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IdentityMind is proud to be exhibiting at our third International Money Transfer & Cross-Border Payments Conference (IMTC) in San Francisco next week. IMTC brings together remitters, clients, and regulators to discuss innovation, challenges, and opportunities in the industry. The conference does a great job of focusing on Money Service Businesses and their specific needs, which are different than those of banks or other Financial Institutions.

Spread across two days, the IMTC agenda is designed to help the money transfer and cross-border payments community share common challenges, highlight best practices and forge the way together. Here are some of the sessions we’re looking forward to attending.

State of the Money Transfer Industry, FinTech Investment & Innovation

Date: Thursday June 28th, 9:15 – 10:00am
Speaker: Hugo Cuevas-Mohr, Mohr World Consulting

“The payments world is in a constant evolution where customers are being presented with choices, from cash to digital, that are producing shifts in the way companies are introducing ides to the marketplace, especially in the challenging world of cross-border transfers. Hugo Cuevas-Mohr will share his views & opinions.”

As a former money transmitter who is the son of money transmitters, Mr. Cuevas-Mohr spends his time speaking with and supporting money transmitters, and has his finger on the pulse of the industry as a whole, especially for smaller MSBs. Mr. Cuevas-Mohr participated in our webinar last year: “State of the Money Transfer Industry: Challenges and Opportunities in 2017”, and we can’t wait to check in and see what has happened in the industry, over one year on.

State of the Money Transfer Industry: Challenges and Opportunities in 2017


Current Regulatory Issues in the FinTech – Money Transfer Sector

Date: Thursday June 28th, 10:30 – 11:00am
Moderator: Connie Fenchel, AML Experts
Panel: Deb Thoren-Peden, Pillsbury | Andrew Ittleman, Fuerst Ittleman | Rick St. Onge, WA Department of Financial Institutions | Jean-Jacques (J) Cabou, Perkins Coie

“A panel of US regulation experts, that are advising money transfer & FinTech firms, have been invited by Connie Fenchel to discuss the regulatory challenges & trends in the US for FinTechs.”

Regulation is what drives this industry, and regulatory challenges and shifts worldwide keeps these CEOs up at night. It’s critical to understand what’s happening, and the underlying drivers of change, to stay ahead of trends and changes in regulations. We’ve worked with Ms. Fenchel before and had Sarah Hody of Perkins Coie on a webinar last year (Initial Coin Offerings: Regulatory Analysis by Jurisdictions Worldwide), and believe this will be a very insightful session.

Initial Coin Offerings: Regulatory Analysis by Jurisdictions Worldwide


Data Breaches, Cybersecurity & FinTechs: How safe is the Money Transfer Industry?

Date: Thursday June 28th, 4:30 – 5:30pm
Moderator: Greta Geankoplis, Stratus
Panel: Gene Libov, Planet 9 Security

“The payment world has been rattled by data breaches, fraud liabilities, data privacy issues and new regulations such as the European GDPR regulations now in effect. This wave of attacks will impact every business and our industry is vulnerable. Cybersecurity & fraud experts will discuss the issues in an open discussion to address the sector’s challenges.”

When it comes to data breaches and cybersecurity, money transmitters are a target, especially as so many operate in the online world. With the ubiquity of data breaches, one can no longer rely on checking public records to validate individuals. When the average cost of a US identity such as a social security number is $25 on the blackmarket, you have to assume that all data is compromised.

IdentityMind, GDPR, and You


Current Compliance Issues in the FinTech-Money Transfer Sector

Date: Friday June 29th, 10:30 – 11:00am
Moderator: Connie Fenchel, AML Experts
Panel: Carolyn Dicharry, Ripple | Rob Mahnke, Plastiq | Megan Monroe, Intuit | Peter Singer, Coinme

“We are inviting experts in the field that are advising money transfer & FinTech firms to discuss the compliance challenges & trends that we need to be aware to avoid costly mistakes and develop successful business plans.”

The panel encompasses a diverse range of viewpoints: established financial organizations (Intuit), online payment services (Plastiq), Bitcoin ATM kiosks (Coinme), and virtual currencies and payment rails (Ripple). With such a range of experiences, this session will present a chance for delegates to learn from compliance experts who are currently working to solve issues.

IdentityMind 2.0

Will you be at the show? Come meet us and see how we can help with supercharging your compliance operations.

We’ll also be at Money20/20 US and the ACAMS 17th Annual AML & Financial Crime Conference later this year, so let us know if we’ll be seeing you in Las Vegas. You can see where else we’ll be and book meetings with us on our website.