The Congressional AI Caucus put together a virtual briefing for congressional staff on AI. The purpose of the briefing is to educate congressional staff about AI – what is happening in the marketplace and what Congress can do to help promote the development of safe AI technology. Jo Ann will moderate a session with
New fraud and cybercrime threats. Ongoing BSA/AML analysis. The aftershock of COVID-19. Being nimble has never been more important. That’s why the ABA is gathering virtually this January. Respond to industry changes with banker-focused solutions from experts at the center of it all. You’ll hear late-breaking information from top banking and legal minds to get your BSA/AML/CFT program off to a strong start for 2022. Hear the analysis and solutions you need—when you need it. Join the virtual event that spans the full spectrum of financial crimes, and every challenge banks like yours face. Jo Ann is excited to be a part of the conference again this year.
Open Source Strategy Forum (OSSF) is the only conference dedicated to driving collaboration and innovation in financial services through open source software and standards. We bring together experts across financial services, technology, and open source to engage our community in stimulating and thought-provoking conversations about how to best (and safely) leverage open source software to solve industry challenges. Jo Ann and Sultan Meghji of the FDIC joined together for a fireside chat.
Organized by the Monetary Authority of Singapore, the Singapore FinTech Festival (SFF) is on its 6th edition. Last year’s annual event brought together 60,000 participants from 160 countries – both virtually and in-person – for the development of financial services, public policy and technology. The theme for SFF2021 was the impact of Web 3.0 on financial services. Jo Ann participated in a fireside chat with Governor Perry, of the Bank of Indonesia.
RegTech Summit Virtual brought together the regtech ecosystem to explore how the industry is evolving, the extent to which the pandemic has acted as a catalyst for adoption and the impact of digital transformation on regulatory compliance in financial markets. Both Jo Ann and David spoke this year,
The crypto revolution broke regulatory models around the world. Until recently, regulators have been in catch-up mode, trying to fit completely new concepts into legacy frameworks. Decentralized, transparent, and trustless systems don't fit in any regulatory mold so we need to develop a new paradigm. What does a regulatory system look like in a decentralized world? How will CDBCs fit into the ecosystem? This panel of industry experts will discuss regulatory innovation around the world and explore where we are going to go over the next decade.
SCxSC which stands for “Synergistic Collaborations by the SC”, is an interactive platform for discussions and exploration of new and evolving digital trends. It is hosted by the Securities Commission of Malaysia. Jo Ann participated in their program this year.
10/26/2021More details to come
This was the 5th webinar in the FDIC's "Banking on Data: Great Possibilities, Great Responsibilities" series. The theme of the webinar was 'Improving Financial Regulation (RegTech/SupTech).' State, national, and international perspectives on technologies that support regulatory agency functions, regulatory frameworks and processes, and innovations in the financial regulatory domain. How can new technology enable innovation that leads to better outcomes for consumers, banks, and regulators?
The FDIC’s Division of Finance and Corporate University proudly hosted the 15th Annual FDIC Accounting and Auditing Conference. This year’s theme was PPE in Today's Accounting and Auditing World: Proficiency, Paradigms, Evolution. The purpose of the conference was to provide attendees the opportunity to enhance their knowledge of trends, challenges, and practices in the areas of blockchain technology; fighting fraud and conducting audits during the federal pandemic response; independent audits and evaluations at the FDIC; innovation in Fintech; and more! Join Jo Ann gave a keynote address, 'BlockChain and Finance: Opportunities and Risk.'
The GFIN is an international network of financial regulators and related organizations committed to supporting financial innovation in the best interests of consumers. It currently has over 70 regulators across the world as members. GFIN is not a policy making or standard setting body but prefers to act as a forum for co-operation between financial services regulators on innovation related topics, sharing different experiences and approaches. Jo Ann spoke on a panel at the GFIN annual meeting to discuss areas for potential collaboration and challenges that might occur for the sector if certain opportunities are not realized.
This was the first Mojaloop Business Conference, Winning with Mojaloop: Running a Sustainable Business on Open Source. During the event, attendees learned how open source payments hubs are creating a more resilient, sustainable and profitable path forward for businesses. Experts shared how modular and extensible open source software and best practice scheme-thinking can support your business strategy and lead to digital payments growth and expand access to the unbanked and underserved. Jo Ann joined the session 'Why Open Source for Payments Infrastructure?'
Credit innovation: the tips, tricks and cheat codes to get you there faster. Widely discussed yet rarely achieved, what does it take to really deliver meaningful innovation in credit for consumers today? From setting up innovation divisions to the embedding of brand new lending and analysis techniques across big business, what can we learn from their diverse experiences - particularly in relation to credit decisioning and the credit application process? Why and when should you innovate? Does the term still stand true in today’s market and if so important, what innovation are we likely to see next within the US credit system?
Chaos and uncertainty spell opportunity for criminals, and organized crime rings continue to exploit the vulnerabilities exposed by the pandemic. As the global ecosystem gradually moves toward a new normal, financial services firms must rapidly adjust to emerging fraud and financial crime attack vectors. At the same time the pandemic has accelerated adoption of digital channels and services, driving new opportunities for both financial services firms as well as the fraudsters. David joined a panel 'Machine Learning - Turbo Charge your AML monitoring.'
The Ecosystem plays an important role in shaping the RegTech agenda and it is often seen as the key enabler to unlocking true value across the financial service landscape. But what does the end game look like? Do our ecosystems need to be more interconnected? What are the major market shifts happening across the world, and is there an ecosystem imbalance that needs to be addressed? The audience heard from the major ecosystem builders across Asia, EU, and Americas on what’s really happening. Jo Ann joined as a panelist during this session.
Fintech offers exciting new opportunities and poses potentially serious challenges. As we increasingly embrace innovative new technologies in our banking system, how can we make certain we include everyone—particularly consumers and small business owners who are currently disconnected from the financial system? Thought leaders in banking, fintech, and economic inclusion, including FDIC Chairman Jelena McWilliams came together for this important event. The FDIC’s Chief Innovation Officer Sultan Meghji also shared his vision on how technology can drive economic inclusion and the role of the FDIC’s tech lab, FDiTech. Jo Ann participated in a panel session.
Banks are operating in a unique environment, and compliance professionals may need to recalibrate their approach. ABA’s Regulatory Compliance Conference provided in-depth regulatory analysis, benchmarking data from across the industry, and practical implementation strategies for current compliance challenges. Respond to today’s shifting compliance landscape and plan for what’s next. This event was a source for the national conversation on compliance—delivering late-breaking updates and insights from dependable experts. Jo Ann gave a keynote speech on 'The Future of Regulation: The Revolution is Here.'
The Economic Times BFSI Tech Leaders Summit helps to understand how business leaders use technology in every form to help organizations tackle the industry challenges and embrace digital transformation to cater to demanding needs of their customers. The summit discussed the unique technology capabilities being adopted to innovate faster and enhance flexibility along with agility and scalability. Jo Ann gave a keynote address on 'The Master Plan: The Outlook and New Age Strategies for a Robust Regulatory Technology.'
Fintech South 2021 was a virtual summit with its nexus in Atlanta, a global financial technology hub that is home to more than 170 fintech companies. The Fintech South team joined together on June 22-24 to host 2,000+ fintech leaders from around the world for 3 amazing days of content and experiences designed to help drive business success and thrive in the next normal. Jo Ann opened a Deep Dive session, moderated a fireside chat with Sultan Meghji of the FDIC, and also gave closing remarks alongside David.
The RegPac RegTech Summit is designed to help build your business and understand how the implementation of AI is critical in today’s world. Join the Summit and learn about hot topics on using Artificial Intelligence to grow your business, save costs, reduce risk, and many more! Jo Ann participated in the pane session 'The industrial journey to AI adoption under proper governance.'
The Expert-In-The-Loop Forum by Compliance.ai is the industry’s only event specific to Regulatory Change Management for the BFSI industry. The event that brings together risk and compliance management executives and leaders from regulatory agencies that focus on regulatory concerns of BFSIs. The EITL Forum provided an opportunity to make new connections, share best practices, and discuss regulatory directions and trends. Jo Ann was interviewed by Kayvan Alikhani, CEO of Compliance.ai.
As compliance leaders continue to play a more visible and integrated role within their financial organizations, the ability to tap into expertise and experiences from peers and other industry experts is critical. BAI Compliance Executive Roundtables is a program built for and by Chief Compliance Officers and other senior compliance executives in financial services. In a true peer environment, you’ll have the opportunity to get together with other compliance leaders to exchange ideas, network and access practical and actionable insights around critical compliance and risk issues impacting financial services. David spoke about what we are seeing in RegTech and what the future holds.
The Advisory Committee on Economic Inclusion (ComE-IN) was established to provide the FDIC with advice and recommendations on important initiatives focused on expanding access to banking services by underserved populations. David joined the session 'Expanding Inclusion through Technology and Innovation.'
Finovate Spring Digital 2021 was a chance to see how the startup ecosystem is responding to the consequences of the pandemic, learn about new innovations that are supporting customers today, and find the technologies and connections to keep you relevant tomorrow. David Ehrich participated in an interactive expert led discussion roundtable: Financial Wellness: Providing Your Customers With Holistic Long Term Financial Planning.
LendIt Fintech 2021 was three days of live content and networking through their event platform. Jo Ann returned to LendIt this year on the track: Regulation & Regtech - Moving Faster, with the topic of "Reading the Tea Leaves of President Biden's Initial Financial Appointees as well as a fireside chat with Colin Walsh of Varo. David moderated the panel: New Idea for Compliance in the 2020s: An App Store for Regtech.
The European Blockchain Observatory and Forum hosted a workshop focused on Energy Efficiency of Blockchain Technology. Experts presented the next thematic report “Exploring Energy Efficiency of Blockchain Technology” to set the scene for the discussion which explored the following topics: Energy consumption of blockchain: Myths vs. reality, Decarbonizing the blockchain, Can blockchain solutions scale? Tales from the industry. Jo Ann participated on a panel discussing decarbonizing the blockchain.
ACAMS 25th Annual International AML & Anti-Financial Crime Conference — Hollywood dove into the latest regulatory trends, technological advances, new crime typologies and case studies, enforcement actions and more. Jo Ann's session, "Innovating Risk Management: Strategies for FinTech and Other Financial Innovators," explored mapping risk management issues for FinTech enterprises including rapid payments processing and remote onboarding to develop and implement a culture of compliance, formalizing risk assessment protocols for innovative products and services to identify fraud risks and ensure oversight adequacy that meets regulatory expectations, and conducting independent testing of AML regime to keep oversight robust, document proficiency in detecting and resolving red flags and make systemic corrections as necessary.
ALLRISE DC's new programming for Winter 2021: Women of Influence (WOI) features candid conversations with women who are making a difference in financial services. Jo Ann Barefoot joined a session where, among other topics, she will share her insights about the women’s empowerment TechSprint which AIR concluded just that day with the UK Financial Conduct Authority. The TechSprint focused on helping women disproportionately affected by the pandemic achieve financial resiliency.
This stream got to the heart of innovation in regulation and the drivers that are compelling regulators everywhere to consider the critical role that technology will play across all types of regulation. Jo Ann will spoke at the 4th annual RegTech Association eco-system event #ACCELERATERegTech2021. She opened up the second day of sessions, Regulation Innovation as well as joined a panel session on "Moving the regulation dial: global and industry perspectives."
Technology has fearsome power to make life better, or worse. Designing it is too important to be left to people whose perspectives draw on only a narrow spectrum of human experience. To make tech work well for all, it needs to be made by all kinds of people. This session tackled the challenge of diversifying the tech world, with a special focus on fintech. Finance is male- and white-dominated. So is technology. As the two have converged into fintech, a young industry that could have been born diverse has, instead, inherited the race and gender patterns of its forebears. What are the high-impact strategies for infusing new blood -- new kinds of founders, funders, visionaries, and builders? It is time to bring new kinds of brains and hands into crafting the future. #diversifyingtech
The Nat’l Policy Network of WOC in Blockchain hosted a conference focused on "Small Business (micro-enterprises) as the Engine of the Cryptoeconomy." Jo Ann moderated the panel "Innovation in Blockchain" which focused on innovating in fintech and decentralized finance. Traditional small businesses have had to adopt practices to become more innovative and nibble, leading to the proliferation of micro-enterprises (innovative soloprenuers, startups, etc) in the 21st century digital economy.
Chatham House hosted a conference where financial crime experts from business and policy convened to explore the impacts of illicit finance and address gaps in regulation and enforcement. Jo Ann participated in a fireside chat on The Role of FinTech.
"How US Regulators are Adapting to New Technologies & New Frontiers," welcomed representatives from several of the largest regulatory bodies in the United States to discuss how they’re adapting to a changing financial and technological landscape, the new challenges that it presents, and how they’re working with external partners to meet them. Jo Ann moderated the panel for the Department for International Trade Regtech Roadshow Program.
Jo Ann moderated a session that explored the use of innovative technologies to overcome silos and analyze data across distinct risk-related activities and enterprise departments (e.g., customer identification, ongoing customer due diligence, AML transaction monitoring and suspicious transaction reporting, and anti-fraud) in order to strengthen all of an entity’s risk management activities. The session also examined numerous potential barriers to data and risk analytics sharing, including data privacy and data localization requirements; bank secrecy regulations; tipping off provisions; and other legal protections.
Staying compliant in a crisis: How to cope with changing regulations during a pandemic. David participated in a panel discussion that explored how the crisis has affected the compliance function and looked at key challenges and solutions for those tasked with keeping the regulators happy.
Hosted by Cornell: an Initiative of the Cornell SC Johnson College of Business, this panel of fintech experts shared an overview of the initiative’s network of academic and industry collaborators. The forward-focused conversation featured a variety of fintech perspectives, including David Ehrich, ‘85, who brought an entrepreneurial and policy perspective, backed by his decades of experience.
Jo Ann and David spoke in a session during Mojaloop's January Community meeting. This event focused on the theme, One Loop for All: Mojaloop in Motion, and focused on topics aimed at gaining a better understanding and driving adoption of Mojaloop in the larger ecosystem.
The social imperative in finance is clear: Consumers want to do business with brands committed to fairness and inclusion. Talent and capital want to affiliate with companies that set high standards for diversity and belonging. What's being done to meet these social and business goals and reverse generations of bias and discrimination in financial services? What kinds of business model innovations are needed to create opportunities for more Americans? What changes will a new administration bring? Can AI and other technologies safely widen access to credit for borrowers locked out of the mainstream lending system?
Jo Ann participated in a panel discussion on "Building the Business Case for Future Technology – Now!" The panelists walked through the timeline (from exploration to onboarding) that banks should be considering based on their current business model. They also shared the latest information surrounding cutting edge technology – what’s available now, near-term and what is still a few years away and the challenges of implementing new technology.
Co-hosted by Abu Dhabi Global Market (ADGM) and the Central Bank of the UAE (CBUAE) and powered by Unbound, FinTech Abu Dhabi 2020 offered new ways to participate through a mix of digital content and live gatherings. Content and events included 'The Search' connecting FinTech hubs with the MENA region, the FinTech100 programme, the Innovation Challenge and a virtual content series all culminating at the live event from the 24-26 November.
Jo Ann was part of a keynote panel on "Regulating Banking in the Next Normal: Lessons learned from the pandemic and how to move forward." In 2020, banking was disrupted at a speed and depth unthinkable at the beginning of the year. In short order, banking forces were working remotely and managing sensitive workflows in newly transformed processes. As the industry has adapted to the changes in the environment, many banking leaders are finding that the newly created structures and approaches provide opportunities for creating innovative, hybrid models of operation.
Regtech Summit Virtual explored how business and operating models are adapting post COVID and how RegTech can provide agile and enhanced compliance for managing an evolving risk and compliance landscape. As the dust settled, we looked at the outlook for the global RegTech industry, where Regulators are focusing as they get back to business, and deep dove into global regulatory priorities for the rest of the year and into 2021.
Open Source Strategy Forum (OSSF) is the only conference dedicated to driving collaboration and innovation in financial services through open source software and standards. Experts across financial services, technology, and open source are brought together to engage our community in stimulating and thought-provoking conversations about how to best (and safely) leverage open source software to solve industry challenges. Both Jo Ann and David were a part of sessions this year.
AIR's Regtech Manifesto paper was been selected to be presented at DC Fintech Week. Fintech Week is a unique event that brings entrepreneurs and thought leaders across the financial ecosystem together with the regulatory community. Our gathering offers firms, nonprofits, foundations and philanthropists a unique opportunity to introduce their work to an engaged, influential audience—while helping to support serious, sustainable and action-oriented policy dialogues.
Making Finance Work for Women Summits are a cornerstone of the work of Women's World Banking. The Summit provides a unique platform to discuss key issues in financial inclusion and advance innovations for low-income women. Jo Ann Barefoot was part of the Ask the Experts panel on RegTech.
Jo Ann participated in a session following the keynote speaker on the COVID-19 Impact on Consumers and Financial Markets. The coronavirus pandemic has forever changed the way people live and work, but it has also delivered a significant shock to the economy. The speakers and panel identified who has been most impacted and discussed the unintended consequences.
Empower Innovation 2020 is a three-part series of interactive virtual events designed to facilitate a dialogue among innovators, regulators, market participants, and the public around cutting-edge fintech innovation. This first session featured a fireside chat with CFTC Chairman Heath P. Tarbert and Jo Ann Barefoot.
RAFT (Regulatory and Fintech Training) was a comprehensive educational and training bootcamp focused on providing an overview of key issues impacting the fintech industry and an update on recent events and trends. Experts and innovators discussed how to navigate through the beginning stages of a fintech business, product development, investing, bank partnerships, regulatory/compliance requirements and the ever-changing landscape of public policy. Both Jo Ann Barefoot and David Ehrich participated in sessions.
David Ehrich joined panel on "Enhancing Customer Experience by Automating KYC and Onboarding". How can digitization achieve cost efficiency and effectiveness in KYC compliance? What technology solutions are being leveraged to transform KYC and onboarding? What are the challenges banks are facing with enabling digital onboarding? How are changes in regulation and technology standards having an impact on this process? How can we ensure security and strong customer authentication with increased focus on offering a fast and seamless onboarding experience? What will be the future of digital KYC?
Fraud mitigation and anti-money laundering teams are under increasing pressure from business counterparts to reduce friction in the customer experience while minimizing risk. The good news is that solutions are more robust and diverse than ever before. Attend this dynamic and interactive conference where executives from leading banks take center stage to discuss the latest fraud, AML, and authentication trends.
We've all heard it; "Business will never be the same after Covid-19". But will it be worse or can it be better? Join Provoke Management in a panel discussion with our global talent on how businesses will adapt to the emerging “new normal”. Will it be different? Absolutely. Will it be worse? It has the potential to be better, but it will require different thinking. Our very own Brett King lead the line-up of global experts in finance and business to discuss the future of business.
Global Fintech Fest is designed to bring together global leaders in the financial world, to discuss the road ahead and collaborate on ways to do business in the post-pandemic world. Join Jo Ann Barefoot's session; FinTech, RegTech and SupTech: What They Mean for Financial Supervision.
Is It Time for Digital Dollars? Is it time for a fundamental change in US currency? The Digital Dollar Project proposes a new, additional format for US currency, a digital dollar that has the same legal status as the dollars in one’s purse, only on a personal device. In a pandemic where viruses are transmitted by paper money and metal cash transactions, paying for food and essentials with digital dollars is more than convenient, it could be a lifesaver.
The Evolving Landscape of KYC in Asian Emerging Markets:
Jo Ann discussed the landscape of efforts to facilitate KYC globally and in Asia-Pacific emerging markets through the application of RegTech as they have developed in recent years to provide the context for developing recommendations on the way forward.
The Shared Assessments Third Party Risk Summit, now in its 13th year, is a premier global, multi-industry event on the technologies transforming the financial industry’s third party risk management. Due to COVID-19, the Shared Assessents Summit was held virtually.
This major FinTech event is returning for its 6th installment, back at London’s iconic Guildhall on Monday 20th – Tuesday April 21st, 2020. See Jo Ann on the main stage with some of the world’s leading regulators.
The Paris Fintech Forum (PFF) is a leading European annual event on digital finance & fintech, organized by Altéir Event. In 2019, more than 2,700 international participants from 75 countries, 280+ speakers, and 180+ Fintechs gathered to discuss the latest trends and topics in the sector.
David Ehrich sat down with participants from the first US Regulatory TechSprint on Human Trafficking to explore how regulators around the world are driving innovation with TechSprints. Learn more about how a powerful problem-solving tool can help the financial services ecosystem leverage technology.
Stay informed by joining our mailing list