It’s Time to Fix Cross-border Payments 2021 | Future of Finance (FOF) | 28 September 2021 | Webinar

The topics to be discussed will include:
1. What is the case for concentration (as opposed to competition) in cross-border payments?
2. Why are banks withdrawing from correspondent banking?
3. How big a problem are KYC, AML, CFT and sanctions screening risks?
4. Are digital identities a solution to KYC, AML, CFT and sanctions screening risks?
5. Is data privacy a problem?
6. How big a problem is legacy technology, infrastructure and processes (e.g. batch processing, limited operating hours) and, if so, how can the problem be overcome?
7. Are the problems worse in some currency pairs than others and, if so, why?
8. Are currency controls an aspect of the problem?
9. Can transaction management platforms that offer transaction monitoring and repair and cost transparency (such as SWIFT gpi) help?
10. Why can’t domestic payment market infrastructures (PMIs, either or both of ACHs and RTGSs) be linked?
11. Is adoption of data standards (e. g. ISO 20022) a pipedream?
12. Are APIs an alternative to structured data exchanges?
13. Must FX conversions be left to commercial banks?
14. Are cross-border and cross-currency FinTechs doing anything except transfer value from banks to themselves?
15. Do new private sector initiatives (such as Stablecoins, central bank omnibus accounts and bi-lateral, pre-funded settlement in commercial bank money) offer durable solutions?
16. Are funding costs (liquidity savings) an incentive for banks to change their behaviour?
17. Is this at root a data problem that can be solved with better data?
18. Do CBDCs offer the ultimate long-term solution?

2021 Speakers

PANELIST:

Arjun Jayaram
Founder, CEO, Baton Systems

Daniel Eidan,
Advisor, Solution Architect, BIS

Angus Fletcher
Commercial, Regulatory Advisor, Fnality