New Borders or No Borders?

Facing up to the new-tech reality in payments

New technologies and our networked society have become a huge challenge for traditional banks and regulators. Platformization and the rapidly evolving consumer behaviour erode the established position of FSIs that are dependent on legacy systems. New players using emerging technology view tech-savvy consumer communities as a base to service, irrespective of geographical location. Existing borders are increasingly viewed as irrelevant, presenting a serious challenge to regulators. Libra could embrace hundreds of regulatory jurisdictions.

How should regulators align themselves against the potential disruption driven by such initiatives? Is this ‘the new normal’ or do we need to create new virtual borders to accommodate these new players? Don’t miss this insightful keynote on Day 1 by Paul Schulte, Fouder at Schulte Research and co-author of “AI and Quantum Computing – Impact in the Transaction Space”. This book offers a framework and analysis for the current technological landscape between the US and China across the financial and insurance sectors as well as emerging technologies such as AI, Blockchain, Cloud and Data Analytics and Quantum Computing.

  

  

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