FinTech and the Transformation of Financial Services
imf seminars event
DATE: April 19, 2017
1:00 PM - 2:30 PM
LOCATION: IMF HQ1, Meeting Halls A&B
TUNE IN FOR THE LIVE WEBCAST ON
Wednesday, April 19 AT 01 00 PM
OverviewEmerging technologies in the financial sector (“FinTech”) are driving transformational change in the provision of financial services in such areas as payments, financing, investments, financial information and advice, and asset management. These developments bring both opportunities and risks. The session will take the form of a roundtable discussion among experts on FinTech issues from the public and private sectors and academia, who will be asked to respond to a series of specific questions on how new technologies can disrupt the nature and provision of financial services and the implications that these changes may have for financial stability and regulation.
FinTech and the Transformation of Financial Services
Moderator: Tao Zhang
Tao Zhang is Deputy Managing Director of the IMF. He was Deputy Governor of the People's Bank of China (PBOC) prior to joining the Fund. Over the course of his career, he has held various senior positions at the PBOC, including as Director General of the Legal Affairs Department, Director General of the Department of Financial Survey and Statistics, and Director General of the International Department. He also served as Executive Director for China at the IMF.
Jeremy Allaire is the Founder, Chairman, and CEO of Circle, a consumer internet company focused on providing secure, simple, and less costly technology for storing and using money. He is also the Founder, Chairman and CEO of Brightcove, an online video platform used by media organizations worldwide. He has spent the past 20 years building and leading global technology companies with products used by hundreds of millions of consumers and businesses worldwide.
Jill Carlson is the Head of Market Strategy at Chain, a blockchain technology company based in San Francisco. Chain powers next-generation financial networks for companies including Visa and Nasdaq. Prior to joining Chain, she conducted research at Cambridge University on cryptocurrencies and distributed ledger technology. Carlson began her career as a credit trader at Goldman Sachs, where she later worked in research. She holds a BA from Harvard and a MSc from Oxford.
Long Chen is Chief Strategy Officer at Ant Financial, an online payment services provider affiliated with the Alibaba Group. Chen also serves as the Deputy Director of the China Internet Finance Research Institute of the People’s Bank of China, Deputy Director of the Internet Securities Committee of the Securities Association of China, and Deputy Chairman of the Internet Committee of the Insurance Association of China. Chen received his PhD in Finance from the University of Toronto, Canada.
Chris Church is the Chief Business Development Officer of Digital Asset, a New York headquartered financial technology company that builds encrypted processing tools for wholesale financial service providers using distributed ledger technology. He also sits on the Fintech Advisory Committee for the Ontario Securities Commission. Church was also part of the executive team that founded Radianz, Inc, the world's largest extranet.
Santiago Fernandez de Lis
Santiago Fernández de Lis is Head of Financial Systems and Regulation at BBVA Research. He joined the Banco de España in 1986, where he held several management positions, among them Head of the Monetary and Financial Division and Director of the International Department. Between 1998 and 2000, he worked in the Bank for International Settlements (BIS) in Basel. He is an economist from Universidad Autónoma de Madrid and was a lecturer in Universidad Carlos III (Madrid).
Greg Medcraft is Chairman of the Australian Securities and Investments Commission (ASIC). Prior to joining ASIC in 2009, Medcraft had a distinguished career in investment banking. He was the CEO and Executive Director at the Australian Securitization Forum and co-founded the American Securitization Forum. He was also Chair of the International Organization of Securities Commissions Board in 2013-2016.
Patrick Murck is a fellow at the Harvard Berkman Klein Center for Internet and Society, and a Special Counsel at Cooley LLP. He is a lawyer and expert on bitcoin and blockchain-based technologies. He conducts research into the law and policy implications of bitcoin, distributed ledgers and smart contracts. Previously, Murck was a co-founder of the Bitcoin Foundation. He was named among America’s 50 Outstanding General Counsels for 2014 by the National Law Journal.
Marco Santori is a Partner at Cooley LLP, an international law firm based in California and leads their global FinTech practice. Santori counsels banks, broker-dealers, exchanges, payment processors, institutional miners, and other companies making new and exciting uses of distributed ledger technology. He is the Legal Ambassador for the Delaware Blockchain Initiative and was called “The Dean of Digital Currency Lawyers” by an American Banker journalist.
Alex Tapscott is the Executive Director of the Blockchain Research Institute, and sits on the Advisory Board to Elections Canada. He is a founding Member of the World Economic Forum’s Global Futures Council on Blockchain and is a globally recognized thought-leader, speaker and writer focused on the impact of emerging technologies on business, society and government. He is the co-author of Blockchain Revolution. He is a graduate of Amherst College (cum laude) and is a CFA Charterholder.
Carolyn A. Wilkins is Senior Deputy Governor of the Bank of Canada. Wilkins represents the Bank at the Financial Stability Board (FSB) and chairs the FSB’s Regional Consultative Group for the Americas. She previously served on the Basel Committee on Banking Supervision and chaired its Working Group on Liquidity. She earned economics degrees from Wilfrid Laurier University and the University of Western Ontario.
Bradley J. Wiskirchen
Bradley J. Wiskirchen is the founding CEO of Kount, the premier fraud prevention solution for card-not present transactions. Prior to December 2015, Wiskirchen was CEO of Keynetics and Executive Chairman of ClickBank. He was also the Chairman of the Board of the Salt Lake City Branch of the Federal Reserve Bank of San Francisco in 2014 and 2015. He was awarded a J.D. from the University of Notre Dame, and a B.A. from Brigham Young University.
Ryan Zagone is Director of Regulatory Relations at Ripple--a payment technology company named as one of the MIT 50 Smartest Companies, and the recipient of the WEF’s Technology Pioneer Award. He serves on the Steering Committee of the Federal Reserve's Faster Payments Initiative. He also sits on the advisory board of the United Nations’ Better Than Cash Alliance. Previously, Zagone focused on product strategy at Deloitte and regulatory policy at the American Bankers Association.