Bank of International Settlements Releases New Report on Fintech

The Bank of International Settlements released a new report on fintech, tokenized securities, central bank digital currencies, cross-border payments and p2p platforms; the report identified a few key trends, one of which is that policy makers need to look into new forms of payment platforms; according to Crowdfund Insider Agustín Carstens, General Manager at BIS, pointed out that “the most transformative option for improving payments is a P2P arrangement that links payers and payees directly and minimises the number of intermediaries.”; the report also discussed the legal questions around the use of blockchain based systems and the need for clarity on security tokens; central bank digital currencies or CBDC’s are also a big topic for discussion amongst central banks and whether or not they are needed; Carstens remarked: “A key question informing the BIS Innovation Hub’s work is whether money itself needs to be reinvented for a changing environment, or whether the emphasis should be on improving the way it is provided and used.” Crowdfund Insider

  • Emily Donato

    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.