Global finance leaders descended on Beijing this week for Sibos 2024, one of the banking world’s most influential conferences. Standard Chartered CEO Bill Winters told CGTN the event marks a pivotal moment for cross-border payments, fueled by tech innovation and the growing role of the Chinese renminbi.
🔮 Digital First, Payments Faster
Winters highlighted AI-driven solutions and blockchain tech reshaping how money moves worldwide. \"We’re entering an era where payments are instant, transparent, and accessible to everyone – from Tokyo to Nairobi\", he said, comparing the shift to \"Uberizing finance.\"
🇨🇳 RMB Rising, But Collaboration Key
The Standard Chartered chief acknowledged the renminbi’s growing clout in trade and reserves but stressed: \"No single currency will dominate. The future is multicurrency, powered by partnerships between nations and fintech disruptors.\"
🌐 Challenges Ahead
Winters emphasized balancing innovation with cybersecurity and regulatory harmony. His advice to young professionals? \"Learn to code, understand crypto rails, but never forget finance’s purpose: connecting people and opportunities.\"
