October 30th 2019
BIIA Annual General Meeting [Full Members only]: 11:00 – 12:00
Pre-conference Regulatory Roundtable: 14:00 – 17:00 – This event is facilitated and moderated by BIIA and has been scheduled at the request of Asian regulators. It is a by invitation only event.
Conference Registration opens 17:00
Networking Reception 18:30 – 20:30
October 31st 2019 Conference starts at 09:00 [Registration opens at 08:00]
- Jane Foo is a retired compliance professional with 20 years of experience in compliance, operational risk and audit across a broad spectrum of banking businesses, products and services. She remains active by making her expertise available as a freelance trainer on MAS regulations and ethics with Salmon Thrust. Jane is a member of the Caritas Board of Trustees, the Caritas Advocacy & Research Committee and a facilitator & moderator at Caritas conferences. She joined the board of directors of BIIA on March 16th 2019.
Artificial Intelligence: Reality or Hype – The Challenges for the Financial Services Industry and the Likely Consequences for Business/Credit Information and Customers
- Keynote – Future prospects and challenges by Dr. Anthony Scriffignano, Chief Data Officer Dun & Bradstreet Corporation
Impact of Artificial Intelligence (AI) on the Business / Credit Information Industry
Panel discussion moderated by Dr. Anthony Scriffignano, Chief Data Officer Dun & Bradstreet Corporation
- Panelist: Professor Dr. Gjergji Kasneci, CTO & Head of Innovation and Strategic Analysis at SCHUFA Holding AG, Germany
- Panelist: Zhi-Ying Barry, Senior Analyst with expertise in Financial Services and covering AI and fintech topics for Forrester Research in Asia Pacific
- Panelists: Timothy Choon, Managing Director FICO Compliance Solutions Asia – Pacific
The Changing Dynamics of Risk Management Information
New technology, such as Application Programming Interfaces (APIs) and Block Chain are facilitating direct access to new data sources, previously unavailable to credit information providers, which when combined with new analytical tools like AI and Machine Learning, is enhancing the products and services that can be offered to those offering finance and to the end user of these services – consumers and SMEs in particular.
The same dynamics are also challenging the traditional credit information industry data models, with direct access to more timely data, some believe, negating the need by the new ‘Fintech’ breed of lenders to access central credit information databases.
We are seeing consumers and SMEs attitude to the use of their data changing. On one hand they are increasingly seeing the benefit of their data in allowing them access to financial services and on the other they are becoming increasingly concerned about what data is held by which organizations and for what purposes the data is being used, which is leading to a focus by regulators on cybersecurity measures and data privacy rights.
Regulators are increasingly looking at ways in which new and alternative data sources from both the public and private sectors, can be made available to benefit consumers and SMEs through greater access to finance and other services. Some of these initiatives, such as ‘open data’ and PSD2 provide the credit information industry with opportunities to acquire more data. At the same time other regulators are also working on limiting the use of data through tighter data privacy regulations, like GDPR.
In this session our speakers will explore the changing data dynamics as a result of new technology (such as APIs and Block Chain) and the regulatory initiatives (such as ‘open data’ and PSD2) that are allowing access to previously unavailable data sources and provide case studies on how the credit information industry is using this data to help lenders and other providers of finance meet the needs of consumers and SMEs. We will also explore through further case studies how new players are using these same dynamics to ‘by pass’ the traditional credit information industry model. And finally we will consider how these changing dynamics sit alongside a growing appetite by regulators for tighter cybersecurity and data privacy measures to ensure that individuals and small businesses data is used in a secure and proportionate way.
- Moderated by Neil Munroe, Deputy Managing Director BIIA
- Panelist: Enrico Lodi, General Manager at CRIF and President of ACCIS
- Panelist: Mohan JAYARAMAN, Regional Managing Director Asia Pacific for Decisions Analytics (DA), Business Information Services (BI) and Data at Experian
- Panelist: Marc Barrachin, Managing Director, Product Research and Innovation at S&P Global Market Intelligence
This panel discussion is organised by the SME Finance Forum of the International Finance Corporation and moderated by Matt Gamser, CEO of the SME Financial Forum. Of keen interest for our members will be the discussion on the challenges for credit information services plus the way forward: “Credit information is dead, long live ‘financial capability information’:
Definitions and dilemmas:
- What does financial inclusion mean? Why is it different from financial “access”?
Why is it so hard to measure inclusion? Why is there so much controversy over whether financial inclusion is a good thing?
- What does financial inclusion mean? Why is it different from financial “access”?
Challenges for credit information services:
- Why, despite so much expansion of operations (and the positive results of the spread of credit information worldwide and in Asia), are so many people & businesses still uncovered and also not included?
- What are some of the breakthroughs that are leading to more people being “covered”?
- … and why (picking up on 2 years ago) have so many of these come from outside the established industry
- What is the industry doing?
- How do regulation and regulators affect progress in this area?
The way forward:
- “Credit” information is dead, long live “financial capability” information?
- Services moving beyond just financing (including prescribing other individual and business support)
- Service delivery/credit info clients diversification – industry already serves many corporates in the real sector, but is that enough? Is the present relationship strategy enough?
November 01, 2019 Conference opens at 08:45
Identity: Keynote – Increasing importance of managing identity – challenges and trends – a perspective of a compliance professional
- TAN WEE SOON, Executive Director, Group Financial Crime & Security Services (FCSS), DBS Bank Singapore
- We will hear from a seasoned compliance expert about the current and potential regulatory trends and its implications on the financial services industry. He will speak about current challenges for compliance professionals and their future needs from the business information industry
Identity has become a major business activity driven by AML, KYC, eKYC compliance requirements
BIIA has invited a number of its members to discuss the dynamics of their growing ‘identity’ businesses. Much of it is b2b although the convergence of business identities and the identities of individuals is underway. No business can function without an owner and management in particular those who have beneficial ownership or hold proxies. All of which is dependent on transparency, however compliance officers often bemoan the lack of reliable, accurate and timely information. We look forward to a lively discussion concerning the current and future prospects of this fast growing business segment.
Latest Developments from Legal Entity Identifier: Should the business information industry rally behind a common legal entity identifier?
BIIA has invited the GLEIF Organization (Global Legal Entity Identifier Foundation). GLEIF has been tasked by the Financial Stability Board to support the implementation and use of the Legal Entity Identifier (LEI). The discussion will focus on current developments of the LEI and the future prospects of the LEI becoming the neutral company identifier for legal and financial transactions. If mandated by local authorities in the interest of AML/KYC compliance, would this lead to greater transparency?
- Moderator: Joachim C Bartels
- Stefan Wolf, CEO at LEI Organization
- Dr. Anthony Scriffignano, Chief Data Officer Dun & Bradstreet Corporation
- Scott J. Preiss ,Managing Director, Global Head – CGS
CUSIP Global Services ,Operated for the American Bankers Association by S&P Global Market Intelligence (invited)
The Future of Credit & Credit Information –
- Panel Discussion with CEOs, COOs, CIOs moderated by Neil Munroe, Deputy Managing Director at BIIA.
- Matt Gamser, CEO at the SME Finance Forum of the IFC
- Jérôme Pezé, CEO and Founder at Tinubu Square
- Cato Syversen, CEO at Creditsafe
- Carlo Gherardi, Chairman of CRIF Group
- Neeraj Sahai, President of Dun & Bradstreet International (invited)
We thank our supporting organizations for their assistance: