Inside Innovation Live 13 - Shared ledgers and the future of finance | Swift

LinkedIn Live broadcast: 23 July 2024
The financial world is exploring the concept of a new, universal shared ledger to revolutionise digital payments and assets. This isn't just a trend - major institutions are already seriously exploring the idea.
The industry-led Regulated Liability Network has been experimenting with shared ledgers for three years now, with a new proof of concept recently announced in the US, and others are also coming on board.
In its 2023 Annual Report, the Bank for International Settlements highlighted the transformative power of a unified ledger to fully leverage tokenisation's advantages, and it’s currently putting this theory to the test in Project Agora.
So, what's the big deal with shared ledgers? What advantages could they bring, and what hurdles do we face in establishing universal platforms?
Watch this insightful session with Swift’s Head of Innovation, Nick Kerigan, and industry experts, Priscilla Koo Wilkens, Senior Economist in Innovation and Digital Economy at the Bank for International Settlements (BIS) and Tony McLaughlin, Emerging Payments and Business Development at Citi, as they delve into these questions in our Inside Innovation Live.
Discover the future of finance and how shared ledgers could be the key to a more seamless and transparent financial ecosystem.
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MODERATOR:
BIO: Nick Kerigan - Managing Director, Head of Innovation, Swift
Nick is responsible for the performance of the innovation strategy, ensuring that innovation delivers on its mandate to accelerate and de-risk the creation of new products and services that deliver value to customers. He has a wealth of experience from over 20 years working in payments and banking across developed and emerging markets. Nick is a thought leader and top-100 financial sector influencer.
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GUEST SPEAKERS:
BIO: Priscilla Koo Wilkens - Senior Economist in Innovation and Digital Economy, BIS
Priscilla Koo Wilkens is a Senior Economist in the Innovation and Digital Economy unit at the Bank for International Settlements (BIS), where she leads the Business Workstream in Project Agorá (public sector). Previously, she held various roles at the Central Bank of Brazil, including Head of the Pix Management Division and co-leader of the Brazilian Credit Information System development. Priscilla holds an Industrial Engineering degree from Escola Politécnica da Universidade de São Paulo and an MPA in Economics and Finance from Cornell University.
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BIO: Tony McLaughlin - Emerging Payments and Business Development, Citi
Tony McLaughlin is responsible for Emerging Payments and Business Development in Citi’s Treasury and Trade Solutions (TTS) business. He works on the future of money and the product-market fit between regulated finance and the modern digital economy. His core interest is to ensure that Citi solutions and the wider banking industry meet the emerging payment and settlement needs of digital native commerce.
He provides advice on the future of digital payments to Governments, Regulators, Fintechs, Big Techs, Multi-national Corporates and Financial Institutions and is the originator of the ‘Regulated Liability Network’ concept that explores the application of shared ledger technology to the sovereign currency system.
He joined Citi in 2004 and has been Cash Management Head for Asia Pacific based in Hong Kong and the Global Transaction Services Head for the United Kingdom, spearheading Citi’s engagement with large public sector clients and payment aggregators. Tony was responsible for the design and development of ABN AMRO’s Third Party Continuous Linked Settlement (CLS) offering, core electronic banking platform and Transactional Foreign Exchange solution.
At HSBC Holdings, he fulfilled a global strategy role for the Payments and Cash Management business, helping to set the five-year strategy. Before that he was a Senior Product Manager for Barclays Bank with responsibility for electronic collections products including International Direct Debits.
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LinkedIn Live original video and event page: / 7216449272920109056
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