lexisnexisip.com

IBA Annual Conference Miami 2022

30 Oct - 4 Nov 2022

Room 207, Level 2

Session information

Banking on big data – the transformation of banking services through data analytics

Wednesday 2 November (1430 - 1545)

Room 207, Level 2
View location
Conference area
Networking hub (Exhibition hall)
Meeting rooms
Session rooms
The full venue map is available on the delegate homepage

Committee(s)

Banking & Financial Law Committee (Lead)
Technology Law Committee

Description

New technological tools are becoming available for banks and fintechs to exploit ‘big data’, the very large volumes of data that traditional data processing software simply couldn’t handle. These have the power to transform how banking services are delivered to customers. Big data algorithmic analytics, especially when combined with ‘open banking’ and fast identity-checking technology such as biometrics means that financial providers are better placed to tailor products for consumers and speed up the delivery of services. However, these developments cannot race ahead unchecked. For the technology innovations to work, they need to be successfully integrated into the legal and regulatory landscape of consumer protection. This panel will discuss that legal and regulatory landscape and consider how it might evolve in the future.

Session / Workshop Chair(s)

Josh Hogan McCann FitzGerald, Dublin, Ireland; Chair, Financial and Banking Law Conferences Subcommittee
Sajai Singh JSA, Bengaluru, Karnataka, India; LPD Council Liaison Officer, Art, Cultural Institutions and Heritage Law Committee

Speakers

Evis Daum Federal Reserve Financial Services , Atlanta, Georgia, USA
Kim La Barbiera American Express, New York, New York, USA
Grady Nye Mastercard, Purchase, New York, USA
Adeola Sunmola Udo Udoma & Belo-Osagie, Lagos, Nigeria