Entries for 'Digital Finance'

The IIF is pleased to co-publish the Global Assured Identity Network (GAIN) white paper, with the other participants of the Open Digital Trust initiative and 150+ co-authors from across the global Digital Identity community.

The fifth session of the IIF’s DataTalk forum, our interactive forum with knowledge partner the Oliver Wyman Forum, discussed methodologies for the valuation of data. This note provides a brief summary of the key themes that emerged in our discussion.

Having been spotlighted in the IIF’s new series on inclusion, Amin Khairy from CIB Egypt and Chad Harper from the Visa Economic Empowerment Institute join us on FRT to discuss their work in promoting inclusion through digitalization, with Amin’s work focusing on reaching the unbanked through device-driven banking, and Chad discussing VEEI’s latest research report on global digital remittances. Chad and Amin discuss the need for end-to-end digital enablement, the gender disparity in inclusion efforts, and the importance of public-private partnership, among other topics in this episode of FRT.

NAB’s Jade Haar and UnionBank of the Philippines’s David Hardoon discuss key areas of focus for the ethical handling of customer data, including the importance of a governance framework, data control, challenges around algorithmic decision-making systems, and the importance of knowledge sharing and training. One of the key focal areas of the discussion was the IIF recently published Data Ethics Charter, which outlined a set of principles around the use of customer data, and included insights from Chief Data Officers and experts within our membership.

This series highlights innovations by IIF’s member firms in promoting financial inclusion through digitalization. This edition focuses on Scotiabank’s innovative use of artificial intelligence / machine learning technologies in forecasting liquidity in short-term predictions, addressing their clients’ unique financial needs, providing proactive assistance, and establishing trust

Wells Fargo’s Agus Sudjianto discusses approaches for ‘Explainability’, one of the key focal areas of the US agencies’ recent Request for Information on Artificial Intelligence and Machine Learning.

The fourth session of the IIF’s DataTalk forum, our interactive discussion forum with knowledge partner the Oliver Wyman Forum, focused on the ethical use of data.

The IIF has submitted comments in response to the FSB’s consultation on ‘Targets for Addressing the Four Challenges of Cross-Border Payments’. This consultation addresses the specific areas of cost, speed, access and transparency.

President Biden signed his new Executive Order on ‘Promoting Competition in the American Economy’ on July 9. A particularly wide-ranging and comprehensive Order, it includes 72 initiatives and recommendations for actions by 12 agencies, with key focus areas in technology and financial services, in addition to others in healthcare, agriculture, transport and more.

Scotiabank CRO Daniel Moore, FRT’s first guest, returns to discuss how data and innovation are supporting transformation of the Risk function, and some ground-breaking applications of Machine Learning technology to support customers, promote inclusion, and combat human trafficking.

The IIF has provided comment on the U.S. Federal Register Request for Information and Comment on Financial Institutions’ Use of Artificial Intelligence, including Machine Learning, published on March 31, 2021. 

The third session of the IIF’s DataTalk forum, our interactive discussion forum with knowledge partner the Oliver Wyman Forum, focused on artificial intelligence (AI) and machine learning (ML) explainability.

Axel Weber, Chairman of the IIF and UBS Group AG, discusses the future of the financial services industry, amidst digitalization, changes in cost economics, the rise of tech platforms, and a growing need for cross-border co-ordination in data and tech policies.

This briefing note summarizes the key topics that emerged during our "Realizing the Digital Promise" webinar on June 3rd. Featuring banking, tech, and official sector practitioners, the panel explored main themes from the latest IIF-Deloitte report on digital transformation.

We speak with Dr. Eva Hüpkes, Head of Regulatory and Supervisory Policies and Alex Stervinou, Member of Secretariat, both at the Financial Stability Board, Basel. Eva and Alex unpack the FSB consultation on targets for enhancing cross-border payments, and progress on regulation, supervision and oversight of global stablecoin arrangements, such as Facebook’s Diem project.

Prof. Doug Arner of Hong Kong University discusses the experiences with China’s FinTech platforms, and some of the key learnings for policymakers and incumbent financial firms across the rest of the world.

The Institute of International Finance developed—with inputs and practical insights from chief data officers and other experts from within our membership across the globe—a Data Ethics Charter (DEC) outlining a set of principles for the ethical handling of customer data.

New developments in CBDC, what they mean for market participants, forecast of format wars, and the need for interoperability are the topics of the day as we speak with Ronit Ghose, Global Head of Banks and Co-Head of Global FinTech at Citi Research who is the author of a new report “Future of Money: Crypto, CBDCs and 21st Century Cash”.