Published on: October 8th, 2021 • Duration: 57 minutes
This is a real treat for Real Vision viewers as Raoul takes a peek behind the digital future of one of the most forward-looking central banks in the world–the Monetary Authority of Singapore.
As the Chief Fintech Officer of MAS, Sopnendu Mohanty is a rare breed of deeply-experienced banker and visionary technologist, who is at the cutting edge of the development of this dynamic city state. Banking and finance are having to adapt fast to this rapidly changing technological age. Sopnendu reveals Singapore’s four-pronged approach to disruption and their plans to become one of the world’s leading FinTech hubs.
Pal and Mohanty go on to discuss CBDCs—both wholesale and retail—and how programmable CBDCs are the future for many nations. They also take a look at how Singapore is embracing crypto entrepreneurs and crypto trading with pragmatic, sensible regulation that allows for both innovation sandboxes and consumer protection. There is a lesson for many countries in this wide-ranging and important interview for the crypto and fintech industry. Filmed on October 4, 2021.