With more than 1200 attendees from over 50 countries and some of the top speakers in the banking and fintech sphere, LendIt Fintech Europe 2018 is one of Europe’s leading financial services events. This year’s sessions continue to raise the bar with discussions about new developments in digital banking, marketplace lending, blockchain technology in the financial space, and financial inclusion, among other topics. Fresh, new topics will be covered by many first-time speakers and panelists, one-third of whom are women, and half of whom are lending and fintech thought leaders. Here are our top five picks for LendIt Fintech Europe 2018.
Technology’s Role in Financial Inclusion: Hype or Hope?
Monday, November 19, 9:50 a.m. – 10:10 a.m.
Presenter: Shivani Siroya, Tala
As the CEO and founder of Tala, an emerging mobile technology and data science company that’s expanding financial access for underserved people in developing markets, Shivani Siroya has a lot to offer attendees on financial inclusion and the role that mobile technology plays in bringing financial options to consumers across the globe. Siroya will discuss Radical Trust—a different view of the financial world that starts with the fundamental belief in the personal potential that allows financial institutions to focus on consumers in the developing world and offer them credit based on their merits rather than their financial horsepower. As a financial services provider, Tala uses alternative data to make financial access less limited for the underbanked while also offering them credit based on potential.
For financial services providers to effectively offer solutions to the unbanked and the underbanked, they must be able to understand the real risk of working with people who have little data in the traditional financial system. Whereas many KYC vendors focus on understanding the risk of doing business with people who are banked, IdentityMind allows you to understand the risk of doing business with thin-file customers, who may not do any business at all within the traditional financial system. IdentityMind’s platform builds digital identities with the available information to provide you with the ability to conduct due diligence on your customers and accept more good guys whether or not they have a track record in the traditional financial space.
As the most comprehensive risk and compliance solution available today, IdentityMind helps you maintain compliance with AML regulations while ensuring your fraud risk stays as low as possible. With our single platform for account fraud prevention, KYC, sanctions screening, transaction monitoring, and case management, you’ll have access to our Trusted Digital Identities, which are built using more than 50 attributes to ensure reduced risk and fraud. To learn more about our regulatory compliance solutions for financial services businesses, click here.
Global Crypto and Regulatory Temperature
Monday, November 19, 11:10 a.m. – 11:30 a.m.
Speakers: Stuart Davis, Latham & Watkins
Moderator: Lex Sokolin, Autonomous NEXT
In this session about the global compliance regulations that virtual currencies face today, speaker Stuart Davis of Latham & Watkins and Lex Sokolin, Global Director of Fintech Strategy and Partner at Autonomous NEXT, a global research firm for the financial sector, will discuss what’s next for the international regulatory legal landscape for cryptocurrency. Sokolin, who focuses on the next generation of financial services and fintech strategy, is a thought leader who has been featured in the Wall Street Journal, Reuters, American Banker, Investment News, and other financial publications. Davis, an associate in the Financial Institutions Industry Group at the Latham & Watkins London office comes to LendIt Fintech Europe 2018 with a wide range of experience advising broker-dealers, retail and private banks, and private equity funds on complex regulatory challenges. The substantial combined experience of the speaker and moderator of this session are sure to give attendees a considerable education in regulatory compliance as it applies to cryptocurrencies around the world.
IdentityMind is the best solution on the market today for ensuring financial inclusion because we don’t use traditional financial information that the unbanked and underbanked simply cannot provide. You’ll quickly and accurately detect fraud and maintain compliance using digital identities we build and maintain through the combination of more than 50 attributes, which allow you to always know who is on the other end of every transaction. With our identity creation and progressive identity verification, real-time risk scoring through machine learning, and access to the IdentityMind network of more than 250 million identities; virtual currency firms can ensure they’re onboarding good users and doing business with trusted partners and buyers. What’s more, our automated, continuous transaction monitoring offers best-in-class fraud prevention, allowing you to create your own rules for enhanced AML compliance. Complete with compliance reports, email and SMS alerts, and queue management, our configurable account dashboard allows you to see individual interactions and stay up-to-speed at a glance. For more information about our KYC and AML solutions and SaaS-based fraud compliance platform, click here.
Is Regulation an Enabler or Inhibitor of Innovation?
Monday, November 19, 11:35 a.m. – 12:15 p.m.
Panelists: Jamie Campbell, Bud, Martin Mitchell, ProBank Austin, Paul Smee, P2PFA, Paul Loftus, Barclays
Moderator: Emily Reid, Hogan Lovells
Regulation has had — and continues to have — a huge impact on payments innovation around the world. Regulators and financial institutions both have a need to cultivate innovation, something that countries around the world are in dire need of as more and more international firms make the foray into fintech. In this session lead by moderator Emily Reid, Partner at Hogan Lovells, panelists will discuss regulatory compliance and how it can be both a hindrance and a proponent for innovation in fintech and for financial institutions.
For startups and new fintechs in need of regulatory compliance solutions, IdentityMind offers strong identity verification services, online fraud prevention, and superior AML and KYC services; all integrated on a single platform, reducing the need to use multiple vendors to maintain compliance. For merchants, financial services companies, payment service providers, fintechs, money service businesses, and others, IdentityMind provides the solutions needed to get compliant and stay that way with ease. We provide services to entities involved in onboarding, account origination, money transfers, online payments, and much more to create unique trusted digital identities that give you the edge over nefarious actors who frequently operate across multiple services. Using the IdentityMind platform, you’ll easily be able to employ a risk-based approach from a user-centric process that reduces alert fatigue while speeding up analysis. The result is operational efficiency that doesn’t compromise your firm’s financial safety or that of the consumers who trust you. To learn more about the IdentityMind platform for KYC and AML, fraud prevention, and sanctions screening, click here.
Are Marketplaces the Future of Banking
Monday, November 19, 4:50 p.m. – 5:30 p.m.
Panelists: Nigel Verdon, Railsbank, George Chesakov, Tinkoff Bank, Chad West, Revolut
Moderator: Victoria Bateman, RFi Group
Could the future of small business lending and the financing of fintechs be part of what marketplaces are evolving to include? The intrinsically transactional nature of marketplaces may make them seem better suited to stick to the needs of the consumer, but it is this very ability to offer up a well-defined product with precise features and terms that may make marketplaces the next go-to avenue for independent lenders in the SMB category. In this session lead by Victoria Bateman, Director for the EMEA region of RFi Group, panelists will discuss the future of banking and the role that various marketplaces might play as new varieties of lenders emerge.
As more fintechs continue to arise and evolve, so, too, do the numbers of new, rigid regulatory compliance laws. Money service businesses (MSBs) — due to their inherent risk — especially need the best and most comprehensive compliance solutions available on the market today. IdentityMind offers a way to help MSBs around the world address their risk and compliance needs by allowing them to help their customers safely and easily transfer money across borders, around the world, and across the digital landscape with minimal friction. MSBs are meeting increased scrutiny in order to comply with AML regulations and sanctions screening. IdentityMind offers solutions for both on a single platform that is easy to understand and navigate. What’s more, IdentityMind brings MSBs the KYC and fraud prevention solutions they need to safely engage in money transfers internationally — an all-in-one solution that pairs the market-leading IdentityMind risk and compliance platform with merchant services and payment processing. To learn more about our integrated merchant services, compliance automation, and fraud prevention for MSBs, click here.
International Expansion: How to Penetrate New Markets Successfully
Tuesday, November 20, 11:35 a.m. – 12:15 p.m.
Panelists: Lisa Jacobs, Funding Circle, Jens Woloszczak, Spotcap, Charles Egly, Younited Credit, Alejandro Cosentino, Afluenta, Patrick de Nonneville, Lendix
Moderator: Ryan Weeks, AltFi
Trying to expand into new markets is something that many enterprises and medium-sized businesses want and need to do, but it takes a great deal of discipline and an approach that is at once assertive and innovative in order to succeed. Flexibility and a clearly defined strategy are requirements, but so, too is a well-articulated brand identity with the wherewithal to transcend borders around the world. Join moderator Ryan Weeks, editor of AltFi News, the go-to news and analysis service for alternative finance, and panelists as they discuss what it takes to make your venture a player on the world stage.
When it comes to international expansion for enterprise-level companies, regulatory compliance must be at the forefront of every consideration. To reduce incidents of fraud, ensure the compliance of your business, and enhance your ability to onboard new customers with less friction, IdentityMind offers the most comprehensive KYC, fraud prevention, and sanctions screening solutions on the market. IdentityMind is internationally recognized for its accuracy for satisfying risk and compliance regulations and standards. Our KYC solutions include global digital identity verification and a risk-based approach that balances due diligence operations with a quality customer experience. IdentityMind also brings your enterprise the ability to analyze identities in real-time to prevent transactional and account fraud, and we’re able to risk score digital identities through machine learning. From our configurable dashboard, you’ll be able to manage all risk information, control and configure periodic rescreening of customers, and flag new matches that were not previously investigated or ruled out as false positives. With every solution you need on one easily navigable compliance platform and more than 30 data verification partners, IdentityMind is GDPR-ready and brings you every tool you need to be globally compliant. To learn more about our regulatory compliance solutions for enterprise, click here.