Questions about the purpose of central-bank digital currencies (CBDCs) are more pressing than ever. What are they for? How should they work? What does a CBDC imply for commercial banks and e-wallet providers?
Hubert Knapp is managing partner at Chavanette Advisors, a boutique that is providing central banks with research and tools for a CBDC strategy. Hubert brings enormous experience, having spent a career in Southeast Asia helping commercial banks with digital transformation.
He speaks with DigFin's Jame DiBiasio about those digital projects, why banks are still not ready for end-to-end digital capabilities, and why the advent of CBDCs will force faster and deeper change upon the banking industry.
If you enjoy DigFin VOX, then like, share and subscribe!
For all DigFin content, visit: [ Ссылка ]
Timecodes:
0:00 - Hubert Knapp, Chavanette Advisors
2:15 - Hubert's journey helping Asian banks go digital
5:05 - Why "digital transformation" is different today, the role of APIs, and the impact on banks and their people
9:09 - Core banking systems are in crisis and face new vulnerabilities
11:34 - Culture versus investment, and why banks are still talking about changing customer service
13:08 - "Shaky foundations" of focusing on UX and not the architecture
14:10 - Banks aren't ready for DLT and other next-gen tech, but CBDCs will force them to change
16:22 - Why bankers should be excited about these changes, and why the Silicon Valley Bank collapse is a warning
22:40 - CBDC's impact on commercial banking
25:17 - Chavanette's views and how CBDCs will impact fractional-reserve banking
29:18 - Wholesale versus retail CBDCs
31:45 - Implications for e-wallets
33:01 - Is blockchain relevant?
34:39 - Expected developments and possible deployments
