Digital Transformation in Financial Services: Identity Verification

Innovate Finance will deliver a webinar focussed on venture
capital investment in FinTech from a transatlantic perspective, bringing together leading international VCs to explore the changing FinTech investment landscape, the perfect startup pitch and what and who to watch in 2018.

Effectively managing cross-border payment compliance is one of the biggest challenges facing enterprises looking to expand globally.

Sending payments internationally requires adherence to multiple, often complex, payment regulations in both the originating country and the country in which the funds land.

Regulation continues to tighten and failure to comply brings significant costs ranging from failed payments and reputational damage to crippling fines and in severe cases, legal prosecution.

Yair will discuss the biggest compliance risks in the markets with the greatest opportunities (e.g., China, Russia), and offer insights on how to effectively leverage user behavior data to identify bad behaviors.

Having a great product and a slick marketing campaign isn’t enough anymore.

In the age of Uber and order-ahead, customers crave convenience, and payment options and methods help companies attract and keep customers.

What is your payments strategy?
Does it involve hardware and software?
What can you do to be on the cutting edge in payments to assist with customer retention and increase profits?

Loyalty programs are nothing new, but opportunities to leverage them at the in-store and online checkout are. Innovations in payments and banking have ushered in the beginnings of the "open economy" and are bringing exciting new technologies to the market that will change the future of consumer engagement.

Ty Tyree (FIS) and Bruce Parker (Modo) speak with Eric Grover (Intrepid Ventures) on the work they're doing in the payments and loyalty space, and what opportunities they see in the market.

Join in to learn: Who are the major players in the "open economy"?, What are disruptors in the loyalty space doing (both banks, merchants, and payments players)?, What are new ways in which you can engage your end consumers to establish true brand loyalty?, What is the "open economy", and how are we going to see that playing out in the next 5 years?, and What is required in order to continue the "open economy"?

Moderator:
Eric Grover, Principal at Intrepid Ventures

Panellists:
Thomas (Ty) Tyree, VP of Loyalty Product at FIS
Bruce Parker, Founder & CEO at Modo

What determines how people pay for their goods and services? How might using cash instead of a debit card reflect your personality? Are you a utilitarian or hedonistic shopper?

This webinar looks at how the way people behave could affect their choice of payment. Dr. Anne Lewis argues that an economic model is not enough to fully predict future consumer payment habits, and social factors have an important influence on whether people reach for notes or cards.

The cashless society has been talked about for decades and with the increased use of digital payments some believe it’s closer than ever. Despite this cash remains a popular method of payment for consumers and businesses, and is forecast to continue to play an important role in the payments landscape for years to come.

Join this session for a discussion on the future of cash. This will include:

· Data and forecasts on cash and non-cash payment methods
· Research on the drivers behind consumer payment behavior
· Analysis on the future of cash – it’s role as both a transactional and continuity method of payment
· Country-specific examples

The presentation will provide an overview of the Canadian Anti-Fraud Centre, highlight trends in Mass Marketing Fraud and current scams, and discuss alternative measures to disrupting fraudulent operation through public/private partnership.

About the Speaker:
.Keith is a Fraud Analyst with the Canadian Anti-Fraud Centre's Operational Support Unit. The CAFC is Canada's central repository for data, intelligence and resource material as it relates to fraud. The CAFC commits to providing timely, accurate and useful information to assist citizens, businesses, law enforcement and governments in Canada and around the world. The CAFCis coordinated by the Royal Canadian Mounted Police in partnership with the Ontario Provincial Police and the Competition Bureau of Canada

Identity theft is the fastest-growing crime in the U.S. Globally, one in 60 online transactions are fraudulent. So, if you fail to catch that fraud, the cost to your business – both reputational and financial – can be catastrophic

PYMNTS CEO Karen Webster and Kevin Trilli, chief product officer at Onfido, discuss the current trends in fraud techniques, and reveal how risk and fraud managers can utilize new technologies to catch them.

Attendees will learn:

- The most common identity document fraud techniques and how to spot them
- The challenges of tackling 3D fraud in digital, 2D environments
- How AI and biometrics are changing the face of online security and access
- Why fighting fraud will require a mix of human and machine expertise

-How to better handle performing client due diligence on an ongoing basis?
-What are the challenges of the traditional AML/KYC procedures?
-What can we expect from the AML Directive that comes into force in June of this year?
-What are the common mistakes FIs make when managing their data?
-How can Machine Learning and automation help?

With sensitive data residing everywhere, organizations becoming more mobile, and the breach epidemic growing, the need for advanced identity and data protection solutions has become even more critical.

Learn about the Identity and Data Protection solutions for enterprise security organizations can take a data-centric approach to their security posture.

Learn about the new trends in Data Masking, Tokenization and Encryption.

Learn about the guidance and standards from FFIEC, PCI DSS, ISO and NIST.

Learn about the new API Economy and eCommerce trends and how to control sensitive data — both on-premises, and in public and private clouds.

Long Finance's Distributed Futures research programme has produced a report entitled “To Be, To Have, To Know Smart Ledgers & Identity Authentication”, the latest in a series of exciting projects in the programme. The webinar offers the opportunity to join the discussion on the findings of the report, which shows how identity management and authentication systems can make use of leading technology, such as smart ledgers, as well as to explore the social, economic, and political implications of their use. The research provides alternative models for practical identity management and authentication, and suggests considerations for policy makers, regulators, businesses, and individuals, both for the present and looking forward

The Strong Customer Authentication (SCA) requirements under the PSD2 come into effect this September, but are payment service providers ready? PSD2 doesn’t have to be post-apocalyptic, but it is going to bring about major changes, especially in the financial sector. Consumers are increasingly sensitive to any added friction and are voting with their feet. An estimated 70% of consumers abandon online forms due to a poor experience.

So the question is, how do you balance risk and compliance without compromising the customer experience? The winners post-PSD2 will be those that are able to collaborate closely with merchants to maximize SCA exemptions and minimize friction for those transactions subject to SCA.

Judging from the headlines, any financial institution that isn't building out a
blockchain strategy is potentially missing the next big digital gold rush.
Blockchain is touted as an immutable ledger system that will revolutionize
financial services and provide the platform for the future of currencies and
transactions.

Is blockchain really as safe as advertised? Is Proof of Work
more secure than Proof of Stake? What are the potential downsides or attacks
against it? And, perhaps most importantly, will it scale? Join a panel of experts
who will discuss these questions and more for this engaging panel.