Kimmo Soramäki is the Founder and CEO of FNA. Kimmo started his career as an economist at the Bank of Finland where he developed in 1997 the first Simulator for interbank payment systems. In 2004 while at the research department of the Federal Reserve Bank of New York, he was among the first to apply methods from network theory to improve our understanding of financial systems.
During the financial crisis of 2007-2008 Kimmo advised several central banks, including the Bank of England and European Central Bank, in modeling interconnections and systemic risk. This work led him to found FNA in 2010 to develop technology for solving important issues around financial risk and for exploring the complex financial networks that play a continually larger role in the world around us.
FNA now helps financial authorities, institutions, and market infrastructures around the globe to make the financial system safer and more efficient. Kimmo holds a Doctor of Science in Operations Research and a Master of Science in Economics, both from Aalto University in Helsinki.
Roundtable Room 3, Sands Expo & Convention Centre, Level 4
Invite-Only
Both digital trade and digital finance are frequently cited as key to solving the trade finance gap and more generally the financial inclusion gap. Although there are examples of instances where fintechs have helped to expand financial inclusion, the trade finance gap and the problems of financial inclusion continue to grow. The bulk of finance, technology and digital trade innovation– particularly in the past year where focus has been on the use of AI– have focused on making current processes faster and more efficient, without making a real dent on inclusion.
This roundtable seeks to recentre the inclusion discussion on the collaboration that digital trade and digital finance advocates must undertake to create real pathways – not just rhetorical ones – towards financial inclusion. Among the key discussion items will be:
- Creation and sharing of data from trade processes into finance
- Tokenization of real world and financial assets to solve deep tier/upstream access
- Partnership with Multilateral Development Banks and policymakers to drive private sector action
- The role of CBDCs and payments
Working with the audience, the roundtable seeks to outline a number of actions that can be taken collaboratively towards closing the inclusion gap and making real progress, bearing in mind the need to strike a better balance between the need for commercial viability of innovation and the need to solve inclusion issues and secure future prosperity.
Roundtable Room 2, Sands Expo & Convention Centre, Level 4
Invite-Only
This roundtable will explore how the use of technology can support efforts in combating illicit financial activities and evasion of sanctions in payments. The roundtable seeks to enhance collaboration between the public and private sectors on technological solutions for fighting illicit financial activities like money laundering (ML), terrorism financing (TF), fraud and scams.
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