Advisor - Technology & Innovation for Open Finance, Payments, Digital Currencies, Bank for International Settlements
Hakan is an Advisor for Technology & Innovation at the Bank for International Settlements (BIS) Innovation Hub in Hong Kong with a focus on Open Finance, Digital Currencies and Payments. Before joining the BIS, he was the Global Open Banking & Open Data Practice Lead at Mastercard, based in Zurich. Hakan is an expert for open data ecosystems, open banking & open finance regulation, API standardization, instant and cross-border payments.
He is an internationally recognized thought leader in his area of expertise, and member of various international working groups. He brings more than 14+ years of technology & strategy consulting and product development experience at Mastercard, Accenture and Infosys – in Europe, the Middle East, Latin America and Asia Pacific.
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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