financial inclusion, and the importance of enabling interoperability.

Looking beyond ‘Open Banking’, we discuss multi-sectoral Australia’s Consumer Data Right (CDR) with Dr Liming Zhu of the national science agency CSIRO, looking at the potential extension of open data principles to other consumer sectors.

The economy has been adapting and digitalizing rapidly in response to COVID-19, both in financial services and beyond. IIF economists and digital finance experts look forward at what this means not only in financial services, but also for SMEs to keep pace with tech firms in a competitive eCommerce environment.

Where COVID-19 has forced radical changes, it has also removed many of the barriers that have plagued previous digital transformation effort. The IIF and Deloitte explore this as part of our Realizing the Digital Promise series, with industry experts Ulku Rowe (Google Cloud), Jaco Grobler (First Rand Bank), and Andres Wolberg-Stok (Citi).

BBVA’s Head of Digital Regulation and Trends (and former IIF secondee) Pablo Urbiola returns to FRT, discussing how the competitive landscape in financial services has evolved with digitalization, and where policymakers need to keep pace with ongoing developments.

With COVID-19 ushering the increased digitalization of the economy and placing an increased emphasis on Digital Identity, Rod Boothby (Global Head of Identity at Santander) and Don Thibeau (Executive Director of the OpenID Foundation) visit FRT to discuss an important initiative for enabling online trust.

Meeting customer preferences is at the center of both the digital transformation of finance and Islamic banking. In this episode, Bassel Gamal, Qatar Islamic Bank’s Group CEO, shares his experience with these two innovation journeys and how they intersect.

Deem Finance CRO Torsten Kleine Buening joins us to discuss the ethical use of data and preserving customer trust, and the implications of the COVID experience for technologies such as digital identity and machine learning.

Deloitte’s Puneet Kakar joins fellow co-authors Conan French and Dennis Ferenzy from the IIF to discuss insights from the latest installment in our joint series on digital transformation.

ISDA’s Tara Kruse and Ian Sloyan visit FRT to highlight their Common Domain Model initiative for harmonizing trade processing and improving compliance.

John Collins of FS Vector joins FRT to discuss the Libra White Paper 2.0 and key updates in the initiative, against the backdrop of various developments with central bank digital currencies (CBDCs).