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BT Future of Finance Podcast: Purpose-bound money and CBDCs - what it means for you
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Wholesale CBDCs are a more efficient way to make cross border payments, less painless, less cumbersome, more real-time, according to Janet Young from UOB.
PHOTO: UOB
DeeperDive is a beta AI feature. Refer to full articles for the facts.
How much do you know about CBDCs and how it’ll affect you? This digital form of money which is available to the general public and a liability of the central bank gives you broad access to digital money that is free from credit risk and liquidity risk.
Howie Lim gets insights from Janet Young, managing director and head, group channels and digitalisation, strategic communications and brand at UOB.
Synopsis: The Business Times Branded Podcasts; finely curated, intelligent, thought provoking content for decision-makers. Inspired by the newsroom of your trusted partner.
Follow on audio apps Apple Podcasts, Spotify and Google Podcasts, or Google Home smart speaker devices. Produced by The Business Times, SPH Media.
This episode of Future of Finance podcast is presented by UOB.
Highlights:
01:14 MAS’ Project Orchid
02:35 UOB’s involvement and purpose-bound money
04:59 Local banks and Orchid Pilots
07:14 The evolution of tech stacks
09:35 Whole CBDC; future of money
10:50 What it all means for consumers
More about:
UOB: https://www.uobgroup.com/uobgroup/index.page
UOB Innovations: https://www.uobgroup.com/techecosystem/sff/index.html#innovations
UOB: Corporate & Institutional Banking: https://www.uob.com.sg/corporate/index.page
Written, hosted and edited by Howie Lim (howielim@sph.com.sg)
With Janet Young, managing director and head, group channels and digitalisation, strategic communications and brand at UOB.
Engineered by: Joann Chai Pei Chieh
Executive producer: Claressa Monteiro
A podcast by BT Podcasts, The Business Times, SPH Media
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Website: bt.sg/brpod
Feedback to: btpodcasts@sph.com.sg
Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party’s products and services. Please consult professional advisors for independent advice.
