Elevandi Insights Forum

About Insights Forum

Following the successful first edition of Point Zero Forum, Zurich, the Elevandi Insights Forum leverages the very same format of private, invite-only, deep-dive roundtables curated by our expert knowledge partners. It is designed to bring Senior Government Officials from the public sector and C-level attendees from the private sector together to debate challenges faced by the financial sector and to develop actionable next steps.

Each of the twenty-four carefully curated roundtables are designed to be intimate and deep-dive two-hour sessions held on the second floor of the Expo venue. Access to the forum is granted only with a special pass.

Our Knowledge Partners are working closely with both the public and private sector to identify challenges and pain points on high value topics to stimulate informed discussions.

Knowledge Partners

GUESTS WE ARE GETTING READY TO WELCOME

The Elevandi Insights Forum is where Heads of State, policymakers, financial services leaders, founders, investors, and technology experts convene to shape the future of finance.

Our Partners

DRIVING KEY
ACTIONABLE OUTCOMES

Agenda
2 Nov 2022
Organisations
2 Nov 2022
Building cross-border payments for an interconnected world

The roundtable will discuss:

1. ASEAN’s vision for cross-border payments interoperability by 2025 – including the near and long-term priorities, challenges and opportunities.
2. Developing the optimal model for inter-region connectivity
3. Leveraging Web3 technology (e.g. DLT, CBDCs etc.) to build more efficient, cheaper and safer payment rails for the future

Moderated by:
Raihan Zulimran, Team Lead, Next Gen Payments, Monetary Authority of Singapore
Andrew McCormack, Centre Head, Bank for International Settlements Innovation Hub
Responsible AI in Financial Services: Foundations and Future
A roundtable discussion organised during the Singapore FinTech Festival 2022 to emphasize the importance of and to align on a course of action to ensure the adoption of Responsible AI in the financial sector from Singapore and overseas.
Moderated by:
Monetary Authority of Singapore, Temasek, McKinsey & Company
Data Ecosystems in a Web3.0 World: Heterodox approaches to data portability
The meeting will take stock of developments in distributed data ecosystems in which data subjects play a direct role in holding and sharing their verifiable credentials or data with other counterparts, especially in the context of financial services. The meeting will aim to (i) define the key features of new and emerging distributed data sharing models, (ii) take stock of existing multi-country collaborations, (iii) identify their economic models and roles in broadening access, inclusion and development, and (iv) outline the policy concerns seen by government and multilateral authorities. The meeting should result in a set of recommendations outlining the scope of issues and approaches public sector authorities should be considering to enhance market driven data portability domestically and across borders, while still addressing policy and regulatory objectives.
Moderated by:
International Finance Corporation, World Bank
Advancing AI Governance with the C-Suite on the Hook
AI is bringing transformative change to society and financial services, but governance remains a challenging area for many institutions. AI functions best when it is trained by and has access to huge pools of data. Simultaneously, its strength comes from inferences which might be difficult to explain. The public sector has reacted with scepticism, uncertainty, and fear of all forms of bias, while the private sector has looked for an appropriate path forward. This balance is growing increasingly difficult and awkward.
The session aims to:
  • Identify practices, parameters, and organisational structures that are being developed for data governance and AI ethics
  • Discuss instances of bias in test phases and share best practices for correcting inappropriately biased outcomes; identify where bias is indeed appropriate
  • Discuss C-suite requirements for approving AI governance policies
  • Examine effective regulatory frameworks based on access to data versus risk-weighted models
Moderated by:
Conan French, Senior Advisor, Digital Finance, Institute of International Finance
Integrated SME Financial Ecosystems
The roundtable seeks to understand how to create a standardised and interconnected SME Financial Ecosystem, through a discussion around:
  • The importance of financial education to upskill local MSMEs and SMEs to scale their businesses in the digital economy
  • The role of verifiable credentials and alternative assessment tool of “intent to pay” to offer credit to MSMEs/SMEs
  • The role of public and private sector to offer financing and guarantees to serve the underserved business community
Moderated by:
Matther Gamser, CEO, SME Finance Forum, International Finance Corporation
Unlocking Digital Collaboration Opportunities to Advance the Financial Ecosystem Towards Sustainable Finance
There is significant movement among FIs to mobilise urgent collective action towards net-zero commitments to combat climate change. According to McKinsey studies, Asia alone will require USD1.1-2.1trillion investments to maintain 1.5°C relative to preindustrial levels by 2050. With increasing pressure from governments and investors, the Net-Zero Banking Alliance comprise of 100+ FIs are committed towards net-zero emissions by 2050. As the transition towards sustainable financing accelerates, how can we leverage innovative solutions in data enrichment and AI infrastructure as well as public-private digital partnerships to catalyse a robust and thriving ecosystem?
Key Outcomes
  • Alignment of the views of key challenges banks encounter in the transition toward net-zero commitments and sustainable financing
  • Outlining and underscoring digital, data and AI core-capabilities that can address key friction points
  • Promoting the potential of public-private digital collaboration and partnerships to smoothen and enhance the transition to green financing
Moderated by:
Bharath Sattanathan, Partner, McKinsey and Company

ENERGISING
PUPOSE

Agenda
2 Nov 2022
Organisations
3 Nov 2022
Open Banking & Finance Ecosystems: Fostering International Compatibility
The purpose of the meeting is to take stock of regulated open finance initiatives and identify the issues that industry and policy makers should address to enhance regional and international compatibility and integration of open finance arrangements and providers across markets. The discussion will focus on governance, licensing regimes, legal issues on cross-border activity and the operational and technical standards that underpin the security and efficiency of open finance.
Moderated by:
The International Finance Corporation, World Bank
The Business Model for CBDC Wallets
Hosted by Cardano Foundation
Invited Discussants:
Monetary Authority of Singapore, BIS Innovation Hub, FTX, Digital Asset, Coinbase, JPMorgan Chase & Co., Societe Generale, Development Bank of Singapore, US Federal Reserve, Mastercard, IBM, School of Computing and Augmented Intelligence, Arizona State University, Rensselaer Polytechnic Institute
The Business Model for CBDC Wallets
This session will explore options for a workable economic and risk model for future CBDCs and aim to drive the following outcomes:
  • Identify potential economic models for CBDC intermediation
  • Examine how needed functions, such as AML/KYC and cyber risk management, can be funded under a non-deposit taking revenue-generating model
  • Identify both the value-added customer services likely to be cannibalised and potentially realised by the advent of a retail CBDC
Moderated by:
The Institute of International Finance
Sustainable Finance Roundtable

This roundtable will be a follow-up from the last discussion at the Point Zero Forum in June, which focussed on:

This roundtable will be a follow-up from the last discussion at the Point Zero Forum in June, which focussed on:

1. Improving high-quality, reliable, transparent, and comparable reporting on ESG and sustainability metrics and standardize ESG and sustainability-related disclosures
2. Improving more comparable and standardized ESG and sustainability ratings assessments and benchmarks
3. Convincing more national governments to adopt common standards

Moderated by:
The Milken Institute
Building an open source operating system for the financial economy
The roundtable aims to drive the following outcomes:
  • Identify major trends at the interface of blockchain, financial services and regulation / economic policy
  • Encourage leading regulators and technologists to share their priorities and concerns around the future of blockchain regulation
  • Build consensus around principles for effective blockchain regulation, with a focus on the unique opportunities of proof-of-stake systems
Moderated by:
Frederik Gregaard, CEO, Cardano Foundation
Digital Collaboration in Regulation
This roundtable will discuss ways regulators can deal with existing and emerging risks by using digital solutions and how digital solutions can help Central Banks to better analyse data. The roundtable will discuss how collaboration between different jurisdictions and authorities can mitigate resource and knowledge burdens by scaling solutions for every participant. Challenges to solve might include a discussion on how to improve in-house expertise and of the use of digital solutions. The roundtable shall consist of senior regulators, experts from the industry and academics.
Moderated by:
Joy Wann, Advisor, Bank for International Settlements Innovation Hub
Kenneth Gay, Executive Director, Enterprise Knowledge Department, Monetary Authority of Singapore
Open Finance and Beyond
Moderated by:
Brad Carr, Executive, Digital Governance, National Australia Bank
Nicolas Brügger, Senior Policy Advisor, State Secretariat for International Finance SIF

SAVOUR
INFLUENCE

Agenda
2 Nov 2022
Organisations
4 Nov 2022
Stablecoins Driving the Future Economy
Moderated by:
Jo Yeo, Head, Payments Development and Data Connectivity Office, Monetary Authority of Singapore (MAS)
AIDA Talent Development
The roundtable will serve to validate the limitations of current interventions identified by the AIDA Talent Development Programme, and obtain feedback from stakeholders on how these measures can be improved to meet the AIDA talent supply crunch faced by the financial sector. The discussion will also help to shape AID’s strategies for increasing the supply of quality talent for the financial sector, and to incite stakeholders to contribute resources (e.g. mentorships, industry projects and case studies, training resources) to meet the sector’s needs.
Moderated by:
Monetary Authority of Singapore
From regulation to value creation – making proof-of-stake work for all stakeholders
The roundtable aims to drive the following outcomes:

1. Demonstrate the parallels between the principles of open source development and the principles of decentralised ledger technology (i.e. blockchains).
2. Hear from business leaders executing practical examples of open source development and blockchain experiments within their organisations.
3. Explore how organisations such as the Cardano Foundation and other organisation committed to open source can act as hubs for diverse stakeholders to collaborate on initiatives that synthesise and strengthen the best of both practices.
Moderated by:
Frederik Gregaard, CEO, Cardano Foundation
Expert Roundtable: The next frontier for sustainable finance in the Asia Pacific
This session will look at the opportunities, trends and the future direction of sustainable finance in the region, while also considering enabling policies, regulations and standards to support the financial sector in meeting its sustainable finance objectives. This dialogue will directly feed into ESCAP’s Financing for Development publication series which provides regional data and policy recommendations to Asia Pacific’s governments.
Moderated by:
Suba Sivakumaran, Chief, Financing for Development Section, ESCAP
Alberto Isgut, Economic Affairs Officer, Financing for Development Section, ESCAP
Connecting Innovation Lanes into a Global Path for Digital Assets
This session aims to:
  • Identify critical decision points for CBDC and stablecoin infrastructure development
  • Develop an agenda for public-private cooperation toward more aligned, connected, and interoperable systems; create near-term action items for improving coordination and international standards
  • Pinpoint ways to support a lower cost, more transparent, secure, and efficient global payments infrastructure
Moderated by:
Timothy Adams, President & CEO, Institute of International Finance
FX liquidity management for cross-border CBDC
Moderated by:
Andrew McCormack, Centre Head, Bank for International Settlements Innovation Hub