Rearchitecting the Global Financial System
This roundtable sparked critical discussion on financial system reform evolution, exploring the global financial system’s modernisation and technological needs, showcasing global solutions like India’s Aadhaar system.
While there is a recognition of the advancements and resilience within the current system, there remains a consensus on the necessity for rearchitecting the operational inefficiencies, discover full details from the report!
Rearchitecting the Global Financial System
This roundtable sparked critical discussion on financial system reform evolution, exploring the global financial system’s modernisation and technological needs, showcasing global solutions like India’s Aadhaar system.
While there is a recognition of the advancements and resilience within the current system, there remains a consensus on the necessity for rearchitecting the operational inefficiencies, discover full details from the report!
Insights from Senior Leaders and Industry Experts at Japan Fintech Festival 2024
With over 1.5 billion unbanked individuals and SMEs struggling for financing, the inefficiency of outdated systems, high remittance fees, and sustainability concerns call for an urgent, strategic overhaul incorporating modern technologies and sustainable practices.
The discussions emphasised on leveraging public digital infrastructures, adopting forward-thinking regulatory policies, and fostering partnerships to improve the accessibility and efficiency of financial services.
Main themes covers in the report:
- Part 1: Global realities and challenges
- Part 2: The need for rearchitecting the financial system
- Part 3: Understanding the digital infrastructure
- Part 4: Success stories and recommendations to foster digital transformation in finance
Contributors
Navin Suri
Advisor to the Board of Directors, Elevandi
Tram Anh Nguyen
Co-founder, CFTE
Koichi Kano
CEO, SBI Zodia Custody
Rahul Advani
Policy Director, APAC Ripple
Anikó Szombati
Executive Director & Chief Digital Officer, The Central Bank of Hungary
Serkan Yuksel
Head of Department Finance Office of the Presidency of the Republic of Türkiye
Chizuru Suga
Director, Digital Economy Ministry of Economy, Trade and Industry of Japan
Sopnendu Mohanty
Chief FinTech Officer Monetary Authority of Singapore & Chairman of the Board, Elevandi
