Conference

Data and Connectivity Symposium

March 1, 2022

Virtual

Digitization and the rise of new data-driven business models are transforming financial services. These developments are leading to novel partnerships between banks and technology companies, and greater interconnectedness across the industry. Today, banks are increasingly using third parties to provide a broad range of services and to enhance their own operations. The growing ease of connectivity and the increasing ubiquity and value of data are leading to significant shifts impacting banks, nonbanks, and regulators.

The Federal Reserve Board of Governors seeks to explore these developments and their implications for the safety and soundness of banks, consumer protection, and the evolution of banking more broadly. The Data and Connectivity Symposium will convene academics, technical experts, and industry practitioners to discuss these key developments.

Participants will join via Onstream. To register, please visit https://my.webcaster4.com/Webcast/Page/577/44133. The conference will also be webcast at www.federalreserve.gov and www.youtube.com/federalreserve.

Agenda

Opening Remarks

Kavita Jain, Deputy Associate Director, Federal Reserve Board of Governors

Keynote

Mike Gibson, Director, Division of Supervision and Regulation, Federal Reserve Board of Governors

The Future of Financial Services

Moderator
Stephanie L. Woerner, MIT Sloan School of Management

Panelists
Adam Levitin, Professor of Law, Georgetown University Law Center
Karen G. Mills, Senior Fellow, Harvard Business School
Mohan Subramaniam, Associate Professor of Strategic Management, Carroll School of Management at Boston College

Data-centric business models and the rise of fintech firms have pushed banks to shift how they interact with information and partners. In this session, experts in digital transformation will explore how banks business models are evolving, and the impact that these changes may have on safety and soundness and consumer protection.

Lunch Break

Keynote

Eric Belsky, Director, Division of Consumer and Community Affairs, Federal Reserve Board of Governors

Data Management & Governance

Moderator
Lisa Ryu, Senior Associate Director, Federal Reserve Board of Governors

Panelists
Ren Essene, Chief Data Officer, Consumer Financial Protection Bureau
Matt Glickman, VP Customer Product Strategy and Global Head of Financial Services, Snowflake
Ryan Gorney, EVP, Chief Information Officer and Chief Data Officer, Professional Bank
Neema Raphael, Partner, Head of Data Engineering and Chief Data Officer, Goldman Sachs

Data management and governance is growing in importance as data becomes an integral part of bank innovation. This session will explore what it means for banks to set-up a data governance system and the unique challenges faced by firms of different sizes. Panelists will also discuss how data management and governance within firms could impact the broader stability of the banking system.

Break

Application Programing Interfaces

Speaker
Robin Murphy, Senior IT Risk Specialist, Federal Reserve Bank of St. Louis

This session will feature a technical presentation on digital data transfer systems. The presenter will review how APIs are built, used, and embedded into internal and external facing applications, as well as key considerations when connecting with partner entities.

Practitioner Panel

Moderator
Molly Mahar, Senior Associate Director, Federal Reserve Board of Governors

Panelists
Jill Castilla, President and CEO, Citizens Bank of Edmond
Wole C. Coaxum, Founder and CEO, Mobility Capital Finance, Inc.
Justin Jackson, Head of Product, Digital Payment Solutions, Fiserv
Paul LaRusso, Managing Director, Digital Platforms, JPMorgan Chase & Co.

The final session will feature banks and bank partners that are actively involved in digital transformation initiatives and data-focused partnerships. The discussion will focus on the tactical and technical implementation of external API connections, and the success and challenges in standing those up.

Closing Remarks

Kavita Jain, Deputy Associate Director, Federal Reserve Board of Governors

Back to Top
Last Update: February 16, 2022