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Doug Feagin

President, Ant International

Mr. Douglas Feagin serves as President of Ant International and Corporate Senior Vice President of Ant Group.

He joined Ant Group in June 2016 to spearhead the company's globalization strategy, Alipay's global business development, operations and marketing activities. Prior to joining Ant Group, Mr. Feagin worked at Goldman Sachs from August 1994 to May 2016 and served as a Managing Director from 2004 through 2016.

At Goldman Sachs he maintained a broad set of client relationships across sectors including banks, specialty finance, FinTech and insurance in the U.S., Latin America and Asia.

He graduated from the University of Virginia with a Bachelor's Degree in Economics in June 1988, and he received an MBA from Harvard Business School in June 1994.

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Roundtable Room 1 (Level 2)

Decoding Digital Assets and Payments

Wed, 03 Jul | 01:30PM - 03:00PM

The future blueprint for cross-border payments: Sending money around the world in seconds

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This roundtable reflects Elevandi’s commitment to developing the infrastructure to support the adoption of new technologies.

The quest for cheaper, faster, more transparent and accessible cross-border payments has become a central focus for policymakers and financial institutions worldwide. At the forefront of this initiative is the G20 Roadmap for Enhancing Cross-border Payments, setting ambitious targets on speed, cost, transparency and accessibility by the end of 2027, while also prioritising safety and financial inclusion globally.

In tandem with this global effort, the Bank for International Settlements (BIS) introduced Project Nexus in 2021, an innovative initiative aimed at reshaping the landscape of cross-border payments. Through Nexus, the BIS has developed a multilateral and standardised approach in connecting fast payment systems globally to enable instant and seamless cross-border payments. Over the past two years, Project Nexus has conducted a successful proof-of-concept with the fast payment systems in the Eurozone, Malaysia, and Singapore. Notably, it has also facilitated collaboration among five Southeast Asian countries to link their fast payment systems.

With the completion of Phase III of Project Nexus, it promises to reveal ground-breaking advancements towards establishing a global multilateral payments platform. Under the theme of Decoding Digital Assets and Payments, this upcoming roundtable presents a rare opportunity for attendees to gain insights into the blueprint for this pioneering cross-border payments model. With the potential to revolutionise the current state of the global financial market infrastructure, Project Nexus is poised to redefine the future of cross-border transactions.

Attendees who wish to familiarise themselves with the topic may refer to the reference materials below.
- Nexus project page
- Latest (2024) Nexus report
- Enabling & scaling instant cross-border payments
- Connecting to global scalability in payments: How we can benefit and contribute to the nexus
- Nexus: enabling instant cross-border payments