#FinancialFox Digital finance: banks MUST embrace innovation, State Street

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In this #FinancialFox episode, Steffy speaks with Swen Werner from State Street, one of the first financial corporations to embrace cryptocurrencies. They discuss central bank digital currencies, the future of the financial industry and the impact of technological disruption for financial services.

0:00 Intro
2:10 State Street background
4:05 Digitalisation of bank services & blockchain for finance
9:30 Digitalisation of trading
12:45 DeFi vs. traditional centralised finance
17:45 Impact of tech disruption in client relationships
21:00 Central Bank Digital Currency (CBDC)
25:50 Retail CBDC
30:30 China’s experience with CBDC
33:45 Future of tech in banking
36:00 Composability in banking
37:30 El Salvador’s adopts Bitcoin
41:30 Crypto democratising finance
43:40 Is Bitcoin digital gold?
47:40 Client demand for crypto and digital assets
50:40 Steffy’s final thoughts

Follow Steffy: https://twitter.com/stefixy
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