Daranee Saeju is the Assistant Governor in charge of Payment Systems Policy and Financial Consumer Protection Group. She oversees payment systems policies and regulations, as well as supervision of IT/cyber risks, market infrastructures, payment services providers, and non-banks. Fostering innovations in payments and fintech also come under her purview. In addition, she oversees works on market conduct, consumer protection and financial literacy.
Daranee has served the Bank for over 20 years in various critical functions including risk management, monetary policy formulation and implementation, foreign exchange policy and intervention strategy, markets and financial sector developments, financial stability, micro- and macro-prudential regulations, as well as international strategy.
During 2009-2011, she was seconded to the Monetary and Capital Markets Department at the IMF in her role as an expert on monetary and foreign exchange operations and market developments.
Daranee obtained her Ph.D. in Economics from the University of Rochester in the United States, and a B.Sc. in Economics from the London School of Economics and Political Science in England.
Roundtable Room 3, Sands Expo & Convention Centre, Level 4
Invite-Only
This roundtable aims to explore the critical policies and technologies necessary for fostering interoperable and harmonised digital commerce between India and ASEAN nations.
As digital commerce continues to evolve, the need for effective frameworks that facilitate seamless cross-border transactions becomes increasingly vital. This session will bring together industry leaders, policymakers, and technology experts to identify actionable strategies that can enhance digital commerce, ensuring that it is inclusive, secure, and efficient.
Key Discussion Points:
1. Identify the gaps in current regulations, policies and innovation to create a harmonised framework for digital commerce between India and ASEAN. What are the best practices that can facilitate interoperability across different digital platforms?
2. What more is to be done to advance cross-border digital payments and e-invoicing systems?
3. What is the importance of establishing secure and efficient payment gateways and the role of e-invoicing in streamlining processes and reducing transaction costs in cross-border trade?
4. With an increase in cross-border data flows, what measures need to be implemented to ensure data protection and protection from cyber attacks?
5. The discussion will explore concerns around Digital Identity and Authentication.
Hall 2, Singapore EXPO
Premium
Instant cross-border payments are fast becoming an imperative in the financial industry. Globally, 75 instant payment systems (IPS) are operational and another 20 are under development. Supported by their real-time and 24/7/365 capabilities, connecting IPS across borders has the potential to enhance the speed and lower the cost for cross-border payments, supported by greater access and transparency.
One of the most ambitious projects to-date is Project Nexus by the BIS Innovation Hub (BISIH) which seeks to enable instant cross-border payments at scale by connecting IPS globally via a multilateral approach. In the next phase of the project, BISIH will support a group of first mover countries (India, Malaysia, the Philippines, Singapore and Thailand) to implement Nexus in the real world to deliver benefits both individuals and businesses.
This session will explore the challenges and opportunities of connecting IPS across regions, and discuss the potential of a multilateral connectivity approach such as that outlined in Project Nexus:
1. Promote the operationalisation phase of Project Nexus, announcing key milestones and strategic vision for Nexus’ rollout and adoption.
2. Discuss the transformative potential of a next-generation financial market infrastructure such as Nexus to create a seamless, efficient, secure cross-border payments ecosystem.
3. Encourage international dialogue and collaboration among central banks, financial institutions and technology providers to support the successful implementation of Nexus.
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