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Cybersecurity in the digital age

Revolutionizing cybersecurity innovation

Cyber-attacks are becoming more numerous, more frequent and existentially more threatening and they continue to rise rapidly by the day. Hackers and cyber-attackers are enhancing their ammo and technique at a much faster rate than security teams can keep up, and every year passes their methods grow more advanced and aggressive. Financial institutions are facing an unimaginable threat from cyber-attacks, which can take many different forms across the massive range of channels. Cyber-attacks have moved from infiltrating bank’s systems or its clients to a much sever and damaging approaches, as the new generation of attackers are no longer interested in stealing funds and companies’ information. Instead, their aim have shifted to infiltrating and manipulating not just companies but the entire ecosystem.

With such increasing threats from the cyber-crimes, financial institutions are forced to spend even more than they have intended to in the past years to overcome this outgrowing phenomenon that might affect the whole ecosystem if left untreated. Banks, for example, must devote significant investments in securing their internal, online and digital frameworks, as those who want to find the weaknesses are getting smarter, efficient and more vicious. Hence, regulators are obliged to concentrate all their efforts on undertaking systemic cyber risk management protocols across all frameworks for banks, organizations, and third parties.

In other words, banks and financial institutions must invest heavily in both systems and manpower to maintain permanent cyber-protection modules to ensure constant improvement for the used measures like machine learning (ML), artificial intelligence (AI) and big data are increasingly deployed to improve the detection of suspicious transactions. Since combining strong identification and authentication methods with AI and ML, can help banks navigate through large amounts of data in real time and identify suspicious transactions.

It can be eye opening and frightening to see how quickly devices that we rely on daily with our most sensitive information can be breached. It is also discerning how even large companies, such as Equifax, became victims of hackers and what that means for the customers and the company. We will hear the lessons learned from large companies that have been breached and will evaluate the effectiveness of the applied crises management strategies. We will also look at international criminal schemes that aim to harm the financial industry and hear from the regulators on the increased need for data privacy. This is a very hands-on conference track where delegates witness and interact directly with industry practitioners; and through leaders, learn practical insights that can be applied in your own institutional environment.

Key focus areas:

 

Zero Trust model to identify and eliminate potential threats

 

Pros and cons of artificial intelligence (AI) in the cyberspace

 

Maximising the value of AI, Automation, and Machine learning

 

New tactics and techniques to overcome cyberwar

 

Data protection legislation wide adoption to cope with the digital age

 

The rapid gain pace of cloud and DevOps transformations

 

Emerging security technologies in the rise of cyber-attacks

The Future of Finance Summit 2019
Cybersecurity in the digital age – Day 2, 31stMay 2019

08:00 – 09:00

Registration and morning networking

09:00 – 10:30

Opening keynote

Intelligence and the future of cybersecurity

Today's digital world is controlled by mobile, social networks, cloud computing, analytics (AI and ML) and, increasingly, the Internet of Things (IoT). These technologies are likely to merge into an AR/VR-mediated 'ambient' era, after which we're probably looking at the incorporation of nanotechnology into human bodies and brains (the 'cyborg' era?). In this session we will discuss the impact of implementing latest innovations affecting the security of financial services industry.


  • How brain passwords could be the future of cybersecurity?
  • Brain waves replacing passwords and unlocking future smartphones
  • How biometrics are vulnerable to data breaches? - brain passwords are secured
  • Will AI-driven chatbots go rogue?
  • Is internet of things (IoT) secured where everything is connected and vulnerable?
  • IoT security evolution utilizing AI and ML to avoid IoT-powered threats “DDoS attacks”
  • From blocker to an enabler - the key of transforming to cloud and DevOps

10:30 – 11:00

Network coffee break

11:00 – 12:00

Creating disruptive models to fight cyber-attacks and fraud

As cyber-attacks increase globally, the financial services industry suffers the most from cybercrimes. Hence, financial institutions are increasing the investments in security systems, since it’s crucial to use resources where they count most these days, while recognizing that cyber fraud is dynamic and active. In this session, we will identify the best practices in creating effective disruptive models, tactics, and techniques to overcome cyberwar.

  • Eliminating authentication risks to mitigate account takeover and fraud
  • How to scale ID authentication with machine learning?
  • How customerscan make secure transactions across multiple online accounts through a single registered identity?
  • Real-time transaction alerts and payment data protection against fraud – can zero trust cloud security model help?
  • Utilising machine- learning and artificial intelligence (AI) to differentiate fraudulent from non-fraudulent transactions
  • • Mitigating current systems to get alerted when FIs information discovered on deep-web


12:00 – 13:00

Networking lunch

13:00– 14:15

Can ethical hackers help FIs to improve their security systems?

Ethical Hacking - unfamiliar term for most people but it became an unprecedented terminology that’s very essential in fighting cyber-crimes. Ethical Hackers (White hat hackers) are tech professionals who use their set of hacking skills to improve security by exposing vulnerabilities before malicious hackers (known as black hat hackers) can detect and exploit them. Currently everything based on technology and especially financial institutions are in desperate need for such players to help them overcome the escalating dangers of cyber-crimes that take a new shape or form every day. The latest form cyber-crimes are taking is “Deliberate bias” which means that hackers attack AI by intentionally tampering with technological algorithms and introducing bias to them, hence manipulating the whole system. In this session we will interview on stage one ethical hackers and get answers on the below questions.

  • How to defend against social engineering, data loss?
  • The transition to digital banking, is it more secure or more vulnerable?
  • What is the weakest layer in security systems?
  • Advanced technologies are giving more advantage to hackers?
  • Is it essential for CIOs to actively communicate with ethical hackers?
  • What does “Deliberate bias” means?
  • What counter measures that financial institutions should adopt to avoid “Deliberate bias”?

14:15 – 15:15

Current and future implementation challenges on regulations and its impact on the future of finance

With the rising of advanced technologies wide adoption, the regulators are trying to stay ahead of the game. Meanwhile, banks are utilizing the technologies offered by Fintech firms to remain competitive and to adhere compliance. In other words, financial institutions will be forced to set in motionseveral international regulations so that they can matchconsumers’ expectations, adhering compliance and, competing against everyone offering financial services. In this session we will discuss the future impact of adopting General Data Protection Regulation GDPR on data security, and the implementation of Revised Payment Service Directive (PSD2) on the payments value chain and other regulations on the future of finance and how these regulations impose significant operational and technological changes to banks and their vendors requiring to open banks’ APIs to third party providers?


  • Automation to adhere GDPR regulations and the rise of compliance-as-a-service providers
  • Encryption and tokenizationaided in compliance to data privacy and security regulations
  • How banks can overcome the substantial economic challengesposes by PSD2?
  • PSD2 legislation - moving from banks to banking and the role of non-bank in the future of financial landscape

15:15 – 15:45

Network coffee break

15:45 – 17:00

Day 2 - Closing keynote

Re-inventing finance for the digital age

New technology is upending everything in finance, from saving to trading to making payments. The slow, fee-heavy ways of doing things are giving way to automated, AI-enabled services from nimble fintech upstarts. And some of the most innovative mobile and online financial services are taking emerging markets by storm, bringing millions into the formal financial system for the first time.


  • What sorts of innovators can flourish in this rapidly changing world?
  • How can we be prepared for all of the changes in this fourth industrial revolution?
  • Are we ready for new tech to take over the financial services industry?

18:00

End of day 2

08:00

Registration and Morning Networking

08:30

Opening Keynotes

The State of the Industry: Collaboration and competition in the peer-to-peer world
Ron is leading America's first peer-to-peer lending platform with more than two million members and over $4 billion in funded loans. He will take us on a discussion of the evolution of the peer-to-peer industry and why collaboration and diversification is so important.
Ron Suber, President, Prosper Marketplace

Successfully Harnessing Fintech to Advance Online Marketplace Lending in China and Beyond
As we are seeing an enormous emergence of new players in the alternative finance industry, having a leading edge is crucial. Soul, who leads the world's largest benchmarking peer-to-peer company and which won the prestigious Technology Pioneer Award at the 2011 World Economic Forum will bring us on a journey on how he took on the challenge of competing in the biggest peer-to-peer market in Asia and rising as one of the best.
Soul Htite, Co-Founder of Lending Club, Founder and CEO, Dianrong.com

Keynote Dialogue:
Payment (R)evolution - Forging Ahead, Building Communities

Discussing which technology platforms, message standards, interoperability frameworks and business models will emerge as the leading next generation payment winners

Speakers/Panellists include:

  • Joel Yarbrough, Head,Corporate Development & Payments, Grab
  • Alvin Wong, Head of Regional Products, Samsung Pay
  • Rakesh Krishnamuti, Head of Large Enterprise Acquisition and Relationship Management, SEA, PayPal
Chaired by Emmanuel Daniel, Chairman & co-chaired by Gordian Gaeta, International Resource Director, The Asian Banker

10:30

Networking Break

11:00

Where Banks Fear to Tread - Providing Market Access and Credit to a Growing ASEAN Region through Non-banks and P2P Technology

  • Access: How non-banks, P2P and crowd financing platforms even out the barriers of entry to banking service
  • Overhauling credit assessment: Does the market need an alternative means of credit scoring rather than conservative banking models?
  • Tapping into excess wealth in Asia and channeling it towards unbanked sectors

Speakers/Panelists include:

  • Jinesh Patel, Partner, Dymon Asia
  • Mohammed Abas, Co-Founder, One Lyst
  • Jefferson Chen, CEO, Advanced.ia
  • Greg Krasnov, MD, Forum Capital

Chaired by Sam Ahmed, MD, Deriv Asia

12:00

Luncheon

13:30

From Enterprise hosting to Cloud - Is this the Future of Banking Technology?

  • From enterprise hosting to cloud services: Will banks go lean towards a plug and pay model?
  • Why most banks are looking to move their treasury businesses to cloud by 2020.
  • Vendors disrupted: Why traditional vendors need to reinvent their models and move towards leaner and agile offerings

Speakers/Panelists include:

  • Nick Walton, Head of ASEAN, Amazon Web Services
  • Karim Chabane, Director, Collateral Services, Citi
  • ChiouHao Chan, APAC MD, Mambu

Chaired by Conor Cunningham, CEO, ACUO

14:30

Cryptocurrency or Digitalized Assets on Blockchain- How are Banks and Authorities Reacting in Asia?

  • Are crypto currencies making a comeback?
  • Are financial institutions in Asia ready to use Blockchain: Where is the lowest hanging fruit?
  • Blockchain and existing infrastructures: What happens to custodians after blockchain is implemented?

Speakers/Panelists include:

  • Mike Kayamori, CEO, Quoine Corporation
  • Marcelo Garcia Casil, CEO, DX Markets
  • Ganesh Iyer, SVP, Product Development, HSBC Securities Services
  • John Bailon, CEO, Satoshi Citadel Industries, Philippines
  • R Vivekanand, VP & Co-Head, TCS Financial Solutions

Chaired by Thomas McMahon, CEO, Pan Asia Clearing Enterprise

15:30

Networking Break

16:00

Closing Re-Imagination Session

Reimagining the future of money
Based on all that has been discussed in this Summit, Emmanuel Daniel and Gordian Gaeta will lead the entire conference in re-imaging what the successful financial institution should look like. A session not to be missed.

Imagination Panel

  • David Shrier, Founder and New Ventures, Massachusetts Institute of Technology (MIT)
  • Janos Barberis, Founder, SuperCharger and FinTech Hong-Kong, Co-editor of the FinTech and RegTech Book

Chaired by Emmanuel Daniel, Chairman & co-chaired by Gordian Gaeta, International Resource Director, The Asian Banker

17:00

Close of Conference Day Two

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Featured keynote speakers from 2017

  Featured speakers from 2017

  Moderators

Who will attend?

The programme is designed for senior executives from:

  • Risk management, Compliance, AML
  • Technology, operations, data and analytics
  • Cybersecurity, Digital banking and channels
  • Providers of alternative financial services

For more details, please contact:

Essraa Mansi,Programme Manager

(+971) 4427 3649

emansi@theasianbanker.com

Please submit the required information in order to reserve your seat in The Future of Finance Summit.

We will contact you shortly with the registration confirmation and more exciting details!