DTCC Connection

Feb 16, 2017 • DTCC Connection

DTCC 2017 Fintech Symposium: The Intersection of Transformative Technology and Post Trade

By Joseph King

DTCC 2017 Fintech Symposium: The Intersection of Transformative Technology and Post TradeBringing together industry thought leaders, technology experts and policy makers, The Depository Trust and Clearing Corporation (DTCC) will host the 2017 DTCC Fintech Symposium: The Intersection of Transformative Technology & Post Trade. The event will take place March 1 at the Grand Hyatt New York.

The 2017 Symposium builds upon the dialogue from previous DTCC conferences – the Disruptive Technologies Forum 2016 (London), co-sponsored by DTCC and the Centre for the Study of Financial Innovation, and the 2016 Blockchain Symposium (New York). This year’s event will focus on the impact transformative technologies such as distributed ledger, robotics, machine learning and cloud computing, will have on the post-trade ecosystem, market structure and market practices. The symposium will also provide a forum to discuss regulatory and policy objectives and their impact on the financial services industry.

Click here to learn more about the 2017 DTCC Fintech Symposium

“This Symposium offers a platform for industry leaders to exchange views on how Fintech innovations can reshape the existing financial industry infrastructure,” said Michael Bodson, DTCC President and CEO. “Collaboration is essential to aligning new technologies with our core principles of mitigating risk, enhancing operational performance and driving cost efficiencies for clients, and forums like this serve as an incubator for innovative ideas.

“We look forward to continuing the dialogue with industry and technology leaders to discuss the role of emerging technology in the global financial marketplace,” Bodson said.

Keynote Conversation: Banking System Innovations

Thomas J. Curry, Comptroller of the Currency, the Office of the Comptroller of Currency (OCC), The U.S Department of the Treasury, and Mark Wetjen, DTCC Managing Director and Head of Global Public Policy, will discuss the OCC’s vision for responsible innovation in the federal banking system. The pair will also speak about the principles that guide the development of the OCC’s framework for evaluating new and innovative financial products and services.

Watch the video: Has Blockchain Technology reached a Tipping Point?

A Look at Lessons Learned

Slated for the first session of the day is a panel of experts who will look beyond the hype of distributed ledger technology (DLT) and reveal some of the lessons learned during the past year. Jesse McWaters, Project Lead, Disruptive Innovation in Financial Services at the World Economic Forum will serve as panel moderator. Joining McWaters are confirmed speakers: Jennifer Peve, DTCC Executive Director, Office of Fintech Strategy, Emmanuel Aidoo, Head of Blockchain and Distributed Ledger Strategy, Credit Suisse, Brian Behlendorf, Executive Director, Hyperledger, Todd McDonald, Co-Founder & COO, R3, and Chris Church, Chief Business Development Officer, Digital Asset.

Technology 2021 & Beyond: Big Picture Thinking

Bodson and Bridget van Kralingen, Senior Vice President, IBM, will have a conversation about the impact of transformative technology on the post-trade ecosystem and how to navigate current and future technology waves. van Kralingen leads a new IBM business created in August 2016 to build a range of strategic business and technology capabilities designed as cloud platforms and solutions.

Watch the video: When Will Machine Learning Reach a Tipping Point?

Unlocking the Power of Robotics

Developing an enterprise strategy using the power of robotics, machine learning and automation in finance is the topic of a panel that will be led by Robert Garrison, DTCC Managing Director and Chief Information Officer. Joining Garrison will be James Lee, DTCC Managing Director, Chief Technology Officer, Enterprise Infrastructure, Roger Park, Partner / Principal, Strategy and Innovation Leader, Financial Services, Ernst & Young LLP, and Christopher Surdak, JD, Author and Technology Expert.

Watch the video: Is Cloud Computing at a Tipping Point?

Leaping into the Cloud

Increased agility, scalability, security and reduced costs are among the most universally recognized benefits of cloud computing technology, which enables companies to store and access data held on remote servers rather than on local ones or hard drive. In fact, cloud computing is a potential game changer for many business models, including financial services infrastructures. DTCC utilizes the Amazon Web Service Cloud for real-time swaps data reporting at a monthly cost of only a few thousand dollars – a major achievement that saved the firm millions of dollars by eliminating the need to buy, build and maintain internal servers, storage and security structures.

Robert Palatnick, DTCC Managing Director, Chief Technology Architect, will moderate a panel on this topic and be joined by Saman Michael Far, Senior Vice President, Technology, FINRA, and Scott Mullins, Head of Worldwide Financial Services Business Development, Amazon Web Services.

For more information and to register, go to 2017 DTCC Fintech Symposium.

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