Where Finance Finds Its Future - podcast cover

Where Finance Finds Its Future

Future of Financeshows.acast.com
The New Face of Finance, Where Finance Finds Its Future. Future of Finance has one overriding goal. It is to host meetings (at the moment virtual meetings) that bring together long established members of the financial services industry (banks, brokers, asset managers, insurers, financial market infrastructures) with entrepreneurs (challenger banks, technology companies and FinTechs) and market authorities (central banks, regulators and policymakers) to explore how the financial services industry can grow faster by being more open, more innovative and more trustworthy. If you would like to get in touch about featuring on a podcast, please email wendy.gallagher@futureoffinance.biz

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Episodes

Digital ID is more important than digital money or digital assets

Questions posed from the October 2020 discussion and will provide the framework for the March 2021 discussion: How can a DataNet be realised most efficiently? What role can government play in accelerating progress towards widespread adoption of digital IDs? What can we learn from a comparison of the digital ID schemes in those jurisdictions which have adopted them already? How can Open Data initiatives best be harnessed to the adoption of digital IDs? What factors will encourage banks to take di...

Mar 30, 20211 hr 6 minSeason 1Ep. 20

Institutional Adoption in Crypto Markets

With all the excitement being generated by institutional investment in crypto markets, it is easy to forget that a strong business case has to be implemented as well as advanced. Institutional investors entering any market need to be confident they can buy the assets, safekeep them, collect any entitlements and sell them . The recent investment by Ruffer in Bitcoin has captured headlines, but institutional money has followed the crypto-currency markets for years. Asset manager Fidelity launched ...

Mar 24, 20211 hr 8 minSeason 1Ep. 19

Payments innovation has failed to live up to the hype

Questions posed from the Payments Part I discussion in June 2020 and will provide the framework for the February 2 discussion: Payments still create significant costs in capital held for liquidity purposes. In what ways can the cost be reduced? Cross-border payments are still not instant in most cases. How can a genuinely global instant payments network of networks be built? The value of mobile telephone networks in connecting everybody to everybody is rich in further potential value for payment...

Mar 16, 20211 hr 7 minSeason 1Ep. 18

Data is not the new oil - its the new electricity

Questions posed from the Open Banking and Open Finance discussion Part 1 in October 2020 and will provide the framework for the Open Data Part II discussion on 2 March. Why is data such a powerful tool for consumers? How exactly does consumer control of data put companies under pressure to cut prices, innovate and personalise? Is the data of sufficient quality and extent to achieve the vision of a digital economy driven by consumers granting access to their data? Are banks (and energy and teleco...

Mar 02, 20211 hr 14 minSeason 1Ep. 16

The meaning of AI, machine learning and robotic process automation in financial markets

Topics for discussion include: The relative importance of cost-cutting versus improved customer service Whether finance is especially well-adapted to RPA and AI Whether the projected savings are being achieved Attitudes of employees towards the technologies Impact on levels of employment and skill Whether the IT department is a source of resistance to RPA and AI and ML How it alters the threat of cyber-attacks Current natural language processing capabilities Difficulties in working with legacy s...

Feb 23, 20211 hr 11 minSeason 1Ep. 15

What programmable money can do for us and to us

Programmable money is one of the technologies to have emerged from blockchain. In fact, its origins in the trustless promise of primitive blockchain are not hard to discern. It is, in essence, tokenised cash controlled by a smart contract rather than a bank or central bank. The smart contract decides, for example, to make a payment automatically when an invoice is received, and nobody can stop the payment from being made or reverse it once it is made. This creates an obvious hazard – if a smart ...

Feb 09, 20211 hr 6 minSeason 1Ep. 14

The Data Opportunity in Asset Management

The asset management industry has always consumed data. The quantitative investment management depended on plentiful supplies of the price data that financial markets produce. But prices and statistics are now being supplemented by social media, satellite and mobile telephone data that highlights investment opportunities rather than exploitable patterns in the markets. But data is no longer the preserve of portfolio managers. The growing quantities of digital information are now seen as vital to...

Jan 19, 20211 hr 9 minSeason 1Ep. 13

Central Banks Digital Currencies Part 2

Questions posed from CBDC discussion Part I in July 2020 which will provide the framework for the January 12 discussion: 1. Is a CBDC issued directly to retail consumers, and not via the banking system, a serious near-term or long-term possibility? 2. Which entity (or type of entity) is best placed to resolve how CBDCs will interact with private sector crypto-currencies? 3. Which entity (or type of entity) is best placed to develop the technical standards necessary to enable domestic CBDC system...

Jan 12, 20211 hr 31 minSeason 1Ep. 12

Blockchain hits warp speed with "enterprise" version

As Blockchain makes its way out of the Trough of Disillusionment up the Slope of Enlightenment (© Gartner Hype Cycle) cynics forget it offered a valuable innovation: networks in which every participant sees exactly what every other participant sees. In any market where value is exchanged, everything that happens post-trade aims to reach that same point, by a laborious process of repeated reconciliation to identify errors followed by exception processing to correct them. Now "enterprise" blockcha...

Jan 12, 20218 minSeason 1Ep. 11

For Regulators Covid-19 is Just a Rehearsal for Resilience

Covid-19 put the operational flexibility of the financial services industry to the ultimate test: could the business continue when nobody was in the office? The answer so far is an encouraging one, but the global pandemic also coincided with a consultation by the Financial Conduct Authority (FCA), the Prudential Regulation Authority (PRA) and the Bank of England on new measures to further enhance the operational resilience of the financial services industry. Dominic Hobson asked Chris Freeman, a...

Jan 09, 202129 minSeason 1Ep. 10
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