6th Annual Fintech & Emerging Payment Systems - WEB

New Case Studies and General Counsel Insights!

6th Annual Legal, Regulatory and Compliance Forum on

FINTECH & EMERGING PAYMENT SYSTEMS May 18–19, 2022 | Intercontinental New York Times Square | New York City Gain critical takeaways for navigating extraordinary market expansion amid an uncertain regulatory landscape

Distinguished 2022 Co-Chairs Sulejman Dizdarevic Director & Senior Counsel, Fintech & Payments Discover Financial Services Andrew Lorentz Partner Davis Wright Tremaine LLP

Benchmark with Leading Industry Experts From: » Axiom Bank

» Opy

» Branch

» SoFi

» CapWay, Inc.

» Square Financial Services

» Chime » Ingo Money Inc.

» The Clearing House

» Mastercard

» USAA

» MoneyLion

» Varo Bank

EARN CLE CREDITS

2022 Conference Highlights Caret-right Navigating the Rapidly Evolving Fintech, AI, DeFi Landscape: How the Most Impactful Innovations Will Drive the Industry Forward Caret-right Fintech Regulations in the Crosshairs: Looming Requirements and How to Prepare for the Knowns (and Unknowns) of Compliance Caret-right Where Investors Are Placing Their Bets: The Latest on Fintech Valuation, Investment Decision-Making and Risk Mitigation Caret-right Bank Chartering Choices: Navigating the Pros and Cons of Fintech/Bank M&A and Agencies Caret-right The Present and Future of Cryptocurrency Regulation: How Fintech is Navigating an Uncertain Landscape of Risk

Supporting Sponsors:

Associate Sponsor:

Executive Sponsor:

» Nuula

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AmericanConference.com/PaymentsFinTech • 888 224 2480

Part of C5 Group’s FINANCIAL COMPLIANCE GLOBAL SERIES

DISTINGUISHED SPEAKER FACULTY INCLUDES: Gregory Caminneci Marketplace Lending and Strategic Partnerships Cross River Bank

 Who Will You Meet?

CHEVRON-RIGHT Federal and State Regulatory and Enforcement Officials CHEVRON-RIGHT Financial Products, Payments, FinTech, and Retail Professionals, including: y General Counsel y CEOs y CCOs y Compliance Counsel y Product Managers y Risk Officers/ Managers y AML Counsel y Privacy Officers y Data Security Officers y Analysts

CHEVRON-RIGHT Private Practice Attorneys Specializing in: y FinTech y Payment Systems y Virtual/Digital Currencies y Financial Services Regulatory Compliance y Banking Law y Prepaid Cards y AML Compliance y Privacy/Data Security y Advertising and Marketing Law

Chris Daniel Partner Paul Hastings, LLP

Anna Novoseletsky Vice President and Associate General Counsel Discover Financial Services

Sulejman Dizdarevic Director & Senior Counsel, Fintech & Payments Discover Financial Services

Rusty Pickering President and Chief Operating Officer Ingo Money Inc.

Eric Goldberg Partner, Consumer Financial Services Akerman LLP

Silvio Piserchia Global Segment Lead, Fintech and Digital Mastercard

Melissa Baal Guidorizzi Former Senior Counsel for Policy and Strategy, Office of Enforcement, CFPB; Counsel O’Melveny & Myers LLP

Laurel Loomis Rimon Partner Paul Hastings, LLP

Marina Gracias General Counsel Varo Bank Charles Humphreville Counsel Ropes & Gray LLP Aleem Jackson Senior Vice President, BSA/AML Head Axiom Bank Kate Karas General Counsel Chime Rob Kashtan Senior Vice President & General Counsel Alliance Data Card Services Philip Keitel Associate General Counsel & Vice President The Clearing House Ed Koellner Senior Counsel, Payments and Fintech USAA Rob Lavet General Counsel SoFi Andrew Lorentz Partner Davis Wright Tremaine LLP

Media Partner:

2 | #ACIFinTech

Don Mosher Partner Schulte Roth & Zabel LLP

Martin Ruhaak Partner Ropes & Gray LLP Jesse Silverman Chief Legal Officer Nuula Gary Stein Chief Product & Compliance Officer Opy USA Laurie Sellick Tauberg Managing Counsel, Product & Regulatory Affirm Dondrey Taylor Chief Technology Officer Capway, Inc. Barrie VanBrackle Partner Latham & Watkins LLP Adam VanWagner General Counsel MoneyLion Thomas G. Ward Former Enforcement Director, Office of Enforcement, CFPB; Partner Sidley Austin LLP Efrat Yellin Chief Financial Officer Opy USA

Smitha Mortis General Counsel Branch

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DAY ONE Wednesday, May 18, 2022 7:30 | Registration and Continental Breakfast 8:30

Co-Chairs’ Opening Remarks Microphone-alt Sulejman Dizdarevic, Director & Senior Counsel, Fintech & Payments, Discover Financial Services Andrew Lorentz, Partner, Davis Wright Tremaine LLP

10:30 | Extended Networking Break 11:00

Planting the Seeds for the Next Phase of Fintech Firms Speakers Include: Microphone-alt Silvio Piserchia, Global Segment Lead, Fintech and Digital, Mastercard From disruptive threat to enabling partner, fintech firms are entering a new phase. Investor scrutiny, continued consolidation, and global expansion are setting in and firms need to move beyond the sizzle—and towards sustainability in an increasingly competitive marketplace. This session will delve into what it will take for the modern fintech to deliver.

11:45

8:45

Navigating the Rapidly Evolving Fintech, AI, DeFi Landscape: How the Most Impactful Innovations Will Drive the Industry Forward Speakers Include: Microphone-alt Ed Koellner, Senior Counsel, Payments and Fintech, USAA Moderator: Charles Humphreville, Counsel, Ropes & Gray LLP • What are the key innovations in the fintech space —and what are their legal implications going forward?

• AI-driven sentiment analysis: » The next frontier of fintech innovation? » What are the ethical and regulatory compliance dangers surrounding this increasingly prevalent technology?

• How Distributed Finance (DeFi) could trigger the Bank Secrecy Act (BSA), Anti-Money Laundering Act (AML) and Commodities Exchange Act • Distributed autonomous organizations: What can be learned from Wyoming’s state Bill 38 • Blockchain: Sales, securities, BSA/AML, OFAC, taxation, licensing, and cross-border regulatory trends 9:30

Fintech Regulations in the Crosshairs: Looming Requirements and How to Prepare for the Knowns, and Unknowns, of Compliance Microphone-alt Jesse Silverman, Chief Legal Officer, Nuula Melissa Baal Guidorizzi, Former Senior Counsel for Policy and Strategy, Office of Enforcement, CFPB; Counsel, O’Melveny & Myers Laurel Loomis Rimon, Partner, Paul Hastings, LLP Thomas G. Ward, Former Enforcement Director, Office of Enforcement, CFPB; Partner, Sidley Austin LLP Gary Stein, Chief Product & Compliance Officer, Opy USA • How soon will the CFPB adopt a rule for consumer data security access and privacy?

• CFPB clamp down on big tech’s payment system plans • CFPB orders for information about the business models of big BNPL players: Is this order a harbinger of more permanent BNPL scrutiny?

• CFPB’s seeking public input on junk fees • The Bureau’s “Compliance Aid”: Will provisions of Reg E in the Compliance Aid be applied to prepaid accounts and digital wallets?

• CBDCs: How should central banks, particularly the Federal Reserve, issue and monitor these digital currencies?

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Where Investors Are Placing Their Bets: The Latest on Fintech Valuation, Investment Decision-Making and Risk Mitigation Microphone-alt Moderator: Martin Ruhaak, Partner, Ropes & Gray LLP • Will the number of fintech startups continue to exceed even 2021 expectations?

• Fintech IPOs and SPACs that are making waves in 2022 • The relentless rise of BNPL. Should investors focus on the payments sector, rather than lending firms?

• Big tech M&A outlook: What will become of the FTC and DOJ’s plans to rewrite merger guidelines?

• Non-fungible tokens (NFTs): Growth opportunities • What does the extraordinary influx of new market entrants do to the trajectory of fintech investment as a whole?

• Are there any signs that fintech is in an investment bubble about to pop?

12:45 | Networking Lunch 2:00

SPECIAL ADDRESS: Global Sanctions and their Impact on the Payments Sector Microphone-alt Anna Novoseletsky, Vice President and Associate General Counsel, Discover Financial Services 2:30 CASE STUDIES

The Most Promising Partnerships Between Fintech and Banking: Courting the Right Collaborator and Avoiding Regulatory Compliance Pitfalls Microphone-alt Gregory Caminneci, Marketplace Lending and Strategic Partnerships, Cross River Bank Efrat Yellin, Chief Financial Officer, Opy USA Gary Stein, Chief Product & Compliance Officer, Opy USA Rusty Pickering, President and Chief Operating Officer, Ingo Money Inc. Dondrey Taylor, Chief Technology Officer, Capway, Inc. During this highly anticipated session, hear from industry stakeholders on what the most promising partnership models are that can take the bank/ fintech combination to the next level. Through a series of short case studies, the expert speakers will take you through the real-world considerations that are shaping the future of partnerships and associated regulatory risk management.

AmericanConference.com/PaymentsFinTech • 888 224 2480

Part of C5 Group’s FINANCIAL COMPLIANCE GLOBAL SERIES

3:45 | Networking Break 4:00

Bank Chartering Choices: Weighing the Pros and Cons of Fintech/Bank M&A and Agencies Microphone-alt Rob Lavet, General Counsel, SoFi Don Mosher, Partner, Schulte Roth & Zabel LLP Kayce M. Seifert, Regulatory Counsel (Square), Block, Inc. The trend of fintech companies seeking or acquiring U.S. banking licenses continues to build momentum, furthering the convergence of fintech and banking. Eliminating the need for partner banks means fintech companies can directly access lower-cost deposit funding and become their customers’ true provider of more financial services than ever.

Topics will include: • Comparing the advantages and disadvantages of the two types of available charters • Pros and cons of OCC limited charters: Single regulatory framework, but no insured deposits • An alternative: Exploring the potential viability of an FDIC ILC, which brings the insured deposit advantage 5:00 CASE STUDY

A Closer Look at Varo Bank’s OCC Charter Journey Microphone-alt Marina Gracias, General Counsel, Varo Bank Varo is the first challenger bank to obtain a national bank charter from the Office of the Comptroller of the Currency (OCC). What was the approval process like? How has the charter expanded Varo Bank’s services? Learn how this charter has marked an evolution in banking and a new generation of banks, born from innovation.

5:30 | Close of Day One

DAY TWO Thursday, May 19, 2022 7:30 | Registration and Continental Breakfast 8:30

Co-Chairs’ Opening Remarks Microphone-alt Sulejman Dizdarevic, Director & Senior Counsel, Fintech & Payments, Discover Financial Services Andrew Lorentz, Partner, Davis Wright Tremaine LLP 8:35

General Counsel Perspectives: Big Picture Insights on Legal and Regulatory Risks at the Forefront Microphone-alt Kate Karas, General Counsel, Chime Adam VanWagner, General Counsel, MoneyLion Hear two different General Counsel points of view on developing legal frameworks that can evolve to match a bevy of emerging legal risks amid extraordinary market advancement.

9:30

The Present and Future of Cryptocurrency Regulation: How Fintech is Approaching an Uncertain Landscape of Risk Microphone-alt Chris Daniel, Partner, Paul Hastings, LLP Eric Goldberg, Partner, Consumer Financial Services, Akerman LLP Philip Keitel, Associate General Counsel & Vice President, The Clearing House The year 2021 was a transformative year for finance, and 2022 is shaping up to bring more change. Which digital assets will be considered securities?

Which regulatory body will oversee cryptocurrency? What will drive, or hold back, the emergence of cryptocurrency in the world of fintech?

During this session, experts will address key topics, including:

Venue Information Intercontinental New York Times Square Address: 300 West 44th Street and 8th Avenue New York, NY 10036 Telephone: 888-465-4329

• The SEC’s initiatives to protect investors, including the potential monitoring of crypto exchanges and Bitcoin exchange traded funds (ETFs) that would be subject to strict mutual fund rules • Anticipating the AMLA’s impact on the digital money industry and companies’ plans to launch their own crypto currency • The Federal Reserve, FDIC, and OCC scramble to get up to speed. What have their “policy sprints” revealed and what guidance is being given?

• Can regulation boost stablecoin innovation?

10:30 | Networking Break

American Conference Institute is pleased to offer our delegates a limited number of hotel rooms at a negotiated rate. To take advantage of these rates, please contact the hotel directly and quote “ACI’s Fintech”.

Please note that the guest room block cut-off date is April 27, 2022. After that date OR when the room block fills, guestroom availability and rate can no longer be guaranteed.

4 | #ACIFinTech

twitter: @ACI_Finance linkedin: Financial Services – Legal, Regulatory and Compliance Professional

10:45

11:45

AML/KYC: Real-World Examples of the Latest Program Upgrades and Back Office Best Practices

How BNPL and EWA Operations are Unfolding Amid Anticipated New Compliance Requirements

Microphone-alt Aleem Jackson, Senior Vice President, BSA/AML Head, Axiom Bank Barrie VanBrackle, Partner, Latham & Watkins LLP The same “frictionless” signup and ease-of-use features that make digital banks appealing to customers have given nefarious actors an opening to exploit vulnerabilities. FIs are continuing to adjust their AML and KYC efforts, but compliance fines are mounting and new, emerging risk factors are coming to the forefront. During this panel, learn how the industry is upgrading policies, processes, screening and more:

Microphone-alt Rob Kashtan, Senior Vice President & General Counsel, Alliance Data Card Services Smitha Mortis, General Counsel, Branch Laurie Sellick Tauberg, Managing Counsel, Product & Regulatory, Affirm

• Taking KYC virtual and widening the scope of approvals

Buy Now, Pay Later (BNPL) and Earned Wage Access (EWA) financial services are making headlines as a great option for consumers looking to acquire more flexibility over their spending. During this session, learn how tech-savvy fintechs and banks are optimizing BNPL/EWA operations and how regulators are introducing new compliance requirements.

• Safer mobile banking for customers using ID, phone camera and facial recognition software

12:30 | Close of Conference

• FinCEN aims to get non-banks/neobanks onboard with prioritizing antifraud and AML efforts: FinCEN’s BSA and AML/CFT National Priorities • FinCEN’s New Corporate Transparency Act: Beneficial Ownership Reporting Requirements • How AI has simplified the process of reviewing criminal registries and denying fraudulent user access • How watchlist screening can minimize the cost of compliance

Upcoming Events

June 15–16, 2022 | Toronto, ON

November 22–23, 2022 | Toronto, ON

Supporting Sponsors: Ropes & Gray is a preeminent global law firm with approximately 1,400 lawyers and legal professionals serving clients in major centers of business, finance, technology, and government. The firm has offices in New York, Boston, Washington, D.C., Chicago, Los Angeles, San Francisco, Silicon Valley, London, Hong Kong, Shanghai, Tokyo and Seoul, and has consistently been recognized for its leading practices in many areas, including private equity, M&A, finance, asset management, real estate, tax, antitrust, life sciences, health care, intellectual property, litigation & enforcement, privacy & cybersecurity, and business restructuring.

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As one of the leading law firms serving the financial services industry, Schulte Roth & Zabel has a multidisciplinary practice with an international clientele.

With offices strategically located in New York, London and Washington, DC., we regularly advise on investment management, corporate and transactional matters as well as provide counsel on securities regulatory compliance, enforcement, investigative issues and targeted specialty areas.

AmericanConference.com/PaymentsFinTech • 888 224 2480

Part of C5 Group’s FINANCIAL COMPLIANCE GLOBAL SERIES

Planning Ahead for Live Conferences: C5’s All Secure Safety Plan As American Conference Institute and our partners plan for in-person events, we are committed to building and enhancing the planning and preparation with a view to offering our guests a safe place for live conference delivery. In addition, to ensure your safety, our event staff is fully vaccinated.

All our events will adhere to official government and local authority guidance in addition to venue or location-specific regulations, and will follow the commitments below.

Attendance Screening All attendees will need to assert that at the time that they first attend the conference and for the 14 days prior: y Have not experienced any COVID-19 symptoms now or within the last 14 days. y Have not had close contact with any person with or suspected of having COVID-19 within the last 14 days. y Have not had a positive COVID-19 test within the last 14 days. y Have not been advised by any health authority, government agency or regulatory body, within the last 14 days, to self-isolate due to possible exposure to COVID-19.

Link to COVID-19 symptoms: https://www.cdc.gov/coronavirus/2019-ncov/symptoms-testing/ symptoms.html We are closely monitoring industry best practices and will be evaluating further additional measures pertaining to vaccinations and on-site screening based on the advice of health authorities.

Enhanced Communication y Advance communication to all attendees on what to expect and prepare for at the conference: from registration to conference materials to room layout to food and beverage options and more. y Education and training for the team to ensure we provide a safe and secure conference experience. y Distribution of local health-resource information in advance of the event. y Ongoing communication and advance planning with the venue regarding enhanced cleaning and sanitizing measures, response strategies and other onsite protocols.

Increased Cleaning and Sanitation y Placement of hygiene stations throughout the conference including the registration area, meeting spaces and high frequency areas. y Availability of personal hygiene and safety products including facial coverings where available.

Safety and Physical Distancing y Physical distancing protocols such as limiting attendance, directional signage and markers throughout the conference.

Reduced Touchpoints

y A conference room layout with planned seating for appropriate physical distancing.

y Reduction of the physical distribution of onsite materials.

y We continue to work closely with our venue partners to ensure the safety of our attendees. Please check back frequently as we monitor and evolve our plan in the weeks ahead.

6 | #ACIFinTech

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