Entries for 'Digital Finance'

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.

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.

Bank of England’s Oliver Thew and Mohammed Gharbawi join us on FRT to discuss their recent Bank article on the impact of COVID-19 on the use of machine learning and data science in UK banking, and more widely key challenges around the use of AI and ML in finance.

The first session of the IIF’s new DataTalk forum discussed the topic of Data Localization. An interactive discussion forum for leading industry experts, tech firms, officials and academics, DataTalk provides lively discussion, with the support of our knowledge partner, the Oliver Wyman Forum.

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.

This report continues our series where we hear directly from those who are leading digital transformation at banks, insurers, technology firms, cloud service providers, public sector - regulators and supervisors. More than 150 have shared their insights and point of view to shape these findings and help identify how the promise of digital transformation can be realized. 

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.

This spotlight series will highlight the positive innovations from IIF member firms to promote financial inclusion through digitalization, with this first report focusing on the Commercial International Bank (CIB) Egypt.

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.

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.

The IIF and OpenID Foundation have provided comments that focus on the Digital Identity aspects of the FSB-CPMI initiative on the G20 Roadmap for Enhancing Cross-border Payments, and the associated 19 building blocks.

The Policy development workstream of the Open Digital Trust Initiative has developed draft Principles for Digital Trust Networks, identifying the high level ‘rules of the road’ that digital trust networks should adopt.

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.