IMF BIG TECH AND THE FUTURE OF FINANCE

ID

550124

SHOOT DATE

16 Oct 2019

SHOOT LOCATION

Washington, DC, United States

PRODUCTION COMPANY

IMF

DESCRIPTION
IMF BIG TECH AND THE FUTURE OF FINANCE
SHOTLIST
Washington – October 16, 2019
***PROGRAM FEED – SHOTS CHANGE THROUGHOUT***
1. Various open of forum on big tech and finance with IMF First Deputy Managing Director David Lipton introducing the panel
2. Wide audience
3. Mid panelists talking
4. SOUNDBITE: (English) David Marcus, Head of Calibra
“Pre-internet we were in a world where we used to pay up to a dollar a minute for an international call and 15 or 20 cents a text message and suddenly with the internet we can noew communicate for free with a $30 Android device. When you think about money it really hasn’t evolved the same way. And, the same person with the $30 Android device doesn’t have access to digital money at all. If anything, the poorer you are, the more you are paying for financial services.”
5. Wide panelists talking
6. SOUNDBITE: (English) Elizabeth Schulze, Technology Correspondent, CNBC International
“Do tech companies need to abide by the same rules banks abide by or should there be an entirely new set of rules here?”
7. SOUNDBITE: (English) Mark Carney, Governor, Bank of England
“That’s simple, the answer is yes. Same risks, same rules. One of the important things when we get into payments for example is, and what we’re realizing as regulators is that you need to look at the ecosystem as a whole. So, not just a narrowly defined slice of the payment system, because it is in many respects all interconnected.”
8. Wide forum
9. SOUNDBITE: (English) Nandan Nilekani, Co-Founder and Chairman of Infosys Technologies Limited
“So I think payment is so fundamental to an economy that you need an interoperable payment system, which is very, very critical. The other point is cross-border, I’ll just spend a minute. Cross-border remittance is a huge challenge. Today, the world has $689 billion of cross-border remittance from 230 million migrants.”
10. Wide panel at end of forum
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