FinovateFall 2024 - The Fintech Compliance Preview

This week I'll be attending Finovate 's FinovateFall 2024 conference, happening right in my backyard here in NYC. I'm also looking forward to hosting our after-hours Fintech Compliance Circle event on Tuesday night, which should provide an opportunity for a handful of folks in the space to connect in a less hectic setting. In today's edition I'll provide our compliance-centric preview of the event and also use this as an opportunity to ask anyone else who's attending to say hello in the comments.

What distinguishes Finovate conferences from the rest is that they're not really conferences per se and they're not really trade shows either. The crown jewel of their programming is the demos, where the fintechs in question have an opportunity to actually show in practice how their products work. And more than that, they get dedicated time in the agenda to show them off (rather than just hoping folks will stop by their booth).

To that end, while the direct regulatory/compliance focus in terms of panels and keynotes is somewhat lower than what I saw earlier this year at Money20/20 Asia, the The Fintech Risk & Compliance Forum , or Empire Startups - Everything FinTech Fintech Conference, the key for those attending over the next few days is good planning. Many of these companies are in fact providing solutions to regulatory-driven problems or are regtech organizations themselves. So without further ado, here's my highlights of the agenda over the next several days, for anyone who is attending and wants a Compliance focus in their experience:

Demos:

Monday September 9 - Day 1

Themis - 10AM

Synctera - 11:45 AM

Corsound AI - 12:13 PM

Abrigo - 2:27 PM

ID-Pal - 3:09 PM

ComplyCo - 4:56 PM

Sei AI - 5:24 PM

Tuesday September 10 - Day 2

ZayZoon - 9:45 AM

Winnow Solutions, LLC - 10:15 AM

Accelera Payments - 10:29 AM

Eisen - 2:32 PM

PointChain Global - 2:39 PM

Odynn - 4:02 PM

Fizen Technology - 4:30 PM

Keynotes/Panels/Talks:

Tuesday September 10 - Day 2

Special Address: Adapting for Opportunity - How Financial Institutions Can Prepare for an Open Banking Future - Ben Soccorsy and Dan Quan - this session appears to be a heavy focus on 1033. - 2:10 - 2:25 PM

Fireside Chat: Regulation & compliance in the dynamic US regulatory environment. What do financial institutions and fintechs need to know? - Donna Murphy and Jo Ann Barefoot - Get the perspective from an actual regulator in this session, as the OCC elaborates on the revised Interagency Guidance on Third Party Relationships in the wake of heightened focus on BaaS. - 4:55 - 5:10 PM

Power Panel: Third-party risk management - how should fintechs, cryptocurrency businesses and sponsor financial institutions manage risks and regulatory expectations related to third parties? - Jas Randhawa Donna Murphy Yossi L. Zac Streelman Kristin Lee - This is a fun way to close out the day - a group of experts sharing their recommendations and predictions on the future of bank-fintech partnerships. - 5:10-5:35 PM

Breaking Banks Podcast - Why Banking as a Service is facing regulatory headwinds. As the stream of consent orders against banks that offer BaaS continues what should banks do? Jason Henrichs Alex Johnson Barb MacLean Jason Mikula Kiah Lau Haslett Allen Denson - It is extremely bittersweet that I'll have to miss this session due to our after-hours event kicking off around the same time, as a number of my favorite people and friends are speaking here. But for those who are planning to head back to their hotel rooms for the day around this time, I urge you to stick around - this is probably the highlight of the keynote/panels. Must-attend. I will definitely be checking out the podcast once it's released. - 5:35-6:10 PM

Wednesday September 11 - Day 3

Keynote address - Open Banking - CFPB's open banking rule 1033 focuses on safeguards for security, data and the ecosystem. What do financial institutions need to do? How will it impact the banking industry? - Tyler Brown - 10:15-10:30 AM

Keynote address - Future Lending - Capturing the opportunity of small business lending: How can financial institutions successfully engage this market; How will the 1071 rule impact small business lending? - Karen G. Mills - 10:15-10:30 AM

Power Panel - Future Lending - Buy Now Pay Later: A great product for customers or a debt trap? How is this exploding market going to change the status quo & what does it mean for the future of credit cards? And what are US regulators planning? - Diksha Gera Akita Somani Jason Mikula David Monteiro - 10:45-11:10 AM

Keynote address - Future Payments - Real-time payment - Will they be a game-changer? What are the challenges around developing products on top of RTP and FedNow rails? When will they gain momentum in the US? - Rina Wulfing - 11:40-11:55 AM

Keynote: Why the CFPB's proposed open banking rule 1033 will require a mindset shift for financial institutions - Laurent Van Huffel - 1:40-1:55 PM

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If you're attending and want to connect, shoot me a message in the app! Look forward to meeting many of you over the next few days.