Disrupting the Payments Industry: Online Webinar Highlights

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The regulatory landscape in the payments space has in the past few years seen new digital technologies giving rise to greater innovations. From cross-border and retail payments to central bank digital currencies (CBDCs) – regulators seem to have been more involved in the payments industry. To discuss the current role of regulators in the new digitally enhanced payments ecosystem, we at the Centre for Finance, Technology and Entrepreneurship (CFTE) were delighted to host a webinar on ‘Disrupting the Payments Industry’ along with the Central Bank of Hungary (MNB) and the Budapest Institute of Banking (BIB).

Leading experts from the Monetary Authority of Singapore (MAS), National Bank of Cambodia, Abu Dhabi Global Market and the Central Bank of Hungary – joined in to discuss the role of regulators in new digital ecosystem payments, the emerging innovations, and digital currency initiative through CBDCs. The speakers during the webinar included,

  • Tram Anh Nguyen, Co-founder – CFTE
  • Huy Nguyen Trieu, Co-founder – CFTE
  • Gergely Fábián, Executive Director MNB – Central Bank of Hungary & CEO, Budapest Institute of Banking
  • Fabian Vandenreydt, Senior Advisor – Abu Dhabi Global Market | Former Global Head of Securities Markets – SWIFT 
  • Serey Chea, Assistant Governor – National Bank of Cambodia
  • Sopnendu Mohanty, Chief Fintech Officer – Monetary Authority of Singapore (MAS)

A Synopsis of the Panel Discussion

During the panel discussion on ‘Disrupting the payments industry’, Huy Nguyen Trieu, Co-founder of CFTE mentioned how “payments for a very long time were an overlooked area in financial services”, as FinTech start-ups have had a huge impact on changing the narrative with companies such as Stripe, Square and Mollie. Payments have gone from overlooked to very hot in a short period of time. 

Disrupting the Payments Industry - Online Webinar by CFTE, MNB and BIB

The rise of desire to make payments seamless as non-bank players have taken advantage of the use of technology to capitalize on the consumer’s need for convenient and secure financial services through increased digital systems. This has led to increased involvement of regulators in promoting financial inclusion as Serey Chea, Assistant Governor – National Bank of Cambodia, mentions “after the 2008 financial crisis there was a post-crash increase in technology and innovation through promoting financial inclusion”.

Furthermore, as technology continues to play a pivotal role in the finance ecosystem, the development and changes have either improved or broken companies, businesses, and organizations. As panel member Tram Anh states, “technology is eating finance … through the disruptive methods which are taking place”. Further on, the panel highlighted the importance of understanding technology is a core skill in finance, as it can make one stand out from the rest of the crowd due to the quick transforming skills emerging in the finance industry which is now being heavily influenced by technology. Through understanding technologies such as:

–   Machine Learning

–   Application Programming Interface (API)

–   Blockchain, and more

Tram Anh Nguyen, CFTE's co-founder, speaks about a technology driven roles in financial services at the Disrupting the Payments Industry - Online Webinar by CFTE, MNB and BIB

The emergence of new skills is continuously increasing in finance, as has the necessity to keep upskilling. Since automation and digitalisation through the impact of COVID-19 have had a significant impact on the acceleration in the use of technology in the payments industry, due to customers and finance professionals increasing switching to digital methods of conducting business and communication.

Learn the skills of Fintech

Learn the skills of Fintech

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Frequently Asked Questions

The Centre for Finance, Technology & Entrepreneurship (CFTE) is a global education platform that aims to equip financial professionals and organisations with the necessary skills to remain competitive in a rapidly changing industry. Our leading training programmes, curated by global industry experts, help talent build skills to join the digital revolution in finance. CFTE’s courses are globally recognised with accreditations from ACT, IBF, CPD, SkillsFuture and ABS.

At CFTE, our mission resonates with every learner’s goals to rapidly advance in their career, to thrive in their next project or even to lead the disruption in finance with their own venture. To help you do this, CFTE gives you the tools you need to master the right skills in digital finance. We bring exclusive insights from leaders that are steering the developments in the financial sphere from global CEOs to disruptive entrepreneurs. With CFTE you don’t just learn what’s in the books, you live the experience by grasping real-world applications.

If you are looking for rich insights into how the Financial Technology arena is transforming from within, we can help you get the latest knowledge that will stir things up in your career. CFTE offers leading online programmes in digital finance, covering an expanse of topics like – Payments, AI, Open Banking, Platforms, Fintech, Intrapreneurship and more, that will help you conquer the financial technology landscape. With this expertise at your disposal, you will be on track to turbocharge your career.

You will be learning from a curated line-up of industry leaders, experts, and entrepreneurs hailing from Fortune 500 companies and Tech Unicorns, among others. They will each be presenting their knowledge and experience in the field of digital finance. No matter if you are embarking on a new journey or fortifying your role, these lecturers and guest experts will guide you through the perspective of established institutions like – Starling Bank, Wells Fargo, tech giants like – Google, IBM, successful startups such as – Kabbage or Plaid, among many more!