In this video:
Puneet Narang, Head – Corporate Bank Technology, India; CIO, Contextual Banking & Banking as a Service (BaaS), Deutsche Bank
Topic:
Beyond Borders – Exploring the Digital Horizons of Banking Tech
Key Highlights:
[1] Cryptocurrency had a zero value initially and now the large scale high volume transactions gave much value to these digital currencies. This laid the foundation for reshaping the future of the BFSI sector.
[2] Though AI is the most talked about tech today, but what’s going to define the future of banking are CBDCs (Central Bank Digital Currencies).
[3] CBDCs are traceable. Further, as these will be led by central banks it will be highly regulated.
[4] Digital currency is programmable. It can be programmed through a code to regulate its usage and behaviour.
[5] CBDCs has the ability to create a social impact as it can be programmed to prevent its misuse.