In this episode of DigFin Vox, Dave Chapman speaks about the outlook for blockchain-based finance.
Chapman is executive director of B.C. Group, a listed company in Hong Kong that includes businesses such as ANXONE, an institutional crypto exchange, and OSL, an OTC brokerage for digital assets.
He discusses with DigFin‘s Jame DiBiasio why he believes financial services will continue to shift to digital assets, despite last year’s crash in the industry. Listen here or subscribe to DigFin Vox in the Apple podcast store.
Vox: James Lloyd, EY, on virtual banks
James Lloyd discusses the likely impact and remaining questions about the first recipients of Hong Kong VBLs.
James Lloyd, partner at EY, has been involved in helping clients obtain a virtual-banking license in Hong Kong. From that perch, he speaks with DigFin about what a VBL actually means, and how it might impact financial services in Hong Kong and beyond.
The conversation is timely, given that the first three licenses were just awarded by Hong Kong Monetary Authority. It did so on the basis of applicants that demonstrated resilience (the HKMA doesn’t want to see a bank failure), a strategy for financial inclusion, and a ready business plan.
But what does ‘resilience’ imply for business models? How are these banks different from challenger banks in other markets? What does financial inclusion mean in the context of a wealthy city? And how concrete are the designs of these newly licensed companies, which are at this stage just amalgamations of partners? Click to listen and find out.
Vox: PwC’s Henri Arslanian on the crypto outlook
Where the action is: insto demand, regulation, tech.
Henri Arslanian is well known for championing crypto and digital assets. As a partner at PwC in Hong Kong, he has been at the forefront of developing governance standards for crypto exchanges and blockchain companies, and helping make digital assets accessible to institutional investors.
In this discussion with DigFin‘s Jame DiBiasio, Arslanian talks about what’s next for crypto following last year’s ICO bust and the onset of a “crypto winter”. He goes into institutional demand, regulatory advances, business models, and what it takes for a blockchain company to get a Big Four accountancy’s audit.
Among his viewss: the crypto industry today is comparable to where hedge funds were in the early 1990s. Listen to get a global update on the state of play in digital assets.
Vox: Urszula McCormack on digital identity
She speaks with DigFin about how financial institutions should prepare for digital I.D.s.
Open banking, APIs, biometrics and even blockchain: these are creating a huge number of opportunities for financial institutions. But there are even more question marks. The promise of digital finance, for both F.I.s and consumers, is predicated on knowing who you’re dealing with on the other side of the smartphone.
Urszula McCormack is a partner at King & Wood Mallesons in Hong Kong. She has been spearheading the firm’s work in digital identity as well as blockchain.
She sits down to speak with DigFin about how financial institutions should best prepare themselves to manage the risks as well as the rewards of managing identities digitally.