Nilixa is an experienced policy maker and regulatory expert and founder and CEO of Payments Solved a regulatory consultancy advising on the regulatory frameworks for open banking and open finance , digital assets and payment services both in the UK and globally. Nilixa is a qualified lawyer holding a Masters in European Competition Law and has extensive knowledge of banking, payments and payment systems gained from her time in industry and with the UK and EU regulators. Nilixa has worked extensively with UK Government, the European Commission, the European Central Bank (ECB), and EU regulators. Nilixa has been appointed to various strategic European level committees including the ECB SecurePay Forum, ECB Digital Euro Market Advisory Group, the EU API Evaluation Group, the UK Payment Strategy Forum, the EU Payments Systems Market Expert Group and the EU Data Expert Group. Nilixa started her financial services career as an in-house lawyer with Barclays before moving to lead payment policy at the Financial Conduct Authority. Nilixa has also held roles with the European Banking Authority, the Open Banking Implementation Entity and Mastercard.
Nilixa is a well-known public speaker and works with industry, regulators, and legislators to influence and drive changes in the digital assets, banking and payments ecosystem for a financial services landscape that is secure, transparent, and inclusive.
Roundtable Room 4, Sands Expo & Convention Centre, Level 4
Invite-Only
In September 2024, Elevandi hosted a roundtable “FinTech Above the Fray: Building a Resilient Payments Ecosystem” in collaboration with the Milken Institute at the 2024 Asia Summit. The discussion centered on how the digital economy and fintech services have significantly improved peoples’ abilities to access financial services and transact online.
We are pleased to continue the dialogue on how payments systems, being the first point of entry into the formal economy for many, play a critical role in ensuring that financial flows serve the common good. But the exponential availability of opportunities to participate in the digital economy can be a double-edged sword; the boom of companies and services seeking to facilitate transaction also opens the doors to new risks and concerns.
Bringing together global providers of payments infrastructure and innovative regulators, this roundtable will consider how concerns over data privacy, ownership, and sovereignty, fraud and cybersecurity, nefarious financial activities, and geopolitics are being addressed, and what this implies for businesses and consumers. Participants will discuss how the payments ecosystem can be both safe and trustworthy, but also more efficient, pragmatic, and innovative.
Hall 5, Singapore EXPO
Open
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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