The future of money: CBDC cyber resilience and the payments revolution
As more central banks experiment with central bank digital currencies, common digital architecture features – including cloud strategies for running core payments services and cybersecurity benefits – are being tested to better understand how to maintain monetary sovereignty in a global landscape.
This session examines operational resilience against the backdrop of the new payments infrastructure and considers challenges pertaining to data protection, potential vulnerabilities in increasingly digitalised operating models and the impact of CBDC and cloud technology on monetary policy. OMFIF is joined by Aristides Andrade Cavalcante Neto, chief of cybersecurity and technical innovation office at the Banco Central do Brasil, to explore strategies for tackling these vulnerabilities and what central banks must do to provide system durability for the next frontier of money.
Timings:
14:00 – 15:15 London
09:00 – 10:15 New York
21:00 – 22:15 Singapore
Speakers:
Aristides Andrade Cavalcante Neto
Chief
Cybersecurity and Technical Innovation Office
Banco Central do Brasil
Peter Faykiss
Director
Digitalisation Directorate
Magyar Nemzeti Bank
Michael Greenwald
Senior Executive and Global Lead of Digital Assets and Financial Innovation
Amazon Web Services
In collaboration with:
This discussion is part of the OMFIF Digital Monetary Institute. The OMFIF Digital Monetary Institute is a high-level forum which convenes key policy-makers, technology experts, investors and regulators to explore the challenges, opportunities and implications of digital finance in the 2020s. See more information on OMFIF’s DMI here. Please contact Partnerships@omfif.org directly for membership details or register your interest below and we’ll be in touch.
