About the Event
To create a flagship annual conference in Asia for the future state, the The Future State: Cost
Efficiencies, New Technologies, and Operational Challenges was held on 2-3 April 2019 in HongKong.
The two-day conference attracted round 400 participants, including a great mix of seniortech/ops/IT people from the buy side and sell side, regulators, technology vendors and media. It
was indeed a conference “designed by the industry, for the industry”.

1With over 100 speakers including key representatives from sell-side and buy-side communities
from technology, operations and COOs, senior representatives from relevant law firms/
consultants/ vendors, global and Asian policy makers, regulators, central banks, the conference
served as a significant for the Asian markets to analyze the key technology and operations
challenges that firms are facing, and to discuss solutions to these issues. We hope to continue this
dialogue on a regular basis.
We were also honored to have Mr. Joseph Chan, Under Secretary for Financial Services and theTreasury, Hong Kong SAR Government and Darryl West, Global Chief Information Officer (GCIO)
from HSBC, as our keynote speakers at this conference.
We specially thank the valuable support from 11 sponsoring firms Avaloq, BNP Paribas AssetManagement, Citadel Securities, DTCC, Google, HSBC, Lucht Probst Associates GmbH (LPA),
Mizuho Securities, Nomura, PwC, SWIFT, Torstone Technology, Wind Information, as well as 18
endorsing associations and 4 media partners.

2

We have received very positive feedback from speakers, delegates and sponsors. Most of themfound the conference insightful stimulating and interactive regarding the current state oftechnology and operations and the related shared challenges in the industry; and that the event
had a high calibre of speakers and diversity of audience that provided a highly efficient platform
for networking and interaction.

3

List of Participating Organizations
AccrueAcurisAlibaba Cloud
Allianz Global Investors
Amazon Web Services, Inc.
AQR Capital Management (Asia) Limited
AshurstAsia Fintech Angels
Asia First
Asian Private Banker
ASIFMA
Australia and New Zealand Banking Group(ANZ)
AvaloqAXABank of America Corporation
Bank of America Merrill Lynch
Bank of China
Bank of Communications
Bank of East Asia
Barclays
BlackRockBlock.one
Bloomberg
Bloomberg NewsBlue Fire AI Limited
BlueMeg
BNP Paribas
BNP Paribas Asset Management
BNP Paribas Investment Partners
BNP Paribas Securities Services
BNY Mellon
Bondlinc
British Consulate-General

Broadridge Asia Pacific Limited
BVI Financial Services Commission (HK)
LimitedCalastone Limited
CFA Institute
China (Guangdong) FTA Qianhai Shekou
Administrative Committee
China International Capital Corporation
Limited (CICC)
China Merchants Securities Co., Ltd.
Citadel Securities (Hong Kong) Limited
Citco
Citi
Clifford Chance
CMB International Capital Corporation
Limited
CME Group
Consensys
Consulate General of the United States ofAmerica
Consulate General of The United States,
Hong Kong & Macau
Control Risks Group Holdings Ltd
Credit Agricole
Credit Suisse Group AG
Daiwa Capital Markets
DBS Bank
Deloitte
Depository Trust & Clearing Corporation(DTCC)
Deutsche Bank
Digfin Group
Diginex
Digital Asset Holdings

4

List of Participating Organizations (Cont’d):
DTCC
Edelweiss Investment Advisors
Egon Zehnder
Emotics
Encompass
Enfusion
Ernst & Young LLP
Euroclear
ExigerExpand Research
Farseer
Fidelity InternationalFidessa Corporation
Financial Services and Treasury Bureau,
Govt. of Hong Kong
FinFabrik
FinTech Association of Hong Kong
Forkast News
Futu Securities International (Hong Kong)
LimitedFutureFlow
GBST
Gekkolab
George P Johnson Experience Marketing
Global Financial Markets Association (GFMA)
Goldman Sachs
GoogleGuernsey FinanceHaitong International Securities Company
LimitedHaymarket
Herbert Smith Freehills (Hong Kong)
HKEX (Hong Kong Exchanges & Clearing
Limited)Hong Kong Internet Finance Association
Hong Kong Monetary Authority (HKMA)
Hong Kong Police Force
HSBC
Huawei Technologies Co LtdIBM
IHS Markit
Infopro Digital
ING Bank N.V. Singapore
International Finance Corporation (IFC)
International Financial Law Review
Invest Hong Kong
Jane Street Asia Limited
Jayden.ai
JDX Consulting
Jefferies Hong Kong Limited
JPMorgan Chase & Co.
Kapronasia
Kim & Chang
King & Wood Mallesons
Kristal.Ai
Latham & Watkins LLP
Lim-Loges & Masters
Lucht Probst Associates
Magespire Partners
Mandatory Provident Fund Schemes
Authority (MPFA)
Manulife Financial Corporation
Mayer Brown
Ministry of Economy of Mexico
MioTechMIT Hong Kong Innovation Node
MizuhoMorgan Stanley5

List of Participating Organizations (Cont’d):
MSCI Inc.
NASDAQ
Natixis Corporate & Investment Banking
NEC Corporation
NetRoadshow, Inc.
NexChange (Hong Kong) Limited
Nomura International (Hong Kong) Limited
Nomura Research InstituteNoosphere
OCBC Wing Hang Bank
Oliver Wyman
Onchain Custodian
Pan Asia Securities Lending Association(PASLA)
Pinpoint Asia Limited
PwC
Quinlan & Associates
RambusRed Hat
Regulation Asia
Reuters
Risk.net
Robotic Online Intelligence Ltd
Salesforce
Saudi Telecom Company
Securities and Futures Commission
Securities Commission Malaysia
Shenzhen Qianhai Authority
Shenzhen Securities Information Co Ltd,

Shenzhen Stock Exchange (SZSE)
Shenzhen Stock Exchange
Sia Partners
Simmons & Simmons
Slaughter and May
Standard Chartered
State Street Corporation
SWIFT
Symphony Communication Services LLC
T. Rowe Price Hong Kong Limited
TaigerTechnology Research, Consulting andAdvisory (TRPC)
The Wall Street JournalThomson Reuters
Tongdun Technology
Torstone Technology
Tradeteq
Trading Hub
UBS AG
UK GovernmentUOB Kay Hian (Hong Kong) Limited
Velotrade Management Limited
Venture Smart
Waters Technology
WeBankWellington Management Company
Wind Information Co., Ltd

Event Websites:
For more about the ASIFMA Conference 2019: The Future State: Cost Efficiencies, New
Technologies, and Operational Challenges: www.asifma.org/tech-ops2019.
For more information about ASIFMA events: www.asifma.org/events6

Final Program
Dates:
Location:
Remarks:
DAY 1

Tuesday-Wednesday, 2-3 April 2019
JW Marriott Hong Kong (JW Marriott Ballroom, Level 3)Open to the media except Roundtables on Day 2 afternoon
Morning Plenary Session
09:00-09:10 Welcome Remarks
09:10-09:30 Keynote 1
09:30-09:50 Keynote 2
09:50-10:50 Plenary Panel 1 - How will Capital Markets be Transformed by Technology by 2025?
10:50-11:30 Morning Coffee Break
11:30-12:30 Plenary Panel 2 - HBS Customer Value Triangle:
Product Leadership vs Customer Intimacy vs Operational Excellence

12:30-13:30 Buffet Lunch, Networking
13:00-13:30 Lunch and Learn: The Coming ISO 20022 Revolution: Are You Ready Yet?
Markets Stream
Technologies Stream
Operations Stream
Startups
Pitch/Demo
13:30-14:15
13:30-14:15
13:30-14:15
Panel M1- Cybersecurity - Are Panel T1- Partnering with
Panel O1 – The Future of
13:40-14:00
FutureFlow
We On the Right Track?
Fintechs: Lessons Learned
Industry Communication to
14:00-14:20
14:15-15:00
14:15-15:00
Improve Operational
BlueMeg
Panel M2 - The Challenges ofPanel T2- Sandboxes - Are
Efficiency
14:20-14:40
Client Onboarding
They Really Helping to
14:15-15:00
Emotics
15:00-15:30
Promote Innovation andPanel O2 - China Challenge –14:40-15:00
Afternoon Coffee BreakClarify Regulatory Obligations? Is there an Opportunity to
FinFabrik
15:30-16:15
15:00-15:30
Leapfrog Legacy Equities
15:00-15:20
Panel M3 - Regulatory
Afternoon Coffee BreakMarkets for Operational
Coffee Break
Implementation: Humans vs. 15:30-16:15
Effectiveness
15:20-15:40
Machines
Panel T3 - AI Governance
15:00-15:30
BlueFire AI
16:15-17:00
16:15-17:00
Afternoon Coffee Break
15:40-16:00
Case Study M4 - Agile
Case Study T4 - HSBC Journey 15:30-16:15
Kristal AI
Transformation and Digitalon Cloud – Strategies andPanel O3 - Alignment to
16:00-16:20
Factory in UBS
Challenges
International Standards inRobotic Online
the Post Trade SpaceIntelligence Ltd
16:15-17:00
16:20-16:40
Panel O4 - Are We Using theTradeteq
Right KPIs and KRIs?
16:40-17:00
Velotrade
17:00 Wrap Up

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DAY 2Morning Plenary Session
09:00-09:10 Welcome Remarks
09:10-10:00 Plenary Panel 1 - Data and Risk: The Intersection of Privacy, Data Localization,
Cybersecurity and Third Party Risk Management
10:00-10:30 Morning Coffee Break
10:30-11:15 Fireside Chat: What Does It Take to Create a ‘Digital Industry’ in a ‘Digital City’?
11:15-12:15 Plenary Panel 2 - Workforce of Tomorrow
12:15-13:15 Networking Lunch
Stream A

13:15-14:10
Roundtable A1 - Open Banking
14:10-15:05
Roundtable A2 - DLT: Standards andInteroperability
15:05-16:00
Roundtable A3 - Crypto Custody

Stream B

Stream C

13:15-14:10
Roundtable B1 - Diversity in Tech –Walking the Talk

13:15-14:10
Roundtable C1 - Regional Nuances in
the Post-Trade Space

14:10-15:05
Roundtable B2 – Utilities

14:10-15:05
Roundtable C2 - China Fintech –Disruptors

15:05-16:00
Roundtable B3 - Machine Learning
and Machine-Readable Regulations

15:05-16:00
Roundtable C3 - Data Handling, theCloud and Capital Markets

16:00-17:00 Networking Drinks and Snacks

8

DAY 1Morning - Plenary Session
09:00-09:10

Welcome Remarks
 Alain Raes, Chief Executive Officer, APAC and EMEA, SWIFT

09:10-09:30

Keynote 1
 Joseph Chan, Under Secretary for Financial Services and the Treasury, HKSAR
Government

09:30-09:50

Keynote 2 Darryl West, Global Chief Information Officer (GCIO), HSBC

09:50-10:50

Plenary Panel 1: How will Capital Markets be Transformed by Technology by 2025?
 Present high level the findings of the GFMA paper on innovation in capital markets(will be published in March 2019)
 Digital transformation – what does it mean?
 How to deal with legacy systems? Patching or building it in the core?
 Rearchitecting technology risk management
 Predicting the next disruptor in financial services
 The power of incumbents versus disruptors: are the incumbents sitting on an arsenalof weapons and tools that they are set to develop?
 Are the incumbents innovating quick enough to remain relevant?
 Rakesh Vengayil, Deputy CEO of APAC, CEO of Hong Kong, BNP Paribas AssetManagement
 Matt Stauffer, Head of Institutional Trade Processing, DTCC
 Joey Poon, Director, Futu Securities International (Hong Kong) Limited
 Jez Mohideen, Global Head of Wholesale Digital Office, Nomura
 Arvind Swami, Director of FSI Solutions, APAC, Red Hat
 Ilka Vazquez, Partner, Consulting, PwC (Moderator)

10:50-11:30

Morning Coffee Break

9

DAY 1Morning - Plenary Session (Con’t)
11:30-12:30

Plenary Panel 2: Harvard Business School (HBS) Customer Value Triangle: Product
Leadership vs Customer Intimacy vs Operational Excellence A classic HBS case study maintains that companies need to choose amongst thesethree disciplines in their business strategy in order to be effective in creating value. Is
it impossible to juggle all three?
 Post GFC, the priority for most banks has been to lower costs and to lower risks, andthe focus has been on creating value for customers and shareholders with focus on
operational excellence; business and people strategies have become realigned inpursuit of squeezing costs out of the system. Has this strategy worked well?
 However, amidsts tectonic shifts in the industry with geopolitical risks and market
volatility both on the rise coupled with a market structure significantly transformedby algos and bots, is the industry prepared for what appears to be an increasing
frequency of black swan events amidst what appears to be evolution towards a newworld order?
 What are the risks and the opportunities? Do banks have the right business andpeople strategy in place? Should more focus be directed towards innovation andproduct leadership or towards reversing the prior trend of streamlining client
service to save costs? How do you square the circle of upgrading your technology,
evolving your workforce, and managing the regulatory burden while costs pressuresintensify and while the customer “wallet” is not getting larger?
 Michael Graham, MD, Head of Emerging Markets Rates Trading, Asia Pacific,
Goldman Sachs
 Stephen Davison, MD, Head of Strategy and Chief of Staff China, J.P. Morgan Cliff Sheng, Partner, Co-Head of China Financial Services, Oliver Wyman Lyndon Chao, MD – Head of Equities, ASIFMA (Moderator)

12:30-13:30

Buffet Networking Lunch

13:00-13:30

Lunch and Learn: The Coming ISO 20022 Revolution: Are You Ready Yet?
 ISO 20022 is approaching rapidly. ISO 20022-based messages are already essential
components of new HK real-time gross settlement system, faster payment services,
as well as playing an increasing importance in the technological evolution in thecapital markets. These initiatives and others promise to further embed ISO 20022 andto enable innovation in the business processes of corporations and financial
institutions. Join us to hear more about how your institution can create a roadmap tomake the most of ISO 20022.
 Tom Alaerts, Lead Standards Specialist, APAC, SWIFT

10

DAY 1Afternoon - Markets Stream
13:30-14:15

Concurrent Panel M1: Cybersecurity – Are We On the Right Track?
 How do firms put in place the proper internal governance frameworks? How tocomply with self-assessment frameworks and international standards?
 How do firms manage the right balance between prevention/detection/recovery?
 What happens in a real cyberhack scenario – are business continuity plans followed?
Are programs such as Wise / Raffles useful for preparation? How do they work crossborder? What about mandated recovery times?
 What are the largest challenges related to cybersecurity both domestically andglobally?
 Is cybersecurity a red herring? Are not the bigger concerns the resiliency of business’s
own technology?
 Can robotics play a role and what is its role?
 How to develop a response to defending the most vulnerable component of cyber
operations: the human operator.
 How to leverage industry collaboration?
 Alexander Boehm, Manager Hong Kong Security & Technology Risk, ANZ
 Florian-Alexandre Bielak, Head of Cybersecurity, Block.one
 Jim Fitzsimmons, Director, Cyber Consulting, Control Risks
 Sam Coco, Head of IS&TR, Asia Pacific, Fidelity International Dicky Wong, Detective Senior Inspector of Police, Cyber Security and Technology
Crime Bureau, Hong Kong Police Force Laurence Van Der Loo, Director – Tech & Ops, ASIFMA (Moderator)

14:15-15:00

Concurrent Panel M2: The Challenges of Client Onboarding What is driving financial crime compliance globally and how are firms responding?
What has been the fall out of the recent penalties leveled at firms?
 What are the challenges of fragmented KYC/AML regulations in Asia? Are there
solutions?
 Is there a path towards KYC/AML regulation standardization globally and within Asia?
Or is this a pipe dream? Could we at least set a common baseline KYC/AML standard?
 Is an industry standard AML utility achievable? Can we learn from the failed attemptin Singapore to establish a utility? Can a firm rely somewhat on a utility to satisfy its
regulatory liabilities?
 Can we leverage developing technology to smooth the process?
 Chee Kin Lam, MD, Head Group Legal, Compliance & Secretariat, DBS
 Sharon Wong, APAC Head of FCC, Fidelity International Adrien Daneau, ED, APAC, Regulatory Compliance Solutions, IHS Markit
 Raymond Wong, Director, Intermediaries Supervision, Intermediaries, Securities andFutures Commission
 Wei-Shen Wong, Asia Editor, Waters Technology (Moderator)

15:00-15:30

Afternoon Coffee Break11

DAY 1Afternoon - Markets Stream (Con’t)
15:30-16:15

Concurrent Panel M3: Regulatory Implementation: Humans vs. Machines What are the challenges faced by the COOs and CIOs in implementing regulations
across the business including best execution, conduct, front office control andsurveillance, etc.? How do you manage regulatory implementation workflow andwhat tools can be used to help? Is the burden shifting from humans to machines?
 How can technology play an increasing role in making regulatory compliance easierthrough for example the use of AI to understand/interpret regulations in different
jurisdictions and identify the highest bar? Or to interpret data and identify patterns
in behavior (eg. Fraud) that can be flagged for further internal investigation? Or forwhich the regulator can use directly to do the same?
 What are pain points that technology could solve or should be focusing on solving
that are better than current manual driven processes?
 What is the future of regulatory reporting? Could we move to a “pull” rather than“push” environment with globally standardized reporting formats in some sort ofutility? Or is this a pipe dream? Is there a middle way?
 Adam Singer, MD, Asia Pacific Core Compliance, J.P. Morgan Urszula McCormack, Partner, King & Wood Mallesons
 Thomas Eitenmueller, Managing Partner, Lucht Probst Associates Guy Sheppard, Head of Financial Crime Compliance, Intelligence and Initiatives, Asia
Pacific, SWIFT Henri-Christian Hartloff, SVP Business Development, Taiger
 Hannah Cassidy, Partner, Herbert Smith Freehills (HSF) (Moderator)

16:15-17:00

Case Study M4: Agile Transformation and Digital Factory in UBS
 UBS is in the process to transform not just a project or small team, but thousands of
IT staff and hundreds of related business representatives in a global agile
collaboration model. Based on the SAFe™ framework UBS establishes a common
operating model for its global platforms in order to serve its global customer and userbase according to their needs. A continuous improvement culture is in the core of thetransformation. The case study shows the progress that UBS made so far, thechallenges along the way and a specific example of such a transformation. Finally wewant to want to present UBS take of how to measure success of this endeavor.
 Christian Bucholdt, Head of IT Digital Factory, UBS

12

DAY 1Afternoon - Technologies Stream
13:30-14:15

Concurrent Panel T1: Partnering with Fintechs: Lessons Learned
 What can fintech firms and incumbents learn from each other (e.g. organization ofdata centres, core computer technology; credit evaluation; digital distribution; etc.)?
 Are there good case studies on how this cooperation can work? What were thelessons learned? How can this be applied in the future?
 How can challengers and incumbents work together – what is the ideal partnership?
How does that work from an operational stand point?
 Fintechs vs banks – who are the real disruptors? What sectors are most ripe fordisruption or cooperation or both?
 Albert Lau, Principal, Financial Services Innovation, Alibaba Cloud Rakesh Vengayil, Deputy CEO of APAC, CEO of Hong Kong, BNP Paribas AssetManagement
 Elvie Lahournere, Director of Digital & Innovation, Natixis
 Tyler Aveni, Head of International Partnerships, WeBank Zennon Kapron, MD, Kapronasia (Moderator)

14:15-15:00

Concurrent Panel T2: Sandboxes - Are They Really Helping to Promote Innovation and
Clarify Regulatory Obligations?
 After a period of the invent of sandboxes, where do the major jurisdictions globally
stand on their development?
 There are many different regional/global sandboxes with different requirements.
How can this be bridged? Can GFIN help to address fragmentation? What is next?
 Are sandboxes helping firms move from the proof of concept (PoC) to the production
stage? Do sandboxes help to clarify the applicable regulatory requirements andpromote innovation? Do they offer anything beyond individual firms’ own PoC
processes?
 James Lloyd, Partner, FinTech Leader, Asia-Pacific, EY
 Vadim Sobolevski, Co-founder, FutureFlow
 Yosha Gupta, Financial Inclusion Consultant, International Finance Corporation
 Clara Chiu, Head, Fintech Unit, and Director of Licensing, Intermediaries, Securities
and Futures Commission
 Philippa Martinelli, FinTech Bridge Advisor, Financial & Professional Services,
Department for International Trade, UK Government
 Musheer Ahmed, General Manager, FinTech Association of Hong Kong (Moderator)

15:00-15:30

Afternoon Coffee Break

13

DAY 1Afternoon - Technologies Stream (Con’t)
15:30-16:15

Concurrent Panel T3: AI Governance What is the current role of regulators on AI and is there convergence forming on theregulatory approach to AI globally? Will we get consistency?
 How is the industry approaching the ethical use of AI? Should machines be held to ahigher standard than humans?
 What are the biases in algo’s and data sets?
 What are the legal liability issues and how to address them?
 How to design your AI governance frameworks in a way that is safe, future proof anddoes not stifle innovation?
 Huayi Dong, MD, Global Head of Electronic Trading Solutions, Equity, Daiwa CapitalMarkets
 Tarrill Baker, Chief Data Officer, ASP, HSBC
 Jason Tu, Co-Founder and CEO, MioTech
 Shameek Kundu, Chief Data Officer, Standard Chartered Megan Pillsbury, ED, Technology Business Development & Innovation, Morgan
Stanley (Moderator)

16:15-17:00

Case Study T4: HSBC Journey on Cloud – Strategies and Challenges
 HSBC has embraced public cloud computing as an enabler of change and innovation
helping them to better serve their customers in nearly 70 countries around the world.
Their strategic plan, relying on multiple vendors and making use of open source
technology helps them adopt cloud computing without increasing our risk profile.
Cloud computing also increases the security of the bank and its customers thanks to
the resilience and expertise that hyperscale providers bring. But that journey has notalways been easy or smooth. They have worked tirelessly as a business and with theirregulators around the world. They continue to evolve their approach and expand
their knowledge. In this workshop, HSBC’s Chief architect David Knott will reflect onsome of the lessons learned and where he sees the future of the industry moving
forward.
 David Knott, Chief Architect, HSBC Technology

14

DAY 1Afternoon - Operations Stream
13:30-14:15

Concurrent Panel O1: The Future of Industry Communication to Improve Operational
Efficiency
 How can chatbots, DLT, and/or messaging platforms improve interbank
communication across the whole value chain?
 What are some of the current use cases that can be learned from? Why did theysucceed while others failed? What needed to be standardized?
 How do you deal with the complexities in coordination across multiple counterparties
and timezones?
 Jon Rout, Business Development Director, Asia Pacific, Digital Asset Cindy Chen, MD, Head of Post Trade Business Development, Hong Kong Exchanges
and Clearing Limited
 Lisa O’Connor, MD, Securities, Treasury and Standards, Asia Pacific, SWIFT
 Queenie Chan, General Manager, Asia Pacific, Symphony Communication Services
 Jame DiBiasio, Co-founder and Editor, DigFin Group (Moderator)

14:15-15:00

Concurrent Panel O2: China Challenge – Is there an Opportunity to Leapfrog Legacy
Equities Markets for Operational Effectiveness What are the biggest pain points supporting clients trading China A shares (ID market,
settlement cycle, RMB settlement, regulatory constraints, channel fungibility etc)?
How can custodians identify currencies such as CNY and CNH in their systems?
 Which opportunities should be prioritized for advocacy to achieve the highest ROI
and deliver better value to investing clients?
 Rather than aligning China to current practice in other markets, are there
opportunities for innovation and alternative approaches to achieve even higher levelsof efficiency/effectiveness (technology / market structure)?
 Simon Williams, MD, Head of APAC Equity Trading, BlackRock Stuart Jones, Chairman, Pan Asia Securities Lending Association
 Bin Yu, Director of Fintech Department, Shenzhen Securities Information Co Ltd,
Shenzhen Stock Exchange Gordon Russell, Head of Asia, Torstone Technology
 Kitty Li, Head of APAC Equity Electronic Trading, UBS
 Winnie Khattar, Director, Head of Market Structure, Execution Consulting, BAML
(Moderator)

15:00-15:30

Afternoon Coffee Break15

DAY 1Afternoon - Operations Stream (Con’t)
15:30-16:15

Concurrent Panel O3: Alignment to International Standards in the Post Trade Space What are the macro trends in the region? Are the increasing competitive pressures
forcing alignment to attract capital?
 Settlement Cycles: is T+2 the optimal end state? What has been done in the region
and what remains to be done? How to get there?
 Omnibus vs ID market structures within Emerging Asia: opportunity to proactively
propose a happy hybrid? Or leave lying dogs alone?
 Opportunity to leverage new technologies in historically under invested post tradesystems to significantly improve efficiency and effectiveness?
 Opportunity to leverage new and improved data architecture to maintain local
nuances built on top of a harmonized infrastructure and standards?
 Gary O'Brien, Regional Head of Custody Product, APAC, BNP Paribas
 Koichi Shiroma, Head of ITP Product Management, Asia Pacific, DTCC
 Zhen Wei, ED, Director of China Research, MSCI Kah Som Chan, Deputy General Manager, Institution Supervision Department,
Market & Corporate Supervision, Securities Commission Malaysia
 Magdalene Tay, APAC Custody Product Manager, BNY Mellon (Moderator)

16:15-17:00

Concurrent Panel O4: Are We Using the Right KPIs and KRIs?
 How are KPIs and KRIs used by Banks to manage productivity and risks?
 Difficulties of measuring productivity and risk across various business lines.
 Have Bank Operations evolved into a modern day factory assembly line?
 Have costs really gone down? How about price/performance?
 How can KPIs and KRIs be better leveraged to better promote a stronger ownership
mentality and higher productivity? Case studies to share? How critical is the humanfactor? What firm values do they create?
 Are there other intangibles which are not measurable or other long-term value
creating activities being compromised by a too KPI-focused environment?
 Sridhar Thangavelu, Head of Banking Operations, Avaloq
 James Wang, Director - Head of Operations, Greater China, Barclays
 Greg Thompson, Head of Equities Operations, Asia Pacific, Goldman Sachs
 Lyndon Chao, MD – Head of Equities, ASIFMA (Moderator)

16

DAY 1Afternoon – Startups Pitch/Demo Session
Time

Startups

Speakers

Topics13:40-14:00

FutureFlow

Vadim Sobolevski,
Co-Founder

Demonstration of the Cross-bank Transaction Monitoring
Platform that Enables Multiple Banks to Leverage Each
Other’s Transactional Information and Intelligence to Tackle
Money Laundering.

14:00-14:20

BlueMeg Corporate
Services

Paul du Long,Managing
Director (HongKong)

Digitise your corporate processes to eradicate paperwork
and improve client satisfaction — white-labelled software.

14:20-14:40

Emotics

Ray Horan,Founder & CEO

Applications of Facial Micro-expression Analysis in Financefor Compliance Training and Alternative Data

14:40-15:00

FinFabrik

Florian M Spiegl,
Co-Founder &COO

CrossPool – a platform built on fundamental capital
markets concepts to connect asset issuers and investors on
the blockchain, transforming traditionally alternative,
illiquid assets into Digital Asset-Backed Securities.

15:00-15:20

Coffee Break

15:20-15:40

BlueFire AI

Luke Waddington,
CEO, Design &Commercialize

BlueFire AI: Artificial Intelligence applied to the CapitalMarkets. Driving Asset Choice, Strategy Selection & Risk
Management at scale across asset classes.

15:40-16:00

Kristal AI

Vivek Mohindra,
Co-Founder &Responsible
Officer

Technology & Regulation - Drivers of Change in AssetManagement

16:00-16:20

Robotic
OnlineIntelligence
Ltd

Robert Ciemniak,
Founder-CEO

Automated Market Intelligence - Actual Use Cases, Live
Demo and Insights from AI/NLP Applications With Kubro
Search(TM) from Robotic Online Intelligence

16:20-16:40

Tradeteq

Mattia Tomba,
Head of Asia

Tradeteq provides the technological and capital markets
infrastructure to distribute and invest in trade finance.
Tradeteq has also launched the Trade Finance Distribution
Initiative (TDFI).

16:40-17:00

Velotrade

Vittorio De
Angelis, Executive
Chairman & Cofounder

An invoice financing platform which enables corporates toobtain working capital and investors to benefit from highyields by investing in trade receivables

17DAY 2Morning - Plenary Session
09:00-09:10

Welcome Remarks

09:10-10:00

Plenary Panel 1: Data and Risk: The Intersection of Privacy, Data Localization,
Cybersecurity and Third Party Risk Management
 As data is the raw material of all fintech applications, what challenges do firms faceby existing privacy regulations, cybersecurity threats, and the move in Asia to dataonshoring? These risks are usually looked at separately. How do they interact? Are
the sum of the risks greater?
 How specifically will data localization requirements impact the use of new technology
as well as existing systems in the financial sector? Will privacy regulations make thiseven more difficult or can they be amended to allow technology to flourish? Can wedraw a distinction between personal and non-personal data as a way forward? Are
trade agreements a possible solution to all of this?
 Are cybersecurity concerns an impediment to the use of data?
 What will be the cost of all of these new regulations?
 In spite of all of this, how can technology (both developed internally or purchased
externally) drive operational efficiency by better use of data? How can data
governance be internalized? Is the industry moving to data lakes, creating catalogs,
using other technologies? Which are most valuable, cheapest/easiest to implement,etc?
 David Knott, Chief Architect, HSBC Technology
 Yam Ki Chan, Head of Cloud Public Policy, APAC, Google David Currie, Group Chief Information Security Officer, Hong Kong Exchanges andClearing Limited
 Simon Chan, Head of Data Analytics Group, Securities and Futures Commission
 Lawrence Lu, MD, Tongdun International Philippa Martinelli, FinTech Bridge Advisor, Financial & Professional Services,
Department for International Trade, UK Government (Moderator)

10:00-10:30

Morning Coffee Break18

DAY 2Morning - Plenary Session (Con’t)
10:30-11:15

Fireside Chat: What Does It Take to Create a ‘Digital Industry’ in a ‘Digital City’?
 Tim Taylor, Director, APAC CIO of Infrastructure & Global Head of Data Centres,
Deutsche Bank Leonie Valentine, MD, Sales & Operations, Google Witman Hung, The Hong Kong Deputy to 13th National People's Congress (NPC) and
Principal Liaison Officer for Hong Kong, Shenzhen Qianhai Authority
 Mark Austen, CEO, ASIFMA (Moderator)

11:15-12:15

Plenary Panel 2: Workforce of Tomorrow What will the workforce of tomorrow look like? What jobs will be replaced bytechnology and which ones will be created? Will our current organizational
hierarchies survive (eg. VPs, EDs, MDs, etc.)? How do we prepare ourselves to work
which machines? Are there use cases to be shared?
 What challenges do firms face in attracting and retaining the right talent in this highly
competitive environment? What are the trends both globally and regionally? How
are firms dealing with this? Are millennials changing the way firm’s do this?
 What are Hong Kong and Singapore doing to develop the right talent in their markets?
Are there things to learn from other markets?
 How do we encourage more ownership mentality for higher productivity?
 How do we help develop the right skillset at the regulators?
 Lisa Butler, Global Chief Talent and Diversity Officer, Manulife
 Aleem Jivraj, MD & Global Markets COO, Asia ex-Japan, Nomura
 Vince Natteri, Managing Director, Pinpoint Asia
 Benjamin Quinlan, CEO & Managing Partner, Quinlan & Associates Rajeev Chib, APAC Head of Client Facilitation & Business Unit Management, Global
Markets - Asia Pacific, Citi (Moderator)

12:15-13:15

Buffet Lunch

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DAY 2Afternoon - Stream A Roundtables (Closed to the media)
13:15-14:10

Roundtable A1: Open Banking
 What are the recent case studies of banks working with third party service providers
by leveraging on open APIs? What are the use cases in capital markets?
 Should regulators mandate open banking or not?
 Should it be extended to Bigtech to level the playing field?
 What are the cybersecurity risks and how can these be tackled?
 Brit Blakeney, Head of Innovation and Ecosystem Head, Hong Kong, DBS
 Bill Genovese, VP, Corporate Strategy Planning, Banking, Financial Services and IT
Services Solutions, Huawei
 Harjeet Baura, Partner, PwC

14:10-15:05

Roundtable A2: DLT: Standards and Interoperability Complexities around moving from current use cases/POC to larger, industry-wide
interoperable platforms
 How to drive interoperability among DLTs and standards
 Addressing security concerns Jon Rout, Business Development Director, Asia Pacific, Digital Asset Samuel Yim, Foreign Attorney, Kim & Chang Tom Alaerts, Lead Standards Specialist, APAC, SWIFT

15:05-16:00

Roundtable A3: Crypto Custody The lack of independent custody solutions are hampering institutional investor
interest especially as over $2 billion in digital assets were stolen last year. What are
the custody solutions that exist or will exist in the near future? And will they address
this concern?
 What is the impact of the SFC conceptual framework for digital asset platforms
requiring custody?
 What are the advantages of omnibus accounts vs segregated user accounts in thecrypto space?
 How to deal with custody of private keys?
 Olivier Dang, Global COO, Wholesale Digital Office, Nomura
 Alexandre Kech, CEO, Onchain Custodian Julie Chan, Partner, Consulting, Financial Services, PwC

16:00-17:00

Networking Drinks and Snacks

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DAY 2Afternoon - Stream B Roundtables (Closed to the media)
13:15-14:10

Roundtable B1: Diversity in Tech – Walking the Talk
 Is Fintech a pathway towards achieving gender balance at leadership levels within thebanks?
 How do your firm’s hiring practices support and reflect the commitment for diversity?
 How important is diversity for investors?
 How do we close the pay gap?
 Keeran J. Mane, ED, Business Development, Lucht Probst Associates
 Stephanie Lau, Co-Founder & Board Member, Women in Tech

14:10-15:05

Roundtable B2: Utilities
 How can banks work together to drive utilitisation of non-core, non-competitive
processes? Or have we missed the opportunities in the 10 years on from the GFC?
 Are utilities the solution to building better/more efficient infrastructure? Or is it an
outmoded concept that no longer should play a significant role in financial markets?
 Is there a role for the regulators? Can they help address liability issues or endorse
the utility to help bring the industry together?
 What is the appropriate operating model? Profit or non-profit?
 Are there any good examples of recent use cases?
 Oliver Arthey, APAC Head of KYC Projects, Citi
 David Day, MD, IHS Markit
 Rana Datta, Head of KYC Industrial Solution Sales APAC, Refinitiv

15:05-16:00

Roundtable B3: Machine Learning and Machine-Readable Regulations
 Are firms leveraging on the FCA machine-readable regulation?
 What are the challenges for regulators and financial services firms?
 Lapman Lee, Partner, Financial Services Regulatory & Risk Management, Deloitte Jean-Remi Lopez, Director, Government Relations, Asia Pacific, DTCC
 Brian Lam, Senior Manager, Fintech Facilitation Office, Hong Kong Monetary
Authority

16:00-17:00

Networking Drinks and Snacks

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DAY 2Afternoon - Stream C Roundtables (Closed to the media)
13:15-14:10

Roundtable C1: Regional Nuances in the Post-Trade Space Why is harmonization of market structure so difficult?
 What is it that the global firms do not understand about local issues?
 What is it that the local firms do not understand about the bigger picture?
 Gaetan Gosset, Director, Head of Network Management Asia and Middle East,
Euroclear Catherine Grant, Asia Pacific Operations Chief of Staff, Goldman Sachs

14:10-15:05

Roundtable C2: China Fintech - Disruptors
 What is happening in China that is relevant to our industry?
 Is China really developing cutting edge technological innovations in the financial
services sector, or are they just able to take advantage of a backward local industry
by offering scale and customer service?
 Can the Greater Bay Area helped facilitate greater cooperation or is it just a
distraction as the legal and regulatory hurdles are too great?
 Frankie Tam, International Technology Lawyer
 Lawrence Lu, MD, Tongdun International

15:05-16:00

Roundtable C3: Data Handling, the Cloud and Capital Markets
 What are a financial institutions modern data storage practices?
 How do we address regulatory concerns and considerations around cybersecurity,
encryption, concentration risk, impact on regulators enforcement powers, data
preservation and data portability?
 Is data localization the solution in the region whether we like it or not?
 Otto Lee, Security Assurance Manager APAC, Amazon Web Services
 Bojan Obradovic, Head of Cloud Services, ASP, HSBC Kenneth Lai, Director, Enforcement, Securities and Futures Commission
 Gordon Russell, Head of Asia, Torstone Technology

16:00-17:00

Networking Drinks and Snacks

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