FNA Broadcasts

With:

| Matthew Hunt (Deloitte, Currency Research)

Deloitte’s Matthew Hunt, Valeria Gallo and Ben Thornhill joined FNA for Session 18 of the Payments Systems Broadcast as we looked ahead to see what the future of money and payments holds. 

As payment infrastructures undergo significant moerniziation, it is crucial to address how these changes impact central banks, regulators and payment system operators.

In this session, we explored the evolution of payments, focusing on strategic priorities, trends and solutions for navigating the dynamic payments landscape including: 

With:

| Anneke Kosse, Senior Economist (Bank for International Settlements)

Given the substantial volume of transactions processed daily, finding anomalies is much like finding a needle in a haystack. So, how can Anneke Kosse and Ajit Desai’s novel machine-learning framework enhance transaction monitoring? 

Annke Kosse and Ajit Desai discuss their framework and how it significantly enhances the resiliency and efficiency of payment systems in this Payment Systems Broadcast.

The session follows Natsuki and Tunathon’s recent contribution to the IMF’s CBDC Virtual Handbook as we explored how strategic policy decisions and engaging intermediaries and end-users are key to addressing issues such as trust, public awareness and preference for existing payment methods. 

We also looked at the recently introduced REDI Framework and how the regulatory strategies, educational initiatives, design, and deployment choices it outlines help pave the way towards CBDC adoption. 

The session covered:

With:

| David McKay (HSBC Innovation Bank)

As consumer scams and fraud become more sophisticated and complex, finding effective strategies and solutions to protect consumers becomes increasingly imperative.

In session #16 of the Payment Systems broadcast, guests David McKay (HSBC Innovation Bank) and Chad Reimers (TransUnion) joined FNA to share their insights on how to effectively tackle the ever-evolving threat of fraud, safeguard consumers, and maintain trust in the financial system.

Together, we explored the current trends and tactics organizations are deploying to combat fraud and the innovative technologies and strategies emerging to help protect consumers.

The session covered:

With:

| Arvinder Bharath (International Monetary Fund)

Session #27 of FNA’s CBDC Broadcast delves into Project Polaris- a collaborative initiative focusing on the exploration and analysis of potential risk and mitigation strategies associated with tokenized securities and Central Bank Digital Currencies (CBDCs)

Guest Arvider Bharath (IMF) and Beju Shah (Bank for International Settlements) joined FNA to guide us through the project, which aims to provide a comprehensive understanding of how these emerging financial technologies can impact the stability of the financial system. We also discussed the role and importance of technologies like blockchain and international collaboration as guests shared case studies and lessons learned from the project.

With:

| Cameron Nili (Accenture, World Economic Forum)

Overview

The session covered:

| David Chaum (CEO Elixxir.io & Original Founder of XX.network)

In this session of FNA’s 60-minute webinar series, The CBDC Broadcast, guests David Chaum and Animesh Ghosh join us to offer insight into Currency Network’s vATM solution.

We’ll hear how this innovative CBDC solution aims to break down the barriers to CBDC adoption by simplifying and reducing the cost of CBDC implementation as our guests discuss how the vATM solutions offer frictionless CBDC payments through the contactless PoS system while ensuring cash-like privacy by combining advanced cryptography with financial messaging.

The session covered:

With:

| Thomas Moser (Alternate Member of the Governing Board, Swiss National Bank)

| David Newns (Head of SIX Digital Exchange)

Guests Thomas Moser and David Newns joined FNA to explore the third phase of Project Helvetia, in which the Swiss National Bank and SIX test the introduction of a live CHF wholesale CBDC on a distributed ledger technology (DLT)- based financial market infrastructure.

In this session, we focused on the liquidity management implications of settling tokenized assets in Central Bank money, assessing the impact on liquidity demands and liquidity fragmentation risk before considering the lessons learned from the pilot project so far.

This third phase of Project Helvetia continues pivotal work previously undertaken alongside the Bank for International Settlements. The multi-phase project is a significant endeavour aiming to understand how central banks could offer settlement in central bank money.

With:

| Ivan Mortimer-Schutts (Advisor, SIMBAS)

In today’s digital age, safeguarding payment systems against fraud, scams, and money laundering is paramount. This session brings together experts to explore the intricate nexus between these critical challenges.

In this session, guests Ivan Mortimer-Schutts (SIMBAS) and David Rennie (IDEMIA) joined FNA to explore the regulatory frameworks, emerging technologies, and best practices that harmonize fraud/scam prevention with robust anti-money laundering controls.

Together, Ivan and David shared their insights on how to strike the right balance between leveraging innovations like digital identity and data analytics while upholding principles of privacy and security.

With:

| Jannah Patchay (Executive Director, Policy Lead & Originating Member of the Digital Pound Foundation)

Guests Elise Soucie (Global Digital Finance) and Jannah Patchay (Digital Pound Foundation) joined the CBDC Broadcast to discuss what’s next for the Digital Pound as we asked how the Bank of England can build trust in the digital currency, what they can do to ensure appropriate safeguards are in place to maintain stability, and when we can expect to see a UK CBDC.

The session follows the Digital Pound Foundation’s submission to the Bank of England’s Discussion paper, outlining key considerations for developing a regulatory framework for digital forms of money, including stablecoins and CBDCs.

We’ll also look beyond the UK to explore what can be learned from other digital currency initiatives worldwide, to examine what advantages the UK has in pioneering this technology and the opportunity programmability brings for innovation and smart contracts.

The Session Covered: