As the FinTech sector continues to evolve and grow, so too will the financial crime risks they face, along with increasing demands placed on their compliance staff. How will FinTechs successfully navigate this next stage?

FFECON21 will look at how FinTechs are taking on these challenges, where they’ve succeeded and – in some instances – where they wished they had done things differently. This year’s event will also incorporate a broader look at financial crime prevention and consider emerging financial threats and the need for nimble tactics to address them.

Join us this November, along with 250+ FinCrime experts as we continue our efforts to support FinTechs and the wider community thrive free from the threat of financial crime.

Speakers

Agenda

8:00 – 8:50 Registration

8:50 – 8:55 Welcome and Introductory Remarks

8:55 - 9:35 Special Presentation: Beyond The Lazarus Heist - North Korea, Hacking and the Future of Financial Crime

Investigative journalist Geoff White has spent years tracking the cybercrime threat and was the co-host for the hit BBC podcast The Lazarus Heist, which covered North Korean cyberattackers and the attempted theft of a billion dollars from Bangladesh Bank.

In this presentation, he will cover the latest twists and turns in the story, and explore what it means for the future of financial crime and nation-state cyber activity.

9:35 – 10:25 Panel Discussion: Know Your Enemy Part 1 - The Domestic Crime Environment

FinTechs know that they need to base their policies, procedures and controls on a risk assessment of financial crime risks. But the financial crime risk environment is changing rapidly, as criminals take advantage of new opportunities and vulnerabilities, especially around technology. This session will take a deeper look at some of the most important domestic crime trends and emerging risks that are affecting FinTechs today.

10:25 – 10:40 Refreshment Break

10:40 – 11:30 Panel Discussion: Know Your Enemy Part 2 - The International Context

Discussion on the international crimes that underlie financial crime, and the importance of understanding the mechanisms of international criminal activity and the geopolitical context in order to identify and disrupt illegal financing. How do transnational crimes such as arms trafficking, international corruption and proliferation financing manifest, and what are the red flags for FinTechs to identify? How can FinCrime professionals improve their knowledge of these complex subject areas and translate this knowledge into tangible actions?

11:30 – 11:50 Presentation: How P2P Lending ‘Got Wrecked’ by Bad Marketing and What GRC Functions Must Learn From This

This session looks at the retail investor ‘run’ on the p2p lending sector in the spring of 2020. As part of this, it explores the impact of misaligned customer expectations on risk management.

11:50 – 12:05 Refreshment Break

12:05 – 12:55 Panel Discussion: Banking Crypto - How to Drive a More Effective Approach to Risk Management and the Protection of Consumers

Crypto is here to stay so it is expected that more financial institutions will start opening up to the sector. Let’s discuss how FIs can provide banking services to crypto firms (or customers interested in crypto) ensuring they are aware of associated financial crime risks and are able to apply RBA to address them in order to allow the crypto sector to thrive but also provide protection for their customers.

12:55 – 14:00 Lunch

14:00 – 14:10 Presentation: FINTRAIL - Supporting the FinTech Community

14:10 – 15:00 Panel Discussion: From Sidekick to Superhero - How RegTech is Revolutionising CX

There has been a massive increase in fraud and financial crime since COVID and with it, a rising burden of new regulations to adhere to. Financial criminals have developed sophisticated ways in which to operate, but up until now, back-office practitioners have not had toolkits to set up KYC, KYB, AML, fraud, and financial services processes designed with practitioners or customers in mind.

While the first wave of RegTech was about automating point checks during the onboarding process, the second wave of SaaS RegTech is about perpetual KYC and on-going screening and monitoring. This data-driven, agile approach to problem-solving has the potential to revolutionise the customer experience – reducing friction between customers and back-office teams and enabling financial services companies to become long-term partners who predict what customers want before they ask for it.

Instead of ‘robots taking over the world’, new RegTech means humans can be brought in and out of automated compliance processes for high-value tasks that require analysis, judgement, and decision-making. Turning back-office teams from sidekicks into superheroes – much like the impact of MarTech.

15:00 – 15:15 Refreshment Break

15:15 - 15:50 Fireside Chat: VICE -The Rise of Money Launderers on Snapchat and Instagram | Crimewave

15:50 - 16:20 Panel Discussion: Improving Diversity and Inclusivity in Anti-FinCrime

This panel will explore the importance of financial inclusion, the role financial crime compliance has as the gatekeeper and promote the FinCrime Principles of Inclusion which has been developed as part of the Finclusion Campaign.

16:20 – 16:30 Closing Remarks

16:30 – 18:00 Networking Session

*Program subject to change*

Our Sponsors:

FFECONPro

Introducing FFECONPro sponsors, ComplyAdvantage. ComplyAdvantage is the financial industry’s leading source of AI-driven financial crime risk data and detection technology. ComplyAdvantage’s mission is to neutralize the risk of money laundering, terrorist financing, corruption, and other financial crime. More than 700 enterprises in 69 countries rely on ComplyAdvantage to understand the risk of who they’re doing business with through the world’s only global, real-time database of people and companies. The company actively identifies tens of thousands of risk events from millions of structured and unstructured data points every single day.

ComplyAdvantage has four global hubs located in New York, London, Singapore and Cluj-Napoca and is backed by Goldman Sachs, Ontario Teachers’, Index Ventures and Balderton Capital. Learn more at complyadvantage.com or follow us on Twitter or LinkedIn.

Introducing FFECONPro sponsors, Jumio. When identity matters, trust Jumio. Jumio's mission is to make the internet a safer place by protecting the ecosystems of businesses through a unified, end-to-end identity verification and eKYC platform. The Jumio KYX Platform offers a range of identity proofing and AML services to accurately establish, maintain and reassert trust from account opening to ongoing transaction monitoring. Leveraging advanced technology including AI, biometrics, machine learning, liveness detection and automation, Jumio helps organizations fight fraud and financial crime, onboard good customers faster and meet regulatory compliance including KYC, AML and GDPR. Jumio has verified more than 300 million identities issued by over 200 countries and territories from real-time web and mobile transactions. Jumio's solutions are used by leading companies in the financial services, sharing economy, digital currency, retail, travel and online gaming sectors. Based in Palo Alto, Jumio operates globally with offices in North America, Latin America, Europe and Asia Pacific and has been the recipient of numerous awards for innovation.

FFECONNet

Introducing FFECONNet sponsors, PassFort. PassFort has supported regulated financial services companies to rapidly onboard more than 5 million customers in 197 countries, then manage risk and compliance standards throughout the customer lifecycle. Born in the cloud, PassFort’s solutions are designed for the digital economy: hardware-free, affordable, flexible to configure and easy to use, with constant feature innovation and a choice of deployment options. Our low to no-code solution thrives on complexity, solving compliance challenges at scale without being costly to implement or evolve.

FFECONPlus

Introducing FFECONPlus sponsors, Efficient Frontiers International (EFI), Europe’s leading specialist in financial crime prevention. As an expertise-based client services firm, EFI is your trusted partner in operational compliance. We understand that the key to operational excellence is adaptability, efficiency and rapid deployment of resources; all underpinned by expertise and teams of ‘ready to go’, experienced analysts. It’s this approach that sets EFI apart from other businesses and is what has enabled us to enhance client operations and compliance across Europe.

Introducing FFECONPlus sponsors HooYu. HooYu is a global customer onboarding platform that provides UI & UX tools to deliver customised mobile or desktop digital journeys. HooYu is engineered not only to increase the integrity of KYC processes but to maximise the percentage of customers that can be successfully onboarded. The HooYu digital onboarding journey combines clever UI & UX with a range of KYC tools.  Key UI & UX considerations such as dynamic customer prompts, device language detection, reminder messages, white-label customisation, logic steps to reduce friction, and customised journeys all help to maximise the success of customer account opening processes. 

Introducing FFECONPlus sponsors, Hummingbird. Hummingbird is a platform for managing compliance operations. Financial Institutions use Hummingbird to organize and automate compliance investigations and reporting. The platform is designed to automate repetitive tasks and create structured data for machine learning, resulting in an 80-90% reduction in average time per case. Hummingbird enables compliance teams to cut costs dramatically without sacrificing quality. Hummingbird’s founding team brings together product and regulatory experience from organizations like the OCC, the Department of the Treasury, Square, and IDEO. Hummingbird is using data and design to modernize regulatory compliance in finance.

Event Covid-19 Measures

The safety of our guests is important to us so we have sufficient measures in place to make attending the event as safe and as comfortable as possible, whilst complying to the current government guidelines. The event venue will be cleaned and sanitised prior to the event and there will be sterilising stations on arrival at the venue. Wearing masks is optional yet encouraged.

Attendees who do not feel 100% or have any minor symptoms of colds or flu on the day of the event are asked to not attend or advised to receive a negative Covid-19 test result prior to attending. If you have tested positive for Covid-19, we ask you to please stay at home and transfer your ticket to a colleague to attend in your place without any additional fees.