The Money Movement with Jeremy Allaire | Leaders in Blockchain, Crypto, DeFi & Financial Inclusion

Ep 93 | Technology Acceleration and Regulation | A Conversation with Sigal Mandelker

Dec 15, 2023

Sigal Mandelker, former senior official at the Justice Department and Treasury Department, discusses disruptive financial technologies, aging financial infrastructure, problem-solving talent, and identity credential models in a conversation with Jeremy Allaire at the Singapore Fintech Festival.

19:54

Creator website

Episode guests

Sigal Mandelker

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Highlights

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Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Disruptive financial technologies like blockchain can provide solutions for declining correspondent banking in emerging markets and enable access to stablecoin and digital gold.

Regulators need to become more comfortable engaging with crypto and blockchain technology, issuing clearer rules and guidance, and interacting with developers and organizations in the industry to foster innovation and better solutions for compliance, privacy, and cybersecurity.

Deep dives

The Importance of Disruptive Financial Technologies

The guest highlights the need for disruptive financial technologies in the face of the declining US correspondent banking in emerging markets. Access to the US financial system is crucial for regions seeking financial inclusion and US economic tools. Disruptive technologies like blockchain can provide solutions and enable access to stablecoin and digital gold. The guest's career in the public sector and experience overseeing FinTech policy and compliance led to the realization that traditional financial infrastructure needs to be updated for the internet era.

Challenges and Opportunities in Regulating Blockchain and Cryptocurrency

02:55

Introduction

4min

Technology's Role in Improving Financial Access and Inclusion

3min

The Challenges of Compliance and Regulation in the Internet Financial System

8min

Exploring Privacy, Identity, and the Role of Cryptography in Financial Systems

3min

Technology Acceleration, Privacy, and Compliance

2min

Sigal Mandelker’s career reflects a deep commitment to financial services, technology and national security. In senior roles at both the Justice Department and Treasury Department, Sigal helped lead Washington’s efforts to combat terrorist financing and financial crimes. Today, at Ribbit Capital, she is helping to advance a new generation of responsible and regulated fintech companies.

At Singapore Fintech Festival in November 2023, she joined Circle Co-Founder, Chairman and CEO Jeremy Allaire for a discussion about emerging regulatory frameworks for new forms of financial infrastructure.

In their Money Movement conversation, Sigal and Jeremy discussed:

👉3:10 Disruptive financial technologies

👉5:30 Aging financial infrastructure

👉16:25 Problem-solving talent

👉20:25 Identity credential models

If you’re interested in learning more about trends in financial technology and regulation, tune in to this episode of The Money Movement.

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About the show

The global economy is experiencing unprecedented challenges and change. Business leaders everywhere are grappling with how to transform their companies to become more digital, resilient and efficient. As we face this change, a new global movement is building around the promise of digital currencies and blockchains — forming a new architecture for the global economy and creating new opportunities for companies everywhere. The Money Movement explores the issues, ideas and icons driving this transformation in how we spend, send, save and store value.

The Money Movement is brought to you by Circle. Our mission is to raise global economic prosperity through the frictionless exchange of value. Learn more at circle.com.

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The Money Movement with Jeremy Allaire | Leaders in Blockchain, Crypto, DeFi & Financial Inclusion

Ep 93 | Technology Acceleration and Regulation | A Conversation with Sigal Mandelker

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

The Importance of Disruptive Financial Technologies

Regulatory Comfort and Experimental Openness

Balancing Privacy, Compliance, and Cybersecurity

Challenges and Opportunities in Regulating Blockchain and Cryptocurrency

Remember Everything You Learn from Podcasts