The 2021 iteration of ACI's highly anticipated annual conference has been revamped against the backdrop of a turbulent 2020 that resulted in a spurt of growth and innovation for the FinTech industry. This year's sessions will not only analyze the implications for companies in 2021 of last year's evolving industry landscape and regulatory and enforcement environment. It will also offer new ways of virtual engagement and participation, such as practical case studies, a hands-on workshop and an industry think tank.
DWT partner Andy Lorentz will be part of a panel titled "How to Minimize the Biggest Legal Pitfalls When Partnering with Banks, Credit Unions and Card Companies to Roll Out a Product or Service."
As the bundling of financial services products accelerates and continues on overdrive, this panel examines the potential for operational risk and legal challenges with FinTech partnerships. Topics discussed will include:
- Examining the latest initiatives of the federal regulatory bodies governing the payments and FinTech industries: what strides are they making to foster innovation and update regulations to fit newer technologies? (FinCEN, FDIC, SEC, OCC)
- Assessing the latest activity of the CFPB Office of Innovation
- Analyzing real-life examples and their legal challenges: Apple and Goldman Sachs
- The latest updates regarding the OCC FinTech Charter and why it has not worked
- Examining regulatory agency initiatives designed to adapt to the current payments landscape and facilitate positive interactions between the regulators and FinTech startups
- Best practices for ensuring compliance with new and emerging mandates from the key federal agencies overseeing FinTech and payments