December 2018

Transcription

1 Beyond CAPITAL MARKETS NEVIS FINANCIAL TRANSFORMATIONAL TECHNOLOGIES SUMMIT HARNESSING THE POTENTIAL, EMBRACING THE FUTURE OF DIGITAL FINANCE December 2018 The Mount Nevis Hotel, Nevis, West Indies

2 Dear Colleagues, As a leading jurisdiction in International Financial Services, Nevis has boasted very distinctive strengths including the availability of highly-skilled talent, tax competitiveness and a strong client focus. However, the pervasive nature of technology in Global Financial Services presents a unique opportunity to usher Nevis into the modern era and stimulate high growth of the international financial services sector in Nevis and the Federation on whole by embracing a culture of financial innovation. The Nevis Financial Transformational Technologies Summit 2018 is designed to prepare IFS service providers today with the knowledge and understanding of the disruptive technological innovations facilitating Digital Finance, empowering them with the capabilities to meet new regulatory challenges and capitalize on new opportunities presented by the fourth revolution. The Summit brings together the world s leading experts in Fintech, Regtech, Digital Assets, Decentralized Ledger Technologies, Regulators and Innovators demonstrating blockchain use cases to deliver actionable tools and strategies to optimize Nevis s existing Financial Services Framework to usher in a new Fintech driven era. The Nevis Financial Transformational Technologies Summit 2018's agenda has been specifically designed to provide relevant and topical educational content for people who deliver financial services from financial intermediaries such as banks, non-banks, credit unions, insurance companies to corporate service providers, lawyers, accountants, trust companies, investment consultants and chartered secretaries. Throughout this streamlined two-day forum, the Nevis Financial Transformational Technologies Summit will offer exclusive access to the leading minds from throughout the Fintech, Digital Finance and Blockchain industry who will in turn provide the latest information and insight on the future of international financial services, cryptocurrency, tokenization, cross border payments, Fourth Revolution Technologies AI, & Blockchain, Crypto hedge fund and Regtech. As Premier and Minister of Finance for the Island of Nevis, I welcome you all to the Summit and would like to thank the Ministry of Finance for their support and service to the Nevis International Financial Services industry, The Nevis Investment Promotion Agency (NIPA), the Nevis Financial Services Department (NFSD) and strategic partners, Beyond Capital Markets for hands on development of the Nevis Financial Transformational Technologies Summit 2018 agenda, sponsor and speaker coordination. Sincerely, Mark A.G. Brantley Premier and Minister of Finance Nevis Island Administration 2

3 DAY ONE Thursday 6th December 2018 : Understanding Fintech & Financial Transformation 8:30 Registration & Welcome Coffee 8:45 Opening Ceremony National Anthem - Instrumental Invocation 9:00 Introduction Mr. Colin Dore, Permanent Secretary, Ministry of Finance, Nevis Island Administration 9:10 Welcome Heidi Lynn-Sutton, Director, FSRC Nevis Branch 9:15 Special Guest Remarks, Hon. Mark A. G. Brantley, Premier & Minister of Finance, Nevis Island Administration 9:30 Key Note Address: Demystifying DLTs & Cryptocurrencies to accelerate Digital Transformation in Financial Services Presentation, Mr. Jeremy Stephen, Finance Expert, Economist and Lecturer University of the West Indies Despite the strict jurisdictions around the Banking sector and Capital Markets, financial institutions have started to realize the potential of blockchain technology seeing the popularity of cryptocurrencies in the current markets. This session provides financial service providers with the basic understanding of blockchain technology and its working. It will explore how Blockchain is useful for the financial services sector and specifically looking at Private wealth, and banking. It will also look at how these technologies are creating opportunities for recreating the Financial World and specifically how Financial Intermediaries in Small Islands States could leverage these technologies for overcoming a number of operational, regulatory and correspondent banking de-risking challenges. 10:15 Navigating International Finance from a Small Islands States Perspective : Challenges, Changes & Transformation Opportunities Key Note Presentation, Targ Patience Group Chief Compliance & Regulatory Officer at Gibraltar Stock Exchange Group 10:45 Q & A & Knowledge Café 11:15 Panel Discussion: Understanding Digital Finance and Transformation Banks and Financial Institutions are challenged by the disruptive nature of financial technologies which are increasing competitive pressures due to new service delivery models and channels. How are new technologies impacting financial services and disrupting existing models? Moderator: Theon Tross Panelists : Alex Straun GenCube Inc., Deon Herbert,Caribe Pay Telly V. Onu, Beyond Capital Markets, Isabel Gumeyi, PWC, 11:45 Q & A & Knowledge Café 12:00 Blockchain & Digital Assets for Financial Intermediaries : Are you Dinosaur? Is the Banking Sector ready for the Revolution? The Role of Digital Identity and Digital Assets in the Banking Sector Presentation Owen Hall, CEO, Heliocor - The Role of Digital Identity in the Banking Sector 12:15 Q & A & Knowledge Café 12:30 LUNCH 3

4 DAY ONE Thursday 6th December Contd. 1:30 Mitigation of De-Risking using DLT In 2017, the Caribbean saw a significant impact in de-risking and some Banks have been heavily impacted by this de-risking. This session will discuss the opportunities for overcoming external correspondent banking and derisking from a regional and international perspective. Panel Discussion Moderator: Theon Tross Panelists : Jeremy Stephen, Economist and Lecturer University of West Indies, Trevor Blake, ECSE, Everette Martin, Bank of Nevis (BON), Isabel Gumeyi, PWC, 2:15. Q & A & Knowledge Café 3:00 Opportunities for Cross Border Payment Innovation In Nevis, Industry participants have experienced 300 percent increase in wire transfer fees from USD100 to USD300 as well as compliance costs increases by approximately 30 percent. The opportunity for Innovations in Cross Border Payments which reduce costs and improve efficiency can increase profits for banks and all service providers on a whole, given that Nevis IFS contributes about 10% of the GDP and 90 percent of offshore transactions are in U.S. dollars. Presentation, Ripple - Tackling Global Cross Border Transactions through Payment Innovations -Ripple Net TBD 3:35. Q & A & Knowledge Café 4:00 Key Take Aways & Recommendations Heidi Lynn-Sutton, Director, FSRC Nevis Branch 4

5 DAY TWO Friday 7th December 2018 : Navigating the Legal & Regulatory Landscape 8:30 Registration & Welcome Coffee 9:00 Welcome Mrs. Joan Browne, Assistant Secretary,Ministry of Finance, Nevis Island Administration 9:15 Cottage or Mansion? Seaside Villa or Hillside Resort? :What architecture will we choose for our digital asset industry? Presentation, Tara Frater, Lex Caribbean Barbados Lex Caribbean Barbados, has been advising institutional clients on the preparation and implementation of a new legal and regulatory framework for digital assets. Our presenter will share critical insights on experiences in the region and options for architecting a new legal and regulatory framework in Nevis. 10:00 Q & A & Knowledge Café 10:30 Blockchain, the Crypto Economy & Economic Development Presentation, M. Slaughter - BeyondX Alternative Investments Presentation, Oleg Sharpartiy, W12.io, Blockchain for Sustainable Development & Escrow Services Presentation, Tavonia Evans, Founder, GuapCoin, Community Driven Digital Assets as a Path to Mass Adoption 11:15am Q & A & Knowledge Café 11:30am Crypto Funds, Tokenization of Assets and Security Token Offerings - An International Financial Opportunity A look at emerging business models and opportunities for International Financial Services Provision and corporate structuring for ICOs, Exchanges and STOs. Presentation, Telly V. Onu, Beyond Capital Markets 12:30 Q & A & Knowledge Café 12:45pm. Lunch 5

6 DAY TWO Friday 7th December Contd. 1:45 Designing a Robust Legal and Regulatory Framework, The Nevis Experience This session will look at the work currently being done in Nevis to architect a regulatory regime to facilitate Fintech, Digital Assets and the Crypto Economy. Presentation Jonathan Gopman, Akerman 2:00 Anguilla Utility Token Act (AUTO) One jurisdiction within the Eastern Caribbean Currency Union (ECCU) saw a clear opportunity to grow their International Financial Sector by creating a new regulatory regime that attracts new business to their jurisdiction. Anguilla, was the first in the world to create a legal framework to support businesses with legitimate use cases for Utility Tokens to raise financing using initial coin offerings. This session will look at the Anguilla Utility Token (AUTO) Act as a model and best practice for the region. Presentation Ravi Bahadursingh, Chauncery Law Firm, Anguilla 2:45 Q & A & Knowledge Café 3:00 Future Proofing Compliance with Regtech - responsibility and response-ability Presentation, Isabel Gumeyi, PWC Cayman Islands : Using Regtech for Risk & Compliance Presentation, Owen Hall, CEO, Heliocor. & Vikas Vikas Tripathi Managing Director, Heliocor - Using Decentralized Identity & AI to Monitoring Transaction : Demo of Dokstor & Robolitics Presentation, Vishal Gupta, Founder, Diro Labs, Screen Capture for AML/CFT Compliance Presentation, Mr. Brian Brackeen, Using AI to enhance KYC/CDD 3:45 Q & A & Knowledge Café 4:00 Closing Remarks & Vote of Thanks Heidi Lynn-Sutton, Director, FSRC Nevis Branch 6

7 Nevis Financial Transformational Technologies Summit 2018 December The Mount Nevis Hotel