In my recent conversation with Patrick Daly of Interlinks, I outlined several pivotal issues shaping the future of finance and how it extends to geopolitics today. We discussed the disruptive impact of digital currencies, the challenges traditional banks face in a rapidly evolving landscape, and the transformative potential of cross-border payment systems. We then extended it to geopolitical shifts and global infrastructure projects like China’s Belt and Road Initiative. I wanted to show him how we should think about the ways in which China and the US can extend their influence in finance as the technology evolves. .
- Global Financial Trends: I explored how digital currencies disrupt finance and transform payment systems, enhancing financial inclusion and efficiency.
- Role of Traditional Banks: The discussion highlighted how traditional banks are struggling to keep up with digital transformation and fintech innovations. Benchmarking and consulting are vital for their competitiveness.
- Impact of Cross-Border Payments: Advances in cross-border payments are lowering costs and boosting financial inclusion, especially in emerging markets. Localised systems can drive economic growth in underserved areas.
- Geopolitical Implications: We examined the shifting role of the US dollar and the rise of alternative currencies, exploring how nations are considering new global payment systems. We also reviewed China’s Belt and Road Initiative, noting its impact on global infrastructure and the associated challenges and criticisms.
Listen to the episode:
Apple Podcast:
Acast Podcast:
Spotify:
Podimo: https://podimo.com/es/shows/patrick-daly-interlinks-podcast
Podtail: https://podtail.com/it/podcast/patrick-daly-interlinks-podcast/the-personalization-of-finance/
