Entries for 'Digital Finance'
July 28, 2021
This series highlights innovations by IIF’s member firms in promoting financial inclusion through digitalization. This edition focuses on Scotiabank’s innovative use of artificial intelligence / machine learning technologies in forecasting liquidity in short-term predictions, addressing their clients’ unique financial needs, providing proactive assistance, and establishing trust
July 22, 2021
Wells Fargo’s Agus Sudjianto discusses approaches for ‘Explainability’, one of the key focal areas of the US agencies’ recent Request for Information on Artificial Intelligence and Machine Learning.
July 22, 2021
The fourth session of the IIF’s DataTalk forum, our interactive discussion forum with knowledge partner the Oliver Wyman Forum, focused on the ethical use of data.
July 16, 2021
The IIF has submitted comments in response to the FSB’s consultation on ‘Targets for Addressing the Four Challenges of Cross-Border Payments’. This consultation addresses the specific areas of cost, speed, access and transparency.
July 15, 2021
President Biden signed his new Executive Order on ‘Promoting Competition in the American Economy’ on July 9. A particularly wide-ranging and comprehensive Order, it includes 72 initiatives and recommendations for actions by 12 agencies, with key focus areas in technology and financial services, in addition to others in healthcare, agriculture, transport and more.
July 7, 2021
Scotiabank CRO Daniel Moore, FRT’s first guest, returns to discuss how data and innovation are supporting transformation of the Risk function, and some ground-breaking applications of Machine Learning technology to support customers, promote inclusion, and combat human trafficking.
July 1, 2021
The IIF has provided comment on the U.S. Federal Register Request for Information and Comment on Financial Institutions’ Use of Artificial Intelligence, including Machine Learning, published on March 31, 2021.
June 30, 2021
The third session of the IIF’s DataTalk forum, our interactive discussion forum with knowledge partner the Oliver Wyman Forum, focused on artificial intelligence (AI) and machine learning (ML) explainability.
June 29, 2021
Axel Weber, Chairman of the IIF and UBS Group AG, discusses the future of the financial services industry, amidst digitalization, changes in cost economics, the rise of tech platforms, and a growing need for cross-border co-ordination in data and tech policies.
June 17, 2021
This briefing note summarizes the key topics that emerged during our "Realizing the Digital Promise" webinar on June 3rd. Featuring banking, tech, and official sector practitioners, the panel explored main themes from the latest IIF-Deloitte report on digital transformation.
June 17, 2021
We speak with Dr. Eva Hüpkes, Head of Regulatory and Supervisory Policies and Alex Stervinou, Member of Secretariat, both at the Financial Stability Board, Basel. Eva and Alex unpack the FSB consultation on targets for enhancing cross-border payments, and progress on regulation, supervision and oversight of global stablecoin arrangements, such as Facebook’s Diem project.
June 10, 2021
Prof. Doug Arner of Hong Kong University discusses the experiences with China’s FinTech platforms, and some of the key learnings for policymakers and incumbent financial firms across the rest of the world.
June 7, 2021
The Institute of International Finance developed—with inputs and practical insights from chief data officers and other experts from within our membership across the globe—a Data Ethics Charter (DEC) outlining a set of principles for the ethical handling of customer data.
June 2, 2021
New developments in CBDC, what they mean for market participants, forecast of format wars, and the need for interoperability are the topics of the day as we speak with Ronit Ghose, Global Head of Banks and Co-Head of Global FinTech at Citi Research who is the author of a new report “Future of Money: Crypto, CBDCs and 21st Century Cash”.
June 1, 2021
The second session of the IIF’s DataTalk forum, our new interactive discussion forum with knowledge partner the Oliver Wyman Forum, focused on Risk and Data Management. This note provides a brief summary of the key themes that emerged in our discussion, noting that this was conducted under the Chatham House rule, and comments are unattributed.
May 27, 2021
This report focuses on the steps, barriers, and benefits of digitizing remittances from both sender and recipient’s perspectives, highlighting the latest report from the VEEI on the topic.
May 26, 2021
FRT captures highlights from the 2021 IIF Asia Summit, with C-suite executives and central bank governors discussing the big strategic issues, including international digital co-operation and support for SME businesses in transitioning in an eCommerce economy.
May 19, 2021
Could a Chinese CBDC displace the dollar as the global reserve currency, undermine the U.S. sanctions regime or provide the Chinese government with the ability to increase surveillance on citizens?
May 18, 2021
Shameek Kundu surveys the landscape of Artificial Intelligence and Machine Learning across the financial services sector, observing the industry’s maturity with the technology, how the ecosystem of players is evolving, and the role played by regulators.
May 11, 2021
Norway’s BankID has been a leader in the use of secure bank credentials for accessing commercial and government services online. Vipps International’s Katinka Jussie Brurberg and Jessica Broström share the successes of this initiative, and the growing interest in --and opportunities for --applying this approach around the world.