Entries for 'Digital Finance'

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.

The IIF has provided comment on the FSB consultative document Addressing the regulatory, supervisory and oversight challenges raised by “global stablecoin” arrangements, published on April 14, 2020.

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.

This paper explores how cloud architecture represents a key element to effectively manage the new scenario generated by the pandemic, supporting a resilient infrastructure and overcoming the bandwidth limitations of traditional architectures.

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.

The IIF and Deloitte have joined together to explore digital transformation in financial institutions. In this supplement, we examine the four fundamental shifts brought on by COVID-19 that have accelerated digital transformation in the financial services industry, discuss the role digital has played in financial institutions’ pandemic response, and explore the implications for these institutions as they navigate the uncharted waters ahead.

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

“Money Redesigned” is a new series of papers from IIF Digital Finance highlighting critical issues presented by the next generation of digital money.   

The IIF welcomes the Bank of England discussion paper Central Bank Digital Currency: opportunities, challenges and design, published on March 12, 2020, which provides an important contribution to this emerging field and identifies and fosters discussion on key issues.

This second paper in a three-part series , "Realizing the Digital Promise: Key Enablers for Digital Transformation in Financial Services," examines the key enablers for overcoming the challenges that were set out in our first report.

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). 

Peter Deans outlines the ’52 Risks’ framework that he has developed from his extensive career as a Chief Risk Officer, and relates this to the scenarios of a pandemic and digital transformation. He emphasizes the importance of avoiding quantification biases, and ensuring operations are versatile.

David Hardoon describes the key emerging issues in data policy that have been highlighted by the COVID-19 experience, including the value assigned to privacy, connectivity across borders, and the unintended consequences of some previous policy settings.