Do banks need several days to settle transactions across borders? Can the cost of remittances be lowered? As the US rolls out FedNow, its instant payments network, and considers a CBDC, what’s next in the world of payments innovation? Join the Atlantic Council’s GeoEconomics Center on Thursday, January 19th, from 10:00 am-11:00 am ET to discuss the next generation of international payments.
2023 is shaping up to be a critical year for innovation in the payment infrastructure, as more than 100 countries around the world are exploring CBDCs, many of which are wholesale cross-border projects. Additionally, traditional payment players are evolving their own platforms to adapt to the rise of blockchain technology.
Josh Lipsky, Senior Director of the GeoEconomics Center will give opening remarks. Ananya Kumar, Associate Director for digital currencies at the GeoEconomics Center, will be joined by Nick Kerigan, Head of Innovation Execution at SWIFT, Federico Grinberg, Economist in Payments, Currencies, and Infrastructures Division, Monetary and Capital Markets Department at the International Monetary Fund, Jesse McWaters, Senior Vice President and Global Head of Regulatory Advocacy at Mastercard and Nasreen Quibria, Senior Director and Head of Cross-Border Policy Engagement at Visa.
This event will answer complex questions on the evolution of major payments players, cross-border functionality of CBDCs, current Real Time Gross Settlement systems and their interaction with CBDCs and other platforms, as well as how new architectures will be built to facilitate faster, cheaper and safer payments.
Atlantic Council GeoEconomics Center
Head of Innovation Execution
Society for Worldwide Interbank Financial Telecom (SWIFT)
R. Jesse McWaters
Senior Vice President and Global Head of Regulatory Advocacy
Senior Director and Head of Cross-Border Policy Engagement
Economist in Payments, Currencies, and Infrastructures Division, Monetary and Capital Markets Department
The International Monetary Fund
Associate Director, GeoEconomics Center
At the intersection of economics, finance, and foreign policy, the GeoEconomics Center is a translation hub with the goal of helping shape a better global economic future.