Fintech industry dialogue

Welcome and introduction

Patrick Amis, Director General Microprudential Supervision III

Topics for discussion

Keynote speech

Peter Kerstens, Adviser in the Directorate-General for Financial Stability, Financial Services and Capital Markets Union, European Commission

Session 1: Panel discussion
Credit scoring using AI, ML and big data

Participants will discuss their experience of using artificial intelligence, machine learning and big data in the context of credit scoring. In particular, they will consider the impact these technologies have on their business models and in terms of governance arrangements and potential new risks. They will provide input on the proposed areas of supervisory focus.

Moderator: Wallace Young, Director Financial Institution Supervision and Credit, Federal Reserve Bank of San Francisco

Panellists:

• Alain Charmant, Directeur Stratégie & Projets, Credit Agricole
• Frederic Romont, Senior Expert, National Bank of Belgium
• Giacomo Caviglia, Head of Division in the Directorate General Microprudential Supervision III, ECB

Session 2: Panel discussion
Robo-advisory services

Participants will discuss their experience of using robo-advisory services, with a focus on the implications for business models, client base and further governance arrangements. They will provide input on the proposed areas of supervisory focus.

Moderator: Katherine Browne, Manager Advice Unit, Innovate, Strategy & Competition Division, Financial Conduct Authority

Panellists:

• Francesco Plini, Head of Investments and Insurance, Banca Sella
• Jason Kenny, Senior Risk and Inspections Specialist, Central Bank of Ireland
• Mauritia de Vries Robles-Kroon, Principal Supervisor in the Directorate General Microprudential Supervision III, ECB

Session 3: Panel discussion
Cloud computing

Participants will discuss their experience of using cloud computing and in particular outsourcing to cloud service providers. They will focus on governance arrangements, vendor lock-in management and concentration risks. They will provide input on the proposed areas of supervisory focus.

Moderator: Claudia Guagliano, Team Leader Innovation and Products, European Securities and Markets Authority

Panellists:

• Markus Gunter, CEO, N26 Bank GmbH
• Alexandre Delen, Managing Director, Bank Delen
• Witte Wijsmuller, Policy Officer in the Directorate-General for Communications Networks, Content and Technology, European Commission
• Claus Sengler, Adviser in the Directorate General Microprudential Supervision IV, ECB

Closing and discussion of next steps

Patrick Amis, Director General Microprudential Supervision III

Key conclusions of the industry dialogue and exchange of views regarding next steps

Welcome and introduction

Patrick Amis, Director General Microprudential Supervision III

Topics for discussion

Keynote speech

Wallace Young, Director Financial Institution Supervision and Credit, Federal Reserve Bank of San Francisco

Session 1: Panel discussion
Credit scoring using AI, ML and big data

Participants will discuss their experience of using artificial intelligence, machine learning and big data in the context of credit scoring. In particular, they will consider the impact these technologies have on their business models and in terms of governance arrangements and potential new risks. They will provide input on the proposed areas of supervisory focus.

Moderator: Piers Haben, Director of Banking Markets, Innovation and Consumers, European Banking Authority

Panellists:

• Praveen Khurana, Global Head – Retail Credit Risk & Erkan Mazi, Head of Credit Decision Models, ING
• Cyprian Smits, Manager Data Science & Business Consulting, Rabobank
• Patrick de Neef, Chief Innovation Officer, De Nederlandsche Bank
• Giacomo Caviglia, Head of Division in the Directorate General Microprudential Supervision III, ECB

Session 2: Panel discussion
Robo-advisory services

Participants will discuss their experience of using robo-advisory services, with a focus on the implications for business models, client base and further governance arrangements. They will provide input on the proposed areas of supervisory focus.

Moderator: Katherine Browne, Manager Advice Unit, Innovate, Strategy & Competition Division, Financial Conduct Authority

Panellists:

• Pere Nebot Jose, Chief Information Officer, Caixa Bank
• Nicol La Ciura, Group Head of Wealth Products, MeDirect Bank
• Mauritia de Vries Robles-Kroon, Principal Supervisor in the Directorate General Microprudential Supervision III, ECB

Session 3: Panel discussion
Cloud computing

Participants will discuss their experience of using cloud computing and in particular outsourcing to cloud service providers. They will focus on governance arrangements, vendor lock-in management and concentration risks. They will provide input on the proposed areas of supervisory focus.

Moderator: Peter Kerstens, Adviser in the Directorate-General for Financial Stability, Financial Services and Capital Markets Union, European Commission

Panellists:

• Silvia Senabre López, IT Expert in the Directorate General Supervision, Banco de España
• Markus Gunter, CEO, N26 Bank GmbH
• Claus Sengler, Adviser in the Directorate General Microprudential Supervision IV, ECB

Closing and discussion of next steps

Patrick Amis, Director General Microprudential Supervision III

Key conclusions of the industry dialogue and exchange of views regarding next steps