Why central banks are rethinking financial infrastructure

(April 2026) Financial systems have long depended on stability and trust. Now, they are also expected to operate in real time, connect across borders, and adapt to new forms of money and market activity.

These demands are exposing the limits of legacy infrastructure. Systems designed to run in isolation are struggling to meet expectations for continuous availability and interoperability. For central banks, long upgrade cycles and fragmented architectures make change both costly and risky.

Maxim Neshcheret, Asia Regional Director at the Stockholm-based fintech company CMA Small Systems, argues that the answer lies in moving from siloed systems to flexible, platform-based infrastructure.

In a Transform Talks interview with Huawei’s Executive Editor-in-Chief Gavin Allen, Neshcheret explains how partnerships between software providers and infrastructure companies are reshaping national financial systems.