FinTech & Emerging Payment Systems

Registration and Continental Breakfast

Conference Co-Chairs’ Opening Remarks

Elizabeth Corbett
VP, Deputy General Counsel
Affirm

Barrie VanBrackle
Partner
Latham & Watkins LLP

Senior Executive Panel: Key Factors to Overcoming the Challenges Facing the Industry

Brad Fauss
Senior Vice President and General Counsel
Greenlight Financial Technology

Adam Frankel
General Counsel - admitted to practice in NY only; California application pending.
Chime Financial Inc.

Nicole Ibbotson
SVP, General Counsel & Chief Privacy Officer
InComm Financial Services Inc.

Amy Pugh
General Counsel
Green Dot Corporation

• What is the outlook for 2024?
• Discuss the implications of higher cost of capital and lower valuations for the fintech industry
• What is the future for open banking?
• Key strategies to build out financial intelligence reporting to strengthen controls
• How to prepare for increased regulation

CFPB Increased Regulatory Oversight: New Developments and Proposals That Require Constant Monitoring

Kelley Barnaby
Partner
Alston & Bird LLP

Joshua Orenstein
Lead Consumer Financial Regulatory Counsel
Stripe

Jeremy Presser
Lead Product Counsel and Compliance
Plaid

• Preparing for the expansion of regulatory oversight
• Increased supervision of the industry
• Discuss the proposed Sections 1033 and 1071 of the Dodd-Frank Act
• What is the impact of the proposed personal financial data rights?
• Proposal for big tech payment apps to be supervised by CFPB
• Potential impact of the Supreme Court decision
• Targeting unfair discrimination in Consumer Finance

Networking Break
Sponsored by

Bank and Money Transmitter Failures: Lessons Learned from Recent Bank (SVB and Signature Bank) and Crypto Company (FTX, Voyager) Failures and What to Expect Going Forward

Chris Daniel
Partner
Paul Hastings, LLP

David Brill
Managing Director
FTI Consulting Inc.

• How the fintech industry will be affected by recent bank failures
• Current state of the crypto industry amid regulatory uncertainty
• Key compliance improvements to strengthen your compliance program
• Warning signs to watch for your organization

Enforcement Trends: Lessons Learned from Recent Penalties to Meet Increased Regulator Expectations

Richard Malish
General Counsel
Community Federal Savings Bank

Ali Rathod-Papier
Global Head of Compliance
Brex

Barrie VanBrackle
Partner
Latham & Watkins LLP

• Takeaways from the recent bank and fintech enforcement actions
• Lessons learned from the consent order with Blue Ridge Bank
• Key compliance areas that the regulators are focusing on
• Increased focus on third party oversight
• Agency priorities for 2024 and how the regulators are working together on enforcement actions

Lunch

Discussion

Discussion: Evolving Priorities and Approaches from Federal Regulators

Ashwin Vasan
Senior Advisor, FS Vector
Consumer Financial Protection Bureau
Former Associate Director for Research, Monitoring and Regulations and Senior Advisor

Elizabeth Corbett
VP, Deputy General Counsel
Affirm

Third Party Risk Management (TPRM): Understanding Your Accountability for Your Partners and Providers

Arlen Gelbard
General Counsel
Cross River Bank

Alex Peurach
Partner
Alston & Bird LLP

Rusty Pickering
President and Chief Operating Officer
Ingo Payments

Parris Sanz
EVP & General Counsel
WebBank

• Hear Important takeaways from the final guidance
• Discuss the need to maintain inventory of all third-party relationships
• Learn best practices for Financial institutions
• Strategies for maintaining robust oversight of your partners and providers to ensure compliance and quality in service delivery
• Interagency guidance on third party relationships
• Recent consent actions against BaaS providers

Networking Break
Sponsored by

Structuring an Appropriate Baas Agreement: What is the Projected Growth for This Popular Service?

Erica Kahlili
Chief Legal Officer and Risk Officer
Lead Bank

Andrew Lorentz
Partner
Davis Wright Tremaine LLP

Kayce Seifert
Lead Payment Counsel
Square @ Block, Inc

• How to create an effective agreement
• What are the best practices for an enforceable agreement?
• Advantages for the banks: new revenue streams, customer acquisition and retention
• Benefits for the Fintech Industry-partnership with licensed bank

Earned Wage Access Cards: How States are Determining if Earned Wage Access is a Loan

Scott Pope
SVP, Payments CRO Risk and Compliance Senior Manager - Consumer and Small Business Payments
U.S. Bank

Priya Sanger
Senior Director & Associate General Counsel
Marqeta

David Durant
General Counsel and Secretary
Earnin

Ryan Naples
Director of Public Policy
DailyPay Inc.

• Overview of the growth for EWA cards and plans for the future
• Focus of the Potential Earned Wage Access Consumer Protection Act
• Need for operational requirements for on-demand pay providers, including “disclosure requirements, dispute resolution policies, and limitations related to fees and other payments
• Key players in this growing sector
• What banks should be concerned with when partnering with an EWA provider

Networking Reception

Conference Adjourns to Day 2

Opening Remarks

State Regulation Update: Unravelling the Complex Maze of Different State Regulation

Donald J. Mosher
Partner
Schulte Roth & Zabel LLP

Stephanie White
Chief Deputy Commissioner
NC Office of the Commissioner of Banks

The money transmitter landscape is complex.

The panelists will discuss current and proposed state regulations and key focus areas.

Topics to be discussed include:

• Licensing laws and trends including the Model Act
• Safety and soundness of Money transmitter Licenses

Responsible Innovation: How Banking Agencies Supervise Novel, Technology-Driven Activities

Sarah Breslow
Senior Counsel
Paxos

Josh Boehm
Partner
Paul Hastings LLP

• Why banks are getting involved with novel, technology-driven activities, including crypto-assets and distributed ledger technology
• Obtaining regulatory approval to conduct novel activities.  
• Current regulatory approaches to supervising novel activities, including NYDFS and Federal Reserve programs.

Networking Break
Sponsored by

Buy Now Pay Later (BNPL) & The Evolving Regulatory Landscape

Elizabeth Corbett
VP, Deputy General Counsel
Affirm

Nick Krafft
Senior Advisor, Research and Innovation
New York State Department of Financial Services

Danielle Aviles Krueger
Head of Government Affairs
Klarna

• Status of proposed BNPL bill- Examining Consumer Choice in Digital Payments Act
• What is consumers response to this produce
• Lessons learned from the 2023 holiday season
• Predictions for this product line going forward
• New players, product offerings and international developments

AML and Sanctions: Key Strategies to Strengthen Your Compliance Program with Emerging Geopolitical Issues

David Lee
Global Director of Sanctions and Screening
Payoneer

Melissa G. Goldstein
Partner
Schulte Roth & Zabel LLP

• Critical factors to be including in your sanctions screening process and the need to use IP blocking and geofencing
• KYC for your customers and your customers
• Complying with the new FinCen beneficial ownership rules
• Navigating the increased focus on counter terrorist financing and increased exposure to circumvention and diversion of Russia Sanctions
• Increased trade sanctions that require more vigilant for facilitating trade payments

Lunch

Artificial Intelligence: The Coming Revolution for FinTech’s and Banks

Brian Crist
Vice President (Legal) Payments, Risk and Growth
eBay

Fielding Martin
Associate General Counsel, Privacy
InComm Financial Services, Inc.

Kareem Saleh
CEO
Fairplay AI

• How can AI improve and accelerate financial services growth?
• What data should be used and how to ensure the accuracy of the date?
• Future applications including targeted marketing, income verification, underwriting, fraud detection, cross border payments and e-commence apps
• Who will review AI output?

Stablecoins: Will 2024 Be a Banner Year for This Product?

Michelle Ann Gitlitz
Partner
Arktouros PLLC

Sinclair Toffa
Founder & CEO
Mural

• Impact of potential Federal Stable Coin Act
• AICPA frameworks and practice guides
• Predictions for the future of stable coins
• Who are the key players in the market

Conference Adjourns