Day 1 - Monday, April 30, 2018

7:15
Registration and Continental Breakfast
8:15
Co-Chairs’ Welcome
8:20
An Analysis of Today’s Evolving FinTech Landscape: Industry Insights on How the Latest Innovations Are Changing and Disrupting the Financial Services, Alternative Lending and Payments Industries
9:45
Morning Coffee Break
10:00
Ensuring Federal Regulatory Compliance During the FinTech Revolution
11:15
Examining the Evolving State Regulatory and Enforcement Paradigm Governing FinTech and Payments
12:30
Networking Luncheon
1:30
Adhering to the Latest Cybersecurity Regulations Both Here and Abroad: Developing Best Practices for Preventing and Mitigating Breach
2:30
Prepaid Card Compliance Update: Ensuring Compliance with the CFPB Final Prepaid Accounts Rule, and Other Key Federal and State Compliance Initiatives
3:30
Afternoon Refreshment Break
3:45
Consumer Financial Data Aggregation: Identifying Key Concerns and the Potential for Regulatory Intervention
4:30
The Future of Virtual and Crypto Currencies, Tokenization and the ICO Phenomenon
5:30
Conference Adjourns for Cocktail Reception Sponsored by

Day 2 - Tuesday, May 1, 2018

7:30
Continental Breakfast
8:00
The RegTech Movement: Identifying the Players and Assessing Their Impact on Regulatory Compliance in the Financial Industry
8:50
A Survey of the Different Licensing and Chartering Options for FinTechs: Finding the Best Fit for Your Company
10:20
Morning Coffee Break
10:35
An In-Depth Exploration of Successful Blockchain Applications: Finding Solutions and Overcoming Legal and Compliance Hurdles
11:35
The Use of Alternative Data in Online Lending Models and the Credit Process: Assessing Consumer Concerns, Regulatory Challenges, and the Implications of the CFPB’s First No-Action Letter
12:35
Networking Luncheon
1:35
Developing, Implementing, and Maintaining Competitive and Effective AML, Sanctions, and Fraud Deterrence Programs
2:40
Afternoon Refreshment Break
2:50
Global Fintech Regulation: Why the U.S. Must Look Overseas to Avoid Falling Behind
4:00
Conference Adjourns

Post-Conference Workshop

Comprehending the Tech in Fintech Boot Camp: A Complete Guide for Lawyers and Compliance Professionals on the Technologies Underlying Fintech Payment Systems

May 2, 2018 9:00am – 12:00pm

Speakers

Rusty Pickering
General Counsel, Chief Compliance and Corporate Development Officer
Ingo Money, Inc. (Atlanta, GA)

Oscar Jofre Jr.
Co-Founder, President/CEO, Fintech, Altfi, ICO/ITO Blockchain
KoreConX (New York, NY)

David Whitaker
Partner
DLA Piper (New York, NY)

Rohith George
Partner, Technology Transactions Practice
Mayer Brown LLP

Day 1 - Monday, April 30, 2018

7:15
Registration and Continental Breakfast
8:15
Co-Chairs’ Welcome

David L. Beam
Partner
Mayer Brown LLP (Washington, DC)

Chris Daniel
Partner
Paul Hastings LLP (Atlanta, GA)

8:20
An Analysis of Today’s Evolving FinTech Landscape: Industry Insights on How the Latest Innovations Are Changing and Disrupting the Financial Services, Alternative Lending and Payments Industries

Ted Teruo Kitada
Senior Company Counsel
Wells Fargo Bank (San Francisco, CA)

Oscar Jofre Jr.
Co-Founder, President/CEO, Fintech, Altfi, ICO/ITO Blockchain
KoreConX (New York, NY)

Rusty Pickering
General Counsel, Chief Compliance and Corporate Development Officer
Ingo Money, Inc. (Atlanta, GA)

David Whitaker
Partner
DLA Piper (New York, NY)

FinTech innovation is experiencing its highest-ever interest levels, with unprecedented growth, rapid technological advancements and a flood of new entrants into the market. Questions abound as to how all of the stakeholders will work together and which products will be welcomed by consumers and merchants. There is also uncertainty sourrounding the management of privacy and data security risks, and how federal and state regulatory frameworks will be applied to these new technologies. Join this panel of industry leaders as they address these questions and provide insights on the most influential FinTech developments in the last year, as well as top innovations to watch out for in the next year.Topics to be covered include:

  • Assessing which FinTech products and services will have the greatest impact on the financial services, banking, alternative lending and payments marketplaces
  • Identifying revolutionary new ways of doing business which are on the FinTech horizon for 2018 and beyond
  • Addressing the unique regulatory and compliance challenges facing companies that are new to the market

9:45
Morning Coffee Break
10:00
Ensuring Federal Regulatory Compliance During the FinTech Revolution

Dmitry V. Chesnokov
Assistant Director — Supervisory Attorney and Senior Technology Officer
U.S. Securities and Exchange Commission (SEC) (Washington, DC)

Darren Lubetzky
Attorney
Federal Trade Commission (FTC) Northeast Region (Washington, DC)

Jim Wilde
Senior Sanctions Advisor, Banking
Office of Foreign Assets Control (OFAC)

Jeffrey Steiner
Counsel
Gibson, Dunn & Crutcher LLP (Washington, DC)

JiJi Park
Partner, Co-Leader of FinTech, Payments & Blockchain Focus Team
Pillsbury Winthrop Shaw Pittman LLP

  • Assessing how federal regulators are viewing the rapidly evolving FinTech and payments landscapes
  • Examining the OCC FinTech Charter and recent applications for Industrial Loan Charters with the FDIC
  • Identifying what products, services and innovations are of the most concern to the federal regulatory and enforcement agencies and why
  • Analyzing the latest areas of regulatory scrutiny surrounding money transmission, virtual/cryptocurrencies, mobile wallets and payments, etc.
  • To what extent are federal regulators concerned about stifling innovation, and what steps are they taking to lessen the potential for regulation to negatively impact innovation?
  • Understanding best practices for complying with new and emerging mandates from the key federal agencies overseeing FinTech and payment systems
  • What regulatory agencies have launched initiatives designed to facilitate positive interactions between regulators and FinTech startups and innovators?
    • What do these initiatives look like, and how are they advancing thus far?

11:15
Examining the Evolving State Regulatory and Enforcement Paradigm Governing FinTech and Payments

Tom James
Senior Assistant Attorney General Consumer Counsel – Consumer Fraud Bureau
Office of the Illinois Attorney General (Chicago, IL)

Keith Barnett
Partner
Troutman Sanders LLP (Atlanta, GA)

Maryam Torben Desfosses
Hearings Examiner
NH Banking Dept

Matthew Lambert
Senior Director & Non-Bank Counsel
Conference of State Bank Supervisors (CSBS)

Moderator:

Todd Beauchamp
Partner
Latham & Watkins LLP (Washington, DC)

FinTech and payment systems startups are burdened with a fractured and struggling regulatory system among the various states. As more and more FinTech startups and other “nonbanks” are entering into the market and aiming to provide financial services to consumers and businesses, they are faced with the reality that it can take several months and thousands of dollars in compliance fees to obtain regulatory approval to operate in just one state. Now, imagine the frustration that companies navigating our 50-state licensing regime are experiencing, as they are facing years and millions of dollars to launch a product nationwide, thus hindering their ability to get to market. During this session, a panel of state regulators will provide key insights on:

  • How states are reacting to new and emerging federal initiatives, including the OCC Fintech Charter to license FinTechs as special purpose banks
  • State-level initiatives aimed at modernizing and harmonizing financial regulation of non-banks and FinTech companies operating nationwide
    • The CSBS’ Vision 2020
  • State views on the Industrial Loan Charter option
  • Developments in state regulation of money transmitters, consumer lenders, bit licenses, payment processing, and beyond
  • Actions being taken to better align multi-state licensing, examination and supervision
  • Assessments and audits of state regulatory practices to better foster innovation without sacrificing safety, soundness or consumer protection

12:30
Networking Luncheon
1:30
Adhering to the Latest Cybersecurity Regulations Both Here and Abroad: Developing Best Practices for Preventing and Mitigating Breach

Boris Segalis
Partner
Cooley LLP

Christopher Novak
Global Director, Threat Research Advisory Center
Verizon

There is no question that exciting things are happening today at the intersection of digital technology and financial services, however the one major challenge that threatens to impede momentum is cybersecurity. Given the dynamic and highly complex nature of the digital financial ecosystem, it is inevitable that some solutions will have cybersecurity vulnerabilities that will be exploited Tune in as this panel discusses:

  • The latest and most significant cybersecurity regulations both here and abroad
    • The new cybersecurity regulations passed by the NY DFS
    • The far reaching privacy and cybersecurity impacts of the EU’s General Data Protection Regulation (GDPR) effective May 2018
    • How will this affect your company’s cybersecurity strategy?
  • Best practices for preventing and mitigating breaches
    • Establishing an effective system of protocols for incident detection, penetration testing and response processes
    • Establishing protections against the risks posed by shared infrastructure, and vetting of third-party service providers and administrators
  • Lessons learned from recent major data security breaches, including the Equifax breach
  • New and emerging risks in the payments and lending spaces
  • Special considerations arising from transactions conducted on mobile devices
  • How to achieve a “safe harbor” in data and cyber security

2:30
Prepaid Card Compliance Update: Ensuring Compliance with the CFPB Final Prepaid Accounts Rule, and Other Key Federal and State Compliance Initiatives

Brian Axell
Vice President, Payments Counsel
The Bancorp (Minneapolis, MN)

Brad Fauss
General Counsel and VP, Compliance & Governmental Affairs
Wirecard North America (Atlanta, GA)

Michael F. Day
Principal Legal Counsel, Regulatory Affairs
Blackhawk Network, Inc. (San Francisco, CA)

  • Assessing how the prepaid card industry is preparing for compliance with the CFPB’s Final Prepaid Account Rule
  • Identifying the real industry challenges and pain points from a compliance and business standpoint?
    • How are companies addressing them?
  • Examining the changes in required disclosures
  • Understanding how the New Rule may change the products being offered on the market
  • Addressing the impact of the CFPB Rule’s reach beyond what is traditionally been thought of as prepaid accounts
  • Understanding what the implications are for providers who (i) currently offer overdraft, (ii) currently offer credit, (iii) are thinking about offering credit
  • Analyzing other recent federal and state regulatory and enforcement initiatives in the prepaid space
  • Exploring the interplay amongst prepaid cards, emerging payment systems, and FinTech
    • New opportunities
    • Overcoming complicated regulatory and compliance challenges

3:30
Afternoon Refreshment Break
3:45
Consumer Financial Data Aggregation: Identifying Key Concerns and the Potential for Regulatory Intervention

Stanton R. Koppel
Of Counsel
Bryan Cave Leighton Paisner LLP

Heidi Wicker
Partner
Schwartz & Ballen LLP (Washington, DC)

  • Examining the various ways that consumer financial data aggregators obtain, maintain, use and disclose consumers’ financial data
    • Screen scraping
    • Application Program Interfaces (“APIs”)
    • Product aggregators
  • Assessing the latest policy debates and regulatory activity surrounding these practices, both here and abroad
  • Understanding the divergent interests between banks, aggregators, Fintechs and regulators
    • What are the banks’ major concerns with aggregators’ business models?
  • Taking a close look at the CFPB’s outlined principles for consumer-authorized financial data sharing and aggregation
    • What do these points indicate about the CFPB’s future enforcement or supervisory initiatives in this space?
  • Analyzing the regulatory approaches to data access in the EU and UK
  • Best practices for operating in an uncertain regulatory environment in the near term
    • Key components of an effective self-regulatory system

4:30
The Future of Virtual and Crypto Currencies, Tokenization and the ICO Phenomenon

Jennifer Racine
Senior Director, Associate General Counsel
PayPal (Omaha, NE)

Veronica K. McGregor
Partner
Goodwin Procter LLP (San Francisco, CA)

Carol Van Cleef
CEO
Luminous Group
Senior Counsel, LeClairRyan

Sam Kramer
Partner
Baker & McKenzie LLP (Chicago, IL)

Donald J. Mosher
Partner
Schulte Roth & Zabel, LLP

  • Assessing the latest developments in digital, virtual and cryptocurrencies
    • Analyzing the regulatory and compliance challenges related to Bitcoin, Ether and their brethren, and evaluating the long-term viability of such currencies
    • In what ways should the banking/financial services industry be preparing for and adapting to emerging payments tech?
  • Examining the legal, fraud and security implications of tokenization
  • ICOs (Initial Coin Offerings) – understanding what they are, how they work, and how they are regulated
    • Examining the regulation that is increasingly popping up for ICOs and what this will mean moving forward

5:30
Conference Adjourns for Cocktail Reception Sponsored by

Day 2 - Tuesday, May 1, 2018

7:30
Continental Breakfast
8:00
The RegTech Movement: Identifying the Players and Assessing Their Impact on Regulatory Compliance in the Financial Industry

Pawneet Abramowski
Financial Crimes Risk Management Advisor
Verdigris (New York, NY)

Juan Llanos
FinTech & RegTech Lead
ConsenSys (New York, NY)

Marilyn Barker
General Counsel Global CCO
Fates Group

In order to meet the need for better and more efficient regulation of business practices in the financial services industry, an emerging crop of regulatory technology startups are implementing tools aimed at helping companies improve compliance, mitigate risk and streamline processes. Recent reports indicate that RegTech startups are saving firms billions in regulatory fines, as they are replacing manual risk and compliance with cutting-edge technology. In this session, gain key insights on:

  • The drivers behind the recent rise of RegTech
  • The most innovative developments in RegTech and the solutions they are creating to meet specific regulatory challenges
  • The regulator response to the RegTech revolution
  • What to expect in the next phase of RegTech

8:50
A Survey of the Different Licensing and Chartering Options for FinTechs: Finding the Best Fit for Your Company

Stephen Cheng
Vice President, Compliance
First Data Corporation (New York, NY)

Youssef Sneifer
President
Microsoft Payments, Inc. (Seattle, WA)

Margaret E. Tahyar
Partner
Davis Polk & Wardwell LLP (New York, NY)

Sean Ruff
Partner
Morrison & Foerster LLP (Washington, DC)

Chris Daniel
Partner
Paul Hastings LLP (Atlanta, GA)

Moderator:

Brian G. Barrett
Partner
Eversheds Sutherland (US) LLP (New York, NY)

  • Closely examining the different licensing/chartering options for FinTech companies:
    • OCC Fintech Charter / license as a Special Purpose Bank
    • Partnering with a retail bank
    • Licensed Money Transmitter
    • State Trust Company Charter
    • Industrial Loan Company Charter
  • Assessing the regulatory implications, compliance challenges and costs, and operational considerations surrounding each of these options
  • What should banks and Fintechs consider before they partner?
    • Assessing the positives and negatives of choosing the bank partnership model?
  • Addressing the recent applications by Sofi and Square for Industrial Loan Company Charters
    • If approved, what will the implications be?
  • Examining the latest developments and trends in fintech chartering/licensing decisions and what they means for the industry going forward

10:20
Morning Coffee Break
10:35
An In-Depth Exploration of Successful Blockchain Applications: Finding Solutions and Overcoming Legal and Compliance Hurdles

Emily Goodman Binick
VP & Senior Counsel
American Express Company (New York, NY)

Charles Hoskinson
Chief Executive Officer
Input Output HK

Judith Rinearson
Partner
K&L Gates (New York, NY)

Seetha Ramachandran
Partner
Schulte Roth & Zabel, LLP

As we all know, “blockchain” has been the recent buzzword within the financial services industry, and the regulatory challenges are myriad depending on the particular use and application of the technology. While many are familiar with the basic tenets of the distributed ledger, most are not privy to the practical examples of legal hurdles that must be tackled to effectively succeed in getting an application to market. This group of panelists will offer the unique opportunity to take a deeper dive and discuss the steps that were undertaken for their companies’ blockchain applications to successfully materialize.

11:35
The Use of Alternative Data in Online Lending Models and the Credit Process: Assessing Consumer Concerns, Regulatory Challenges, and the Implications of the CFPB’s First No-Action Letter

Jonathan J. Wegner
Partner
Baird Holm LLP (Omaha, NE)

D. Bradford Hardin, Jr.
Counsel
WilmerHale (Washington, DC)

Ronald Vaske
Partner
Ballard Spahr LLP (Minneapolis, MC)

David L. Beam
Partner
Mayer Brown LLP (Washington, DC)

  • Examining the latest FinTech uses of alternative data in making lending, credit, and pricing decisions
  • Assessing the consumer concerns and regulatory challenges surrounding this practice
  • What are the implications of this practice with the ECOA, FCRA and state lending laws?
  • Evaluating the CFPB’s first ever no-action letter to Upstart Network, Inc. as part of their Project Catalyst
    • What are the terms of the letter, and what does it herald for the future realm of emerging financial technologies?
    • Is this a predictor or more NALs or regulatory relief for FinTech innovation in the near future?
  • Assessing other initiatives of the CFPB’s Project Catalyst, as well as state-level initiatives surrounding alternative data usage in the credit process

12:35
Networking Luncheon
1:35
Developing, Implementing, and Maintaining Competitive and Effective AML, Sanctions, and Fraud Deterrence Programs

Jeff Ross
SVP, BSA/AML Compliance Officer
Green Dot Corporation/Green Dot Bank (Los Angeles, CA)

Jonathan Engel
Partner
Davis Wright Tremaine LLP
(Recent Former Enforcement Attorney with the CFPB)

Kevin Lambrix
Chief Corporate Credit and Risk Officer, EVO Payments International
Presidential Advisor, Merchant Acquirers’ Committee

Due to ongoing supervisory and enforcement actions, and increased monetary penalties, FinTechs and payment systems are facing increased pressured to address AML risks head on. They must understand the unique risks they face, establish programs commensurate with these inherent risks, and adapt their businesses to meet these internal adjustments. This panel will provide insights on:

  • Assessing current opportunities for FinTech companies to develop robust AML and fraud prevention programs
  • Understanding how to work with law enforcement to mitigate the risks of money laundering and fraud activities
  • Identifying and assessing the money laundering and fraud risks that may arise in conjunction with the development of new payment products, delivery mechanisms, and technologies
  • Taking a look at the most recent enforcement actions, and addressing how AML regulations are impacting new payment products and systems
  • Evaluating your current AML program and identifying gaps or weaknesses
  • Implementing automated AML and fraud tools
  • Incorporating data analytics into your AML compliance initiatives

2:40
Afternoon Refreshment Break
2:50
Global Fintech Regulation: Why the U.S. Must Look Overseas to Avoid Falling Behind

Michele Scruton
General Counsel
Citishare Corporation

Maria Tomlinson
General Counsel & Chief Compliance Officer
Skrill USA, Inc. (New York, NY)

Kevin Petrasic
Partner
White & Case, LLP (Washington, DC)

The U.S. has long been considered the original birthplace of FinTech innovation. However, as technological advancements in the financial services industry continue to evolve, the U.S. runs the risk of falling behind other nations as our regulatory environment remains fractured and inconsistent. While U.S. regulation struggles to keep up, governments in the U.K., Singapore and Australia are being applauded for their regulatory efforts to foster innovation while still providing consumer safety nets. This panel will examine overseas examples of how FinTech regulation can effectively benefit all stakeholders, key aspects of the successes other nations have seen, and considerations for improving FinTech regulation within the U.S.

4:00
Conference Adjourns

Comprehending the Tech in Fintech Boot Camp: A Complete Guide for Lawyers and Compliance Professionals on the Technologies Underlying Fintech Payment Systems

May 2, 2018 9:00am – 12:00pm

Rusty Pickering
General Counsel, Chief Compliance and Corporate Development Officer
Ingo Money, Inc. (Atlanta, GA)

Oscar Jofre Jr.
Co-Founder, President/CEO, Fintech, Altfi, ICO/ITO Blockchain
KoreConX (New York, NY)

David Whitaker
Partner
DLA Piper (New York, NY)

Rohith George
Partner, Technology Transactions Practice
Mayer Brown LLP

What is it about?

In order to provide accurate and effective advice to your company or clients, it is essential that you have an in-depth understanding of the technologies underlying new and emerging payment systems and FinTech. Participate in this interactive boot camp and gain an essential working knowledge of the technologies that are used in a wide range of innovative Fintechs and payment systems. You will learn how the underlying technology impacts legal and compliance considerations.   Topics to be covered include:
  • Analyzing the technology associated with fintechs such as:
    • Mobile apps, mobile payments and mobile wallets
    • Tokenization
    • Near field communications (NFCs)
    • Banking Application Program Interfaces (APIs)
    • Push payments
    • Same day ACH
    • Fund transfers
  • Assessing which regulatory bodies govern these technologies, and examining the regulatory considerations related to:
    • AML compliance
    • Fraud prevention
    • Cybersecurity and data privacy
    • UDAAP disclosures / other disclosures
  • Examining the regulatory gaps and clarifying areas of uncertainty in relation to new technologies