The dramatic growth of Mobile Money in Sub-Saharan African markets presents some interesting learnings for bank strategies and partnerships with FinTech firms, and with some fascinating scenarios ahead as app-based payment platforms enter the market.

Finance Regulation Technology

FRT Episode 108: Mobile Money in Sub-Saharan Africa

Mindset shift for digital transformation and supporting the next wave of African entrepreneurs and their tech driven innovations are the topics for this episode. 

FRT Episode 107: Banking Transformation & African Digital Growth

This episode dives into the landscape of bigtech platforms, their market advantages in a data driven economy, and the regulatory response in China, UK, EU and the US with new privacy, data regulation and competition moves.    

FRT Episode 106: Big Techs, Finance & Regulation

Having been spotlighted in the IIF’s new series on inclusion, Amin Khairy from CIB Egypt and Chad Harper from the Visa Economic Empowerment Institute join us on FRT to discuss their work in promoting inclusion through digitalization, with Amin’s work focusing on reaching the unbanked through device-driven banking, and Chad discussing VEEI’s latest research report on global digital remittances. Chad and Amin discuss the need for end-to-end digital enablement, the gender disparity in inclusion efforts, and the importance of public-private partnership, among other topics in this episode of FRT.  

FRT Episode 105: Spotlight on Inclusion

NAB’s Jade Haar and UnionBank of the Philippines’s David Hardoon discuss key areas of focus for the ethical handling of customer data, including the importance of a governance framework, data control, challenges around algorithmic decision-making systems, and the importance of knowledge sharing and training. One of the key focal areas of the discussion was the IIF recently published Data Ethics Charter, which outlined a set of principles around the use of customer data, and included insights from Chief Data Officers and experts within our membership.  

FRT Episode 104: Ethical Handling of Customer Data and the IIF Data Ethics Charter

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.  

FRT Episode 103: Explainable AI and the US Request for Information

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. We discuss some of the potential ramifications, including the focus on technology platform business models and data accumulation, a portent to Open Banking, and the requirement for the US Treasury to report on how the activities of big technology companies and non-banks affect competition in finance within the next nine months. We also discuss the political dynamics of the Executive Order and the process ahead, and how the focus on technology firms compares to initiatives in Europe and China.

FRT Episode 102: U.S. Executive Order on Competition

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.

FRT Episode 101: Innovation & Transformation in Risk

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 coordination in data and tech policies.

FRT Episode 100: IIF Chairman Axel Weber

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.

FRT 99: Cross-border Payments and Global Stablecoin Arrangements

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.

FRT Episode 98: The Platformization of Finance

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”.

FRT Episode 97: The Future of Money - Digital Currency 2.0

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.

FRT Episode 96: Connectivity and Customer Centricity: Highlights from IIF Asia Summit

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.

FRT Episode 95: Machine Learning Trends & Developments

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 Bostrom share the successes of this initiative, and the growing interest in --and opportunities for --applying this approach around the world.

FRT Episode 94: BankID and the Future of Identity

Hear the latest from the IIF’s experts on where the dynamic world of digital innovation in finance intersects with key regulatory and public policy considerations. Specific topics include access to innovative technologies, data sharing and protection, machine learning, cloud computing and cultural change within firms in the digital era.

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Finance Regulation Technology

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