Tech Talk: exploring the world of fintech
Central Banking's new podcast series focuses in on some of the breakthroughs and challenges central banks face as they foray into the world of technology
Central Banking's new podcast series focuses in on the challenges central banks face as they attempt to regulate a host of new technologies as well as integrate new developments in the fintech sector into their operating processes to make the financial system safer and more efficient. Speaking to a host of central bankers, Rachael King and Adam Csabay seek to open the door to what could be a brave new world.
In the 1990’s the invention of the internet significantly altered the provision of financial services. A decade later, and the introduction of smartphones has changed the financial landscape even further. As customer behaviour has shifted, bank business models have followed suit and the age of technology has quickly arrived.
Central banks, normally seen as fast followers, have been unable to wait to see how this trend develops - the pace of technology integration has meant regulators around the world have had to look closely at their own internal processes and reassess regulatory frameworks.
Over the past 12 months, we have witnessed some significant evolution in the market: Google was granted a payment license, Facebook attempted to launch its own currency, and the Monetary Authority of Singapore stressed its banks against cyber attacks.
Central Banking hopes to enlighten its audience on these new developments and more with its new podcast series Tech Talk, seeking to lift the lid on regtech, big data usage, cybersecurity, big tech, central bank digital currencies and cryptoassets.
How will central banks fair as more technology firms seek to disrupt the status quo and offer financial services? Will the People’s Bank of China launch the world’s first central bank digitial currency? Will it be Sweden? And will the efforts of numerous pilots result in the first distributed ledger cross-border payment system? Stay tuned.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com
Podcast: Fintech and the question of central bank autonomy
Central banks should ensure their fintech activities do not undermine transparency and independence
Read morePodcast: the legal implications of CBDC
The majority of central banks cannot issue CBDCs to the public under current frameworks
Read morePodcast: Fintech likely to gain greater foothold in Kazakhstan post-pandemic
Covid-19 has forced incumbents to innovate, allowing fintech firms to increase presence in the market
Read morePodcast: Georgia’s data-driven response to Covid-19
Covid-19 has provided the NBG a chance to test out its new data capabilities
Read morePodcast: inside Brazil’s new instant payment system
New system seeks to boost financial inclusion with coverage of accounts and mandatory participation
Read morePodcast: Bank of Finland’s Aleksi Grym on a 1990s’ digital currency
Avant was launched to establish a new payments network but failed due to competition from ATMs
Read morePodcast: fintech predictions for 2020
Will cloud technology become mainstream? Is artificial intelligence the future of regulation? Rachael King and Adam Csabay make their fintech predictions for 2020 in the second episode of Tech Talk
Read morePodcast: Central Banking launches Tech Talk series
In the inaugural episode, Rachael King and Adam Csabay cast a critical eye over some of the biggest fintech developments of 2019
Read more