The Next Wave of Digital Transformation in Banking
Podcast Series by Mobey Forum and Consult Hyperion

Episode 2: CBDC - Exploring the "Why"

Moderated by: Tim Richards, Principal Consultant at Consult Hyperion

Guests:
Ville Sointu, Chief Strategist, Digital Currencies at Nordea
Mads Clemmensen, Digital Assets Lead at Danske Bank

Why are central banks worldwide planning to issue CBDCs? In this episode, we address this question and more:
- Why are so many central banks around the world planning to issue CBDC?
- What is the difference between wholesale and retails CBDCs?
- What are the problems that wholesale CBDC is solving, and the pain points in existing wholesale payments?
- What it might be possible to do with a CBDC that you cannot do with a card payment?

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In April 2024 Mobey Forum’s Digital Wallet Expert Group published 'Beyond Payments: Navigating the Next Generation of Digital Wallets' - a report that explores the next generation of digital wallets, analysing their evolution, current state, and future potential.

In this podcast, the co-chairs of the group and authors of the report, Kristian Sørensen from Nets eID Solutions, Marina Repo from Nordea and Cédric Sieber from PostFinance, discuss the key findings.

In an era marked by rapid technological advancements and shifting consumer expectations, digital wallets have emerged as a central pillar in the evolving digital finance landscape. The report introduces a new definition of digital wallets as interfaces to securely manage verified data and digitized assets, reflecting their expanded role beyond financial transactions. It also emphasizes the strategic considerations and recommendations for banks in navigating the digital wallet domain effectively and thriving in the new digital era.

‘Beyond Payments: Navigating the Next Generation of Digital Wallets’ report available free of charge here.

For further information go to mobeyforum.org

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The Next Wave of Digital Transformation in Banking
Podcast Series by Mobey Forum and Consult Hyperion

Episode 1: The Evolution of Digital Wallets and Identity

Moderated by: Dave Birch, Director at Consult Hyperion
Guests:
Heidi Torgnes, Co-Chair of Mobey Forum's Digital Identity Expert Group & Business Developer Payments and eID at Eika
Kevin Faragher, Member of Mobey Forum's Board of Directors & AVP of Interac Verified Product at Interac Corp.
Daniel Goldscheider, Founder and Executive Director at OpenWallets Foundation

As digital wallets are moving beyond payments, identity is at the core of this next generation of wallets. Exploring this transition, in this episode we address the following questions:

• How will identity in digital wallets differ in functionality from the identity cards in physical wallets?
• What are the opportunities for banks in digital identity wallets and how will banks in markets with already established digital identities evolve their offering to digital wallets?
• Are digital identity wallets really a smartphone app?
• How are the standards for digital wallets being developed?

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