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The Finternet: A giant leap for the financial system

· Agustín Carstens, General Manager of the Bank for International Settlements (International)

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· Agustín Carstens Wiki · Bank for International Settlements WikiThe Finternet: A giant leap for the financial system

ContextPresentation at the Peterson Institute in Washington with Nandan Nilekani; the BIS serves central banks worldwide and explores a unified digital financial system.

Why it mattersCarstens and Nilekani propose a unified digital architecture linking money and assets.

Problems raised
  1. Financial systems are fragmented.
  2. Technology is used piecemeal.
  3. The future system lacks a vision.
Solutions proposed
  1. Imagine the whole future financial system.
  2. Build the Finternet.
  3. Take a giant first step now.
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