Finance Regulation Technology

In this episode of FRT, we welcome Russell Wald, Deputy Director of the Stanford Institute for Human-Centered Artificial Intelligence (HAI), to discuss important developments and various projects being advanced within the Institute as a leading voice on the future of AI. These topics include the findings of the 2023 AI Index Report, the case for a multilateral AI research institute, and work via t...

Digital Money and Future Scenarios for High-Value Flows Developments in tokenization and distributed ledger technology (DLT) are opening up new fronts in the evolution of digital money. High-value transactions—including large transfers between banks, payments by big corporations, and multi-billion dollar investments by companies, asset managers, and asset owners like pension and sovereign wealth f...

In this episode of FRT, Morten Bech, Head of the Bank for International Settlements (BIS) Innovation Hub’s Swiss Centre, discusses Project Tourbillon, a recently completed project that developed two prototypes studying the trade-offs between privacy, security, and scalability for retail CBDCs, and how one might succeed at all three. Achieving this trifecta has been the focus of many engineers in t...

In this episode of FRT, Julia Sterling, Vice President in Business Development for Big Data & Advanced Analytics at Commerzbank, discusses artificial intelligence, the EU’s AI Act, and the connection to data policies – particularly cross-border policies.

In this episode of FRT, Ana Maria Prieto, Director of Payments System at the Central Bank of Colombia (Banco de la República), discusses the new payments infrastructure being built in Colombia, key objectives of the new system such as interoperability and security, and the timeline envisioned for this project. Ana Maria also provides insights on how private and public collaboration is fundamental...

In this episode of FRT, Ronit Ghose, Global Head of the Future of Finance think tank at Citi Global Insights, discusses the future of money, tokens, and games. Each year, Ronit’s team publishes the “Citi GPS: Global Perspectives and Solutions” report exploring trends in digital money. This year’s report, subtitled “Blockchain’s Next Billion Users and Trillions in Value” explores why innovation in...

In this episode of FRT, Fabian Astic, Managing Director and Global Head of Decentralized Finance and Digital Assets at Moody’s Investors Service, asks critical questions like “Why do we need digital currencies?” and “What is their value?” Fabian analyzes the use cases for various types of digital currency, from cyptoassets to stablecoins to deposit tokens to CBDCs, and closes by sharing his views...

In this episode of FRT, Tom Mutton, Director of Fintech at the Bank of England, discusses the Bank’s joint consultative report with HM Treasury, titled “The digital pound: a new form of money for households and businesses?” Tom additionally comments on the future of financial infrastructure, addressing privacy, interoperability, public vs. private solutions, and the future of decentralized technol...

In this episode of FRT, Yue Hong Zhang of Boston Consulting Group (Hong Kong) and Daniel Wu of Amazon Web Services (APAC) discuss emerging technologies and the future of financial infrastructure, including the development of cloud, artificial intelligence, digital assets, blockchain technology, and the policy environment shaping the adoption of these technologies in the Asia Pacific region.

This episode of FRT reflects on the role of cloud computing in the future of finance, and the recent US Treasury Report on the topic, with Howard Boville, Head of IBM Cloud Platform & Technology Lifecycle Services. Cloud computing is an essential tool for the digital transformation of financial services, but its rise has been accompanied by a global policy dialogue on the role of cloud computi...

Episode 132 of FRT provides an update on digital transformation in the public sector with Sopnendu Mohanty, Chief Fintech Officer at the Monetary Authority of Singapore. The Bank for International Settlements (BIS) held their Innovation Summit 21-22 March where they convened Central Banks and representatives of the financial services industry to explore how technology is helping central banks and...

In this episode of FRT, Silvia Attanasio, Head of Innovation at the Italian Banking Association (ABI) and President of ABI Lab, discusses interbank reconciliation using distributed ledger technology (DLT) and work the Italian banks have undertaken in support of research into a Digital Euro. Silvia is a member of the ECB Digital Euro Market Advisory Group.

Data is at the core of today’s economy and the future of finance, so the stakes are high as governments create the frameworks to regulate and control its use. In this episode of FRT, Jessica Renier and Conan French share some of the different vectors where the IIF sees the new developments in the policy debate as well as the key takeaways on data governance from the 2022 IIF-EY Machine Learning Su...

In this episode of FRT, Jennifer Lassiter, Executive Director of the Digital Dollar Project (DDP), discusses the global development of Central Bank Digital Currencies (CBDCs) and the DDP’s recent White Paper 2.0, titled “Revisiting the Digital Dollar Project’s exploration of a U.S. central bank digital currency.”

In this episode of FRT, Jesse McWaters, Senior Vice President and Global Head of Regulatory Advocacy at Mastercard, and former Financial Innovation Lead at the World Economic Forum, gives us a look into the 2023 WEF Annual Meeting and emerging digital trends on the horizon. In its first winter being held in Davos since the start of COVID-19, Jesse discusses this year's Annual Meeting theme, “Coope...

In this episode of FRT, Jessica Renier, Managing Director of Digital Finance at the Institute of International Finance, discusses geopolitical and institutional frameworks as we close out 2022 and look forward to 2023. The environment in which financial institutions operate shapes priorities, and in turn, the workplans of global standard setting bodies with respect to digital finance. With this ep...

In this episode of FRT, Ryan Moore, Managing Director of Financial Services at EY, discusses trends in Machine Learning adoption in financial services and key insights in the upcoming IIF-EY Report on ML for Credit Risk and Anti-Money Laundering.   Ryan will join Conan French from IIF's Digital Finance department to discuss the state of development and adoption of ML, including the benefits and ch...

In this episode of FRT, Doug Elliott, Partner and Head of the Oliver Wyman Forum's Future of Money Initiative, discusses trends impacting global economics, the importance of designing CBDCs with a workable business model in mind, and the outlook for Crypto Winter.

The global trend of new privacy regulation that is both rushed and expansive is creating challenges for international financial services firms trying to operate amid increasing and fragmented regulation. Liz Roberts, IIF General Counsel, joins us on this episode to discuss the latest draft of the American Data Privacy and Protection Act which has garnered bicameral and bipartisan support and aims...

In this episode of FRT, Iota Nassr, Economist at the Organisation of Economic Co-operation and Development (OECD), discusses decentralized finance (DeFi), why it matters, its institutionalization, and the implications of volatility in the market.

In this episode of FRT, Jessica Renier, Managing Director of Digital Finance at the Institute of International Finance discusses the IIF's responses to the Federal Reserve Bank and European Commission consultations on a central bank digital currency. The IIF commends the Fed and EC for taking this step forward in considering this momentous issue.

In this episode of FRT, Ronit Ghose, Global Head of Banking, Fintech and Digital Assets for Citi Global Insights discusses the future of finance, exploring potential benefits and likely challenges of Decentralized Finance (DeFi), Web 3.0, and the Metaverse.

Leading supervisors and financial service firms are increasingly considering conduct and culture alongside the more established risk management areas. This episode explores the emerging trends surrounding conduct and culture and analyzes new solutions employing behavioral science and technology to deal with the scale and speed of the challenge.

In this episode of FRT, Tommaso Mancini-Griffoli, Division Chief in the Monetary and Capital Markets Department, and Gabriel Soderberg, Financial Sector Expert, of the International Monetary Fund (IMF) discuss Central Bank Digital Currency (CBDC), including design choices and interoperability, risks and opportunities in implementation, and how the IMF is working with countries as they explore CBDC...

DeFi (Decentralized Finance) and blockchain technology are driving innovation in products and services including NFTs (Non Fungible Tokens), DAOs (Decentralized Autonomous Organizations), and DID (Decentralized Identifiers). They are also attracting regulatory scrutiny as the sector grows, risks become clearer, and these new kinds of organizations struggle to comply with existing regulatory framew...