Jane is Head of the Payment & Digital Assets, Market Analysis & Policy Department, which is part of the Payments & Digital Assets Directorate at the FCA. The Department covers both payments and crypto policy amongst other things. Jane has previously specialised in insolvency as Head of the Resolution Department, before which Jane concentrated on Client Assets since joining the FSA in 2009 from a corporate law firm.
Hall 5, Singapore EXPO
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Businesses engaged in trade finance face inefficiencies and high costs due to manual processes and a lack of cross-border data portability infrastructure when using financial products such as letters of credit and supply chain financing. Digitalisation of trade finance can drive economic growth, enhance financial stability, and build resilience in the global financial system.
Open finance could play an important role in building the infrastructure for cross-border data portability. With around 70 jurisdictions regulating open banking and open finance, differing domestic standards, protocols and infrastructure create barriers to seamless cross-border data flows. It is essential to focus on avoiding fragmentation and fostering interoperability. Proven API-based technologies offer a path toward global interoperability through harmonisation and common infrastructure connecting the different domestic open finance systems.
This panel will explore how open finance can unlock the future of cross-border data portability to improve efficiency and connectivity within the financial system, particularly in global trade finance.
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