Two new reports provide intellectual underpinning for more active engagement by central banks in digitalisation initiatives.
Rather than being behind the curve in terms of new payments technologies, banks are “a bit delayed” said Michael Spiegel, global head of cash management at Deutsche Bank. While innovation by bigtech and social media firms really took off during 2007-2010, banks had “other challenges” at that time, he said, writes Heather McKenzie.
Post-trade providers stepping up as passive shift ‘jeopardises entire intermediary infrastructure’, writes Jon Watkins
David Bannister, principal analyst at Ovum talks about Swift’s role in international payments, where cross-border payments are being taken into the real-time world
Michael Bodson, president and chief executive officer at the Depository Trust & Clearing Corp, believes DLT is a powerful technology that could transform post-trade processing.
Alan Marquard, chief strategy and development officer at CLS, says technologies such as AI, ML and cloud will be important in defining the future role of financial market infrastructures in a digital economy.