In this episode, Paolo Sironi sits down with Patrick McConnell, author of “Digital Money: Operational Risks and the Threats to Operational Resilience”. They discuss the far-reaching impacts of emerging types of digital money upon financial institutions’ operational risk and resilience profiles. Many new operational risks could potentially arise as digital money innovations are integrated with existing systems. In addition to helping to manage existing risks, operational risk management (ORM) groups will have to become experts in technology and cryptography. Patrick’s comprehensive analysis of how the digital financial ecosystem is adapting covers: emerging types of digital money, evolving global and instant payments, cryptocurrencies, central bank digital currencies (CBDCs) and stablecoins. They also discuss other financial and technology innovations, such as post-quantum computing.

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Patrick McConnell – https://www.linkedin.com/in/pjmcconnell/