The Future of Cross-Border Transactions: Faster, Cheaper, and Revolutionized by CBDCs

In his Travillian Next debut, Dimitris Malisianos, Principal, Banking & Fintech Search at Travillian, engages with two recognized influencers and advocates of payments, innovation, and fintech: Jason Mikula, Publisher of Fintech Business Weekly and Managing Director of 312 Global Strategies BV and Panagiotis Kriaris, Commercial Director, and Head of Business Development at Unzer.

Their discussion focuses primarily on cross-border payments, which are essential in international trade, investments, and remittance. Although there are advancements being made, the pace of progress varies depending on the country. Additionally, further challenges arise around regulation, risk management, fees, currency fluctuations, and processing time.

Kriaris and Mikula also discuss Central Bank Digital Currencies (CBDCs) and how they may change the traditional way of banking to better enable real-time transactions worldwide, eliminating delays, fees and intermediate banks involved.

Video Index

2:38 | What are cross border payments

4:30 | Risks and challenges associated with cross border payments

7:26 | ISO 20022

9:03 | Speed between transactions

10:47 | Risk and KYC on transactions

12:16 | Security and privacy of transactions

15:20 | Innovations in Cross Border Payments

16:58 | What is CBDC’s

19:52 | Evolution of CBDC’s China-Europe-US

25:26 | Open Market competition discussion

27:28 | Risks and challenges domestically with CBDC’s question

30:54 | CBDC’s and stability within banks

31:49 | Bank benefits from CBDC’s

37:10 | Final thoughts

Related Posts

A Year Fighting in the Trenches for the American Fintech Council: A Conversation with Phil Goldfeder

  Keith Daly, Head of Tech and Innovation at Travillian, sits down with Phil Goldfeder, CEO of the American FinTech Council (AFC), to delve into the challenges and opportunities within…

Read more

Board Insights Series Part V: A Panel Discussion on Strategic Board Talent and Expertise

Join us for a compelling discussion hosted by Indra Elangovan, Travillian’s Head of Strategic Advisory, on bank board expertise, featuring a panel of experts sharing their perspectives on regulatory dynamics,…

Read more

The Core for 2024: Community Banks Face Tough Decisions in the Coming Year

2023 was a tumultuous year in the banking industry to say the least. Unexpected events early in the year forced bank executives to change course and focus on foundational issues…

Read more

Travillian Wrap Up: Charting the Future at the American Fintech Council Policy Summit

A perspective from Travillian’s Indra Elangovan, Head of Strategic Advisory: I recently participated in the AFC Policy Summit with my colleague Keith Daly, our in-house fintech guru. The event was…

Read more

The Road to Roger: Launching a Digital Bank, a Conversation with Jill Castilla & Jeffery Kendall

Jill Castilla, President and CEO at Citizens Bank of Edmond ($375M in Assets / Edmond, OK) is a Veteran, military mom and military spouse.  Besides her role as CEO at…

Read more

Governance, Risk & Compliance (GRC) 2.0: The Future of Organizational Excellence Starts Now

The Significance of GRC: Navigating Risk and Compliance in Banking Governance, Risk, and Compliance (GRC) is a comprehensive approach that unifies various organizational functions, such as governance, compliance, risk management,…

Read more