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As the premier space for exploring what’s in store for consumers and enterprises within the financial sphere, Money20/20 is the hottest spot for speakers from across the planet to discuss what’s up-and-coming in financial innovation. Whether you want to know all about the next big virtual currency or you’ve been waiting all year to hear about how to keep your investments safe with the latest tech tools, Money20/20 offers a variety of sessions you’ll want to make sure you catch. IdentityMind has been attending Money20/20 in Las Vegas since it began five years ago, and we’re excited to be attending this year as well. Below are IdentityMind’s top five session picks.

1. The Regulatory Environment Can Help Emerging Fintech (or not)

Date: Sunday, October 21, 10:20 a.m. – 12:00 p.m.

Moderator: Manny Alvarez, Affirm

Speakers: Chris Camacho, Greater Phoenix Economic Council | Melissa Koide, FinRegLab | Duane Pozza, U.S. Federal Trade Commission | Paul Watkins, U.S. Bureau of Consumer Financial Protection (BCFB)

In this session, panelists will discuss innovation within fintech and how businesses in this sector might get ahead with the help of a more nourishing regulatory environment. The panel will address issues facing the regulatory environment within the U.S. and other nations around the world and examine whether the legal framework within these areas is supportive of technological advances made by fintech firms. Consumer protection for those who do business with fintechs will also be discussed, as new innovations may make them safer or less safe depending on where in the world they are doing business.

Fintechs stand a better chance of flourishing when they have put in place the protections needed for themselves and for consumers. When IdentityMind first started working with fintech startups, many were unclear as to the scope of the regulatory framework they had to operate in — especially regulations around anti-money laundering. Take for example Internet lending, crowdfunding, cross-border payments, and cryptocurrency exchanges; some countries, like Mexico, just put out specific fintech laws that went live barely a month ago. Working with many of these companies, we noticed that in spite of the lack of clarity, it was meaningful to them to do what they could, in some instances more than what was expected of them. They knew it would position them to be at an advantage with regulators, competition, and public opinion. Having clear rules sets specific objectives and takes out the risk of unknowns from the supporting financial and regulatory infrastructure.

For more information about our Superior AML solution, visit us online by clicking here and be sure to request a demo by clicking here.

2. Is Blockchain the Future of Digital Identity?

Date: Sunday, October 21, 2:40 p.m. – 3:10 p.m.

Moderator: James Mirfin, Refinitiv

Speakers: Vinny Lingham, Civic | Joseph Weinberg, Shyft

In this session about digital identities and blockchain technology, speakers will discuss varying points of view with regard to digital privacy and the illegal use of personal data. In a time when consumer identity is determined by an IP address that fraudsters can easily duplicate or falsify, privacy is held at a premium — what might public blockchain do to resolve this? Speakers will illuminate the audience with opinions on Trust Anchors and their ability to verify consumer legitimacy to enhance credibility scoring and advance individual reputations. You’ll hear differing opinions on what role the marketplace might play in the ongoing battle against synthetic identities and how to determine the authenticity of trusted identities during transactions.

As the first in the space of actually building a database of digital identities, IdentityMind has always kept a close eye on blockchain technology and its impact on this industry. There are several aspects of digital identities. One that innovators have taken a keen interest in is using a blockchain to store aspects of an identity along with its attestations of permissions and capabilities. Then, the individual would be able to decide what aspects of his or her identity are visible and usable by others, and an authorized third-party can attest that the identity has certain permissions and capabilities. An example of an attestation would be that a company like IdentityMind has validated the identity, making this validation available to others. Then others may trust IdentityMind that it has performed the steps necessary to validate such an identity. Both the identity and the attestation can be stored in the blockchain for others, and especially for use by the owner of the identity — this would give full control of the identity to its owner.

The notion that individual management of digital identities is attractive, and that such management can demonstrate its capabilities without necessarily disclosing personal data is even more attractive, at least in concept. There are many companies pushing this concept; newcomers like Civic, Hypr, Authenteq, Shocard, and old alike, including IBM, and many individual organizations are pursuing internal projects to coalesce their knowledge of their users in a single data structure. We do think Blockchain is impacting how we think and implement certain aspects of digital identities, but it’s too early to tell if it’s practical as a global repository for identities or for allowing every user to manage his or her individual digital identity.

Our work on digital identities and KYC and compliance services has allowed us to partner with blockchain companies and explore the benefits that it can provide to private organizations. We see blockchain as a component to the solution in certain scenarios. Claiming it to be the future of it, perhaps, is a bit narrowly focused.

To understand our Electronic DNA technology and the use of digital identities for know your customer (KYC), anti-money laundering (AML), and fraud prevention, download our Identity Proofing Guide.

3. Cyber Superheroes: Fighting Payments Crime with Technology

Date: Monday, October 22, 3:20 – 3:50 p.m.

Moderator: Julie Conroy, Aite Group

Speakers: Ellen Richey, Visa

Join Julie Conroy, Research Director with Aite Group, and Ellen Richey, Vice Chairman of Risk & Public Policy with Visa, for an enlightening discussion about trusted payment networks around the world. The conversation will touch on the global nature of commerce in the modern world and the sheer volume of digital transactions that take place each and every day. Consumers are digitally connected across all regions of the world regardless of borders, cultures, or time zones with the ability to interact with merchants, vendors, and suppliers with ease in an instant — but with the favorability of digital payments comes the new disadvantage of fraudsters and criminals who take advantage of the digital landscape with false identities — what can merchants and consumers do to combat these threats, and what role does the marketplace have in monitoring digital identities and the transactions they make? Join the conversation and hear what these thought leaders have to say about the ever-changing landscape of digitized transactions occurring millions of times daily.

Julie Conroy is one of the most knowledgeable analysts in this space, and it is always worthwhile to listen to her speak. The topics covered in this session are all in line with what our client base is solving through us. The global nature of payments and financial models are being taken advantage by fraud and money laundering rings for nefarious activities, including financing of terrorism, laundering profits from the drug trade, and human trafficking. The use of stolen identities to commit all of these crimes is prevalent, and it is every stakeholder’s responsibility to play his or her part in stopping abuse by criminal actors.

Our mission has always been to inject integrity back into the marketplace through the knowledge of digital identities. The more you know about a user, the easier it is to assess the risk he or she poses to your business. Our technology is helping hundreds of organizations on every continent assess the risk of their online users and it is stopping nefarious actors from abusing your business, too.

When it comes to knowing your customer (KYC) and understanding the digital identities of those who wish to do business with you, IdentityMind offers a suite of solutions to fit the bill regardless of the financial industry you’re in, from fintech and ICOs to MSBs and virtual currencies to traditional banking institutions and beyond. Our easy-to-deploy online KYC solution lets you decide whether or not you want to trust the person on the other end of each transaction. To learn more about IdentityMind’s KYC solution, visit us online here and request a demo of the service by clicking here.

4. ICOs, Air Drops and the Future of Regulating Decentralized Money

Date: Tuesday, October 23, 10:10 a.m. – 10:40 a.m.

Moderator: Tanaya Macheel, Cheddar

Speakers: Marco Santori, Blockchain

In this session you’ll hear all about the gradual development in the relationship between regulators and crypto investors and the slow-to-change regulations that shape the sphere in which they operate with one another. For the unpredictable and often fickle nature of ICOs, exchanges, and securities laws, making deals between cryptocurrencies and traditional institutions is a gray area for many — and while that hasn’t slowed the pace of business, it has brought a new level of importance to keeping both sides in line to safely engage with each other. Get the insights you want about the future of regulation and hear about what investors might do in response to this changing landscape during a still quite uncertain time.

Marco Santori has all the expertise needed in this arena. We have worked with him in the past, and given our experience in the crypto world helping with their KYC and AML needs to over 50 digital currency exchanges and 200 ICOs, we are always interested to learn about what lies ahead in the regulatory world for this industry. This should be a very good source of information.

During the last 10 months, IdentityMind has helped over 200 small and large companies go through their ICO events. We have learned many things along the way with them, and we have poured all this knowledge into an easy-to-adopt KYC solution. About two months ago, we released our self-service RegTech Webstore, which caters specifically to small- and medium-sized organizations that require anti-money laundering functionality. Within the RegTech Webstore, there is a specific RegTech plugin that supports organizations planning an ICO event. The KYC plugin for ICOs takes care of the user experience along with the backend necessary to meet worldwide regulations.

Supporting your KYC regulatory needs is easy — click here to get started.

Explore the IdentityMind RegTech Webstore


5. Lost in Transaction 2018: Futureproofing SMBs Through the Checkout

Date: Tuesday, October 23, 10:55 a.m. – 11:10 a.m.

Moderator: —

Speakers: Todd Linden, Paysafe

For small- to medium-sized financial businesses, the ever-evolving world of digital payments offers whole new possibilities — but it can also be fraught with issues that make doing day-to-day business difficult in a variety of ways. In this session with Todd Linden, CEO of Payment Processing for Paysafe, a customer of IdentityMind, you’ll get a fresh perspective and hear new information from the Paysafe report, “Lost in Transaction,” which unveils what it’s like for enterprises engaging in card not present and card present transactions. Learn about the advantages and disadvantages posed by both types of transactions here in North America and across Europe as Linden discusses what ecommerce ventures and brick-and-mortar operations might expect as transaction types evolve toward a more seamless and almost invisible approach for both consumers and the businesses they do business with. Learn what SMBs can do to stay on track with technological advances in transactions and how can they “futureproof” their ventures in a manner that bodes well for all.

Paysafe is without question one of the most important and relevant companies in the world of online payments. Their visibility and insights into digital payments should be taken quite seriously. This session will highlight the importance of preparing yourself and your business for digital expansion. Many companies venture either online or abroad without taking full consideration of the transactional risk. We have helped many of our clients operate globally with full visibility into the cross border challenges of fraud prevention and the multi-jurisdictional aspects of regulatory compliance.

The IdentityMind platform operates globally offering a transaction fraud prevention solution that helps reduce your risk by knowing the identity of the individual on the other end of the transaction. Our trusted digital identity platform works with what you have — you can pick and choose the capabilities you need from us that work with your existing systems while enhancing both your security and the experience your customers have. And, when you work with IdentityMind, you can reduce your transaction processing expense by more than 20% with automated transaction processing that stops both onboarding and transaction fraud with real-time risk scoring through machine learning and rules-based transaction monitoring.

You’ll get access to the IdentityMind network of more than 200 million identities and the ability to configure your own rules. Validate identities and safeguard your enterprise against identity theft, account takeovers, phishing, and a variety of other fraud types. The IdentityMind algorithms will provide you with reputations for individual identities that are tailored to the industry you’re in, and we make it possible for you to add additional checks as needed for individual transactions. The end result is a winning experience for customers who choose to do business with you while protecting your startup or small business from the bad guys.

For more information about IdentityMind’s fraud prevention solutions, visit us by clicking here. Be sure to request a demo of the service by clicking here.

These five outstanding Money20/20 sessions all offer a great education in what’s going on right now and what’s shaping the modern financial world. You’ll walk away with insights about how to keep your financial firm safer and you’ll learn about what’s on the cutting edge and what you can expect as you move forward with your ICO, fintech, MSB, or other small- to medium-sized business. With up-to-the-minute knowledge about how to avoid fraud in the digital age to how blockchain is changing the face of the financial industry across all sectors, there’s a lot to take in at this year’s Las Vegas Money 20/20. We look forward to seeing you there and showing you what IdentityMind offers that can change how you do business and how you can protect both your interests and those of the consumers who choose you. We want to hear from you — which sessions do you plan on attending at Money20/20 2018 and why?

Will you be in Las Vegas for Money20/20 2018? Meet the IdentityMind team at booth 1231.

Click here to set up a meeting with members of the IdentityMind team eager to show you what we can do to help you know your customer, stay AML compliant, avoid transaction fraud, and much more.