Podcast: fintech predictions for 2020

Will cloud technology become mainstream? Is artificial intelligence the future of regulation? Rachael King and Adam Csabay make their fintech predictions for 2020 in the second episode of Tech Talk
podcast
Ed Neale Scullion

Increased levels of collaboration and standardisation will dictate the fintech landscape for 2020, according to Central Banking’s latest Tech Talk podcast.

In our latest episode, we take a look at four of the biggest areas in fintech – cyber security, central bank digital currencies, cloud technology and artificial intelligence – and take stock of growing trends.

What is apparent is the need for consistency at an international level. But perhaps the overarching questions for a global industry like fintech are: who sets the standards, and how? The International Monetary Fund, Financial Stability Board and the Bank for International Settlements all have skin in the game but, at the moment, no single international organisation has emerged as a clear leader.

Central Banking’s view is that we should encourage the use of the existing, global standards process that has served the industry for decades – and help fintech companies, financial institutions and regulators work from the same, open book.

Once these base-level standards have been created, regulators will have a better idea of what role they should play in the fintech era. They will no longer need to remain technology-agnostic. 

The podcast was recorded on January 24, 2020.

Index

00:00 Introduction

00:50 Cloud adoption and standardisation

04:10 CBDCs – a shift in thinking

07:00 Do we need a CBDC?

09:25 More cyber stress tests are needed

13:30 Data sharing = increased collaboration

16:00 Disjointed applications of AI

19:40 2020: the year of standardisation?

To hear the full podcast, listen in the player above, or download. Future podcasts in our CB On Air: Tech Talk series will be uploaded to centalbanking.com. CB On Air is also available via iTunes or podcast apps and from Google Podcasts (Android only).

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