Exclusive video: Professor Alistair Milne on CBDC

FinTech LIVE London 2023 continued with a keynote from Alistair Milne, Professor of Financial Economics, who discussed CBDC and the fintech ecosystem

Held at the QEII Centre in the heart of Westminster, our annual conference, FinTech LIVE London 2023, proved to be a disruptive learning and networking experience. 

The two-day event gave leading lights from across the fintech industry an opportunity to showcase their latest strategies, projects and innovations, while attendees soaked up valuable insight and expertise.

Day two continued with a keynote from Alistair Milne, Professor of Financial Economics at Loughborough University, who discussed CBDC and the fintech ecosystem. 

CBCD on the horizon

"There's so much change happening in the world of financial technology," said Prof Milne, introducing his talk. "Nobody knows it all. In fact, I think [for] all of us, the best starting place is to say we all have a great deal to learn."

Professor Alistair Milne from Loughborough Business School speaking at FinTech LIVE London 2023

He continued by discussing the emergence of CBDC in countries across the globe. 

"CBDC is catching on; it's one of the big talking points of the last couple of years," added Prof Milne.

"We have a lot of regulation, a lot of consultation, so projects around the digital euro and digital pound are not going to happen very quickly, but maybe in four or five years' time this is going to be a real thing."

Explaining further the concept of CBDC and how it might work in practice, Prof Milne continued: "It's like a bank note, but it's going to be facilitated by payment interface providers and without the handicap of legacy systems. 

"Certainly the way the Bank of England's going, and the Euro system as well, these transactions are not going to be completely anonymous and private because the police and law courts will have the opportunity to jump in if they need to."

"CBDC is not really about replacing commercial banks, but it's ultimately, I think, a furthering up of opportunities for technology-based business models in digital banking."

To watch the session in full, simply follow the video link at the top of this story. 

Want to see more from FinTech LIVE London 2023? Stay tuned to our website for more content, which will be coming your way very soon. 

******

For more insights from FinTech Magazine, read our latest edition here or follow us on LinkedIn and Twitter.

You may also be interested in our sister site, InsurTech Digital, which you can also follow on LinkedIn and Twitter.

Please also take a look at the playlist for our latest hybrid event, FinTech LIVE London, to learn all about the latest trends in fintech. 

******

BizClik is a global provider of B2B digital media platforms that cover executive communities for CEOs, CFOs and CMOs, as well as leaders in Sustainability, Procurement & Supply Chain, Technology & AI, Cyber, FinTech & InsurTech. We also cover industries including Manufacturing, Mining, Energy, EV, Construction, Healthcare and Food & Drink.

BizClik, based in London, Dubai and New York, offers services such as content creation, advertising and sponsorship solutions, webinars and events.

Share

Featured Articles

Sustainability LIVE Net Zero: Sustainable Finance Insights

Financial services and banking executives have the opportunity to hear from the world’s biggest sustainability leaders discussing the future of Net Zero

EPAM: 96% of Consumers Happy With AI in Banking

EPAM Continuum has conducted its 2024 Consumer Banking Report, suggesting that 96% of consumers are happy with banks adopting AI

Bitcoin Reclaims US$1tn Valuation; the Bull Market is Here

Bitcoin, the world’s largest cryptocurrency, has hit the US$1tn valuation mark again after the cost of one Bitcoin jumped 22% to US$52,005

COMING SOON: Top 100 Women in FinTech 2024

Digital Payments

FinTech LIVE Dubai: Linoy Kidd, CIO at HSBC

Financial Services (FinServ)

NASDAQ: Banks Need Fintech Trust to Combat US$3tn in Fraud

Fraud & ID Verification