FRT Episode 132: Central Bank Innovation - An Update on Digital Transformation in the Public Sector

Finance Regulation Technology

Episode 132 of FRT provides an update on digital transformation in the public sector with Sopnendu Mohanty, Chief Fintech Officer at the Monetary Authority of Singapore. The Bank for International Settlements (BIS) held their Innovation Summit 21-22 March where they convened Central Banks and representatives of the financial services industry to explore how technology is helping central banks and financial markets transform their operations. The program included views from Governors and BIS leaders on their strategic objectives as well as a review of progress and findings from the various BIS Innovation Hub projects around the world. On the side of the proceedings, FRT caught up with Sopnendu Mohanty, Chief Fintech Officer at the Monetary Authority of Singapore, to discuss the current approach to innovation in the public sector, hot spots such as digital assets and AI, and the role of the public and private sectors for innovation in a rapidly digitizing society.