Securing Transactions New Technologies – Societal Impact – Legal Alignment

2018 European Payment Summit Co-Host: The Hague

The digitally connected world has changed the way we transact. New technology and new schemes enable us to by-pass regulated models. New payments techniques require new rules as we need to protect users (businesses and consumers). This fast changing landscape opens door to instant payments, optimisation of processes and logistics but also new security risks. The “proof of the pudding is in the eating” as we learn by the day. Also our global legal framework need to be re-aligned.

The Hague, The Global Center of Justice and Peace, is the ideal place for global alignment and understanding. Jointly with the EuropeanPaymentSummit, The Hague will foster the discussion to create a new legal level playing field in the world of digital transactions. A meeting point for transaction and payment professionals and experts to not just discuss innovation, but also discuss the consequences for society and the legal framework and alignment needed to secure transactions for business and consumers.

We will face dynamic market changes. GDPR will force us to rethink responsibilities and customer centric obligations. AI will enable us to smarter payments and a more secure environment. In our data economy "identity" will be crucial. Not static but in layers, decentralised and dependent on the context of use. EPS 2018 will discuss all key trends and developments as we secure a top program for you as professional in the transaction space!"

Join us today and share your program ideas and suggestions!

Warmest regards, Harry Smorenberg, Chairman (harry@smorenberg.nl)

08.00 Welcome Coffee & Registration

09.15 Introduction by Summit Chairman - Harry Smorenberg

09.20 Welcome to The Hague | Saskia Bruines | Deputy Mayor | The Hague

09.30 Keynote Opening Address

09.50 Keynote Panel Debate

Anticipating on Next Level of Payment Challenges Infrastructure - Regulation - Digitization - Democratization

Saskia Devolder | Head of Western & Central Europe SWIFT (moderator)

10.30 Keynote Briefing with Q & A

The GDPR Challenge: Bridging Legal - Finance - Technology

11.15 Networking Break

11.45 Keynote Introduction:

“Security & Identity - the Estonian Strategy Shared”

Taimar Peterkop | DG Information System Authority | Estonia

12.05 Identity Panel Debate:

“ Identity + Context = Payments”: why identity will be bigger than payments!

Rob Leslie | CEO | Sedicii | Ireland (moderator) Taimar Peterkop | DG Information System Authority | Estonia Michael Salmony | Executive Adviser | equensWorldline | Frankfurt Piet Mallekoote | CEO | iDIN | Amsterdam

12.45 Lunch

14.00 Expert Briefing and Q & A with George Gesek | Founder and CEO | Novarion Systems | Vienna

Quantum Technology: Next Generation Solutions in Payments & Security • What are Quantum Computers? How can they be used to breach todays security measures in

transactions • What can we do in order to remain / improve security in the future (a 3 step procedure) • Outlook to the Quantum Secure Blockchain

Day 1 - 8 March 2017

14.30Track A1

Open Banking Evolution: XS2A and the repositioning of banks/ PSP’s in the new data-eonomy

Gijs ter Horst | CMO | Ximedes Joris Portegies Zwart | CTO | Ximedes

Track B1

Cyber Defences: Protecting the Payment Environment • New architecture • New methods of managing security

Vikas Munshi | Creative Technologist | ING Bank NV

15.15Track A2

AI in Payments Discovering the potential

Track B2

Preventing Payment Transaction Fraud A blueprint to effective collaboration - Dutch Case on e banking and skimming fraud

• Public Private cooperation • Consumer awareness • Board agreements • Technical Measures   Marco Doeland | Head of Risk Management | Dutch Payments Association

16.00 Networking Break

16.30Track A3

RegTech: “Out of the Sandbox Thinking” Dealing with new regulatory realities

Sirpa Nordlund | SVP | Nets Finland | Helsinki (moderator)

Ruth Wandhöfer | Global Head Regulatory, Market & Innovation Strategy | Citibank | London

Nadja van der Veer | co-founder | Payment Counsel | Amsterdam

Track B3

Ideation session: Payments Innovation Asia Innovation in payments: cases for success

17.15 Cocktail Reception

18.15 End of Program

Day 1 - 8 March 2017

08.00 Welcome Coffee & Registration

09.00 Recap by Summit Chairman - Harry Smorenberg

09.05 Keynote Address “Driving the Next Generation of Wealth-Tech in China” Greg Gibb | CEO | Lufax | Shanghai

09.45 Keynote Opening Petra Hielkema | Division Director Payments and Market Infrastructure | De Nederlandsche Bank

10.15 Keynote Panel Debate

PSD2 & Next Steps Implementations Creating an open and secure market for retail payments in Europe

Introduction by Ralf Jacob | Head of Unit Retail, Financial Services and Payments, DG FISMA | European Commission | Brussels

Panel Discussion: Gijs Boudewijn | Chairman of the Payment Systems Committee of the European Banking Federation | Amsterdam (moderator) James Whittle | Director International Standards and Services | New Payments Systems Operator| London Scott McInnes | Partner | Bird & Bird | Brussels Ralf Jacob | Head of Unit Retail, Financial Services and Payments, DG FISMA | European Commission | Brussels

11.00 Networking Break

11.30Florin Awards ceremony 2018 Awards & Cases presented

12.00Track A4

Onboarding - Access Management Convenience for the connected customer

Track B4

AML in practice: Smart Strategies Workshop

Nadja van der Veer | co-founder | Payment Counsel | Amsterdam

12.45 Lunch

13.45Track A5

Real-Time Payments: In Search of Value

Track B5

Hacker Weaponizing AI: New defence lines needed

14.30 Networking Break

Day 1 - 8 March 2017

15.00 Keynote Address: Blockchain Technology in Payments

15.30 Closing Keynote Briefing & Debate

Beyond the Hype: How AI, Regtech and Blockchain are transforming Financial Services

Vivek Bajaj | Global Vice President | Watson Financial Services Solutions, IBM Industry Academy Member | Amsterdam

16.00 Closing Remarks | Harry Smorenberg | Chairman

16.15 Farewell drinks

17.00 End of Program

Day 1 - 8 March 2017

Day 1 - 8 March 2017

New technology and more collaboration will supported ‘faster versions of payment solutions’ of what is done today… Great! But the real opportunities are with new value-added solutions. Delivering a better service to customers; making things simple and efficient and creating an new dimension of engagement.

The mass roll-out of Fintech has contributed a lot. Within the many ‘copy-paste’ and ‘me-too’ solutions also great ‘next step’ innovations are being introduced.

In our program we introduce and discuss the proven next-gen innovation. In our 2018 program we will look deeper into best innovative practices in “Securing Transactions” .

We invite you to apply for our selective “Fintech Security Fair & Awards” at EPS 2018. We will invite 10 selected international innovators to showcase their findings at EPS 2018. At our lounge we will host 10 special spaces for demo and meeting professionals (networking) during the 2 day program. We also will highlight ‘the cases’ at our website and promote the brands on EPS banners.

The annual “Florin Awards” will focus on these 10 selected cases as both our independent Jury and the ‘public vote” will rank the cases. We will have a special award session on day-2 of EPS 2018.

How to enroll? Please fill in the form with details and add your proposition ( abstract ) of max 200 words. Please add relevant PDF docs as well so our Jury can study your input as they will rank the 10 nominees who can participate at the Fintech Security Fair at EPS.

Enter Form Here https://www.surveymonkey.com/r/EPS-FintechSecurity

Gregory Gibb

CEO of Lufax Shanghai

Keynote 09:15 09:20

Driving the Next Generation of Wealth-Tech in China

Keynote

Gregory Gibb is CEO of Lufax (Ping An Insurance), one of the largest Fintech company in China and one of the largest Peer-to-peer (P2P) lending platforms in the World. P2P platforms create a marketplace for peers to lend to individuals and SMEs underserved by the traditional lending sector.

Chinese FinTech is evolving incredibly fast and at a pace that the rest of the world struggles to emulate. As Chinese firms expand out of China into Asia and Europe, it is good to understand the driving forces and specifics.   We are very happy to share key insights at EPS with one of the key successes in Fintech discussing a key new development in the (financial) transaction space!

What can we learn from Lufax? The disruptive nature of FinTech is best illustrated in China, where disintermediation is starting to reshape the industry. Greg will showcase the key developments of Lufax as we will deep-dive into topics, such as:

• FSI-Fintech co-operation: Why Fin-Tech has grown rapidly in China • Fundamentals /  Infrastructure  / Competition

• Recent China  regulatory trends in China and industry implications • How Lufax delivers its Wealth-Tech Solution

• Business model / Big Data deployment /  AI portfolios • Coping with Security issues • Next generation ID / On-Boarding /Credit Rating methods

Talmar Peterkop 

DG Information System Authority of Estonia, Tallinn

Keynote 09:15 09:20

“Security & Identity - the Estonian Strategy Shared”

Keynote

We are happy to welcome Taimar Peterkop as keynote speaker at EPS. Taimar will address the relevance of cybersecurity in a society (threats, cyber resilience, cyber hygiene); the need for a secure digital identity and vision on possible solutions for smart ID implementation. Estonia as a blue print case-study!

Sirpa Nordlund

SVP | Nets Finland

Keynote 09:15 09:20

The goal of regulation is to design policies and laws that provide more transparency and a freer market economy. But ongoing regulation changes can lead to compliance issues that can be challenging for many corporations, particularly SMEs.

Globally, many countries are looking to the EU for the successes and misses on PSD2, XS2A, GDPR implementation. But is Europe a “guinea pig” for these market changes? What are the significant regulatory changes from the rest of the world? What is China doing with the regulation of QR code payments?

At EPS, our expert panel will discuss the latest on topics and reforms in Europe including:

• RegTech innovation with a global view – EU versus the rest of the world

• Strategies for implementing compliance through RegTech • How do we leverage regulation to put innovation center stage?

REGTECH - Out of the Sandbox Thinking Dealing with new regulatory realities

A3

Ruth Wandhöfer

Global Head of Regulatory & Market Strategy, Citi Transaction Services

Nadha van der Veer

Co-Founder, Payments Counsel

Marco Doeland

Head of Risk Management | Dutch Payments Association

Keynote 09:15 09:20

Our EPS 2018 theme is ‘ Securing Transactions” and the key focus is preventing fraud! We are happy to announce a top track session based on the Dutch success strategy that reduced electronic banking and skimming fraud from 85M Euro in 2012 to 10M Euro in 2016.

We will share the success factors contributing to this effort, including active public-private cooperation, collaborative and specific technical measures, and an effective consumer awareness campaign to engage the mass public. We will also forecast threats and opportunities with new payments initiatives such as PSD2, Instant Payments, Mobile Platform, and more.

Preventing Payment Transaction Fraud - a blueprint to effective collaboration

B2

George Gesek

Founder and CEO of Novarion

Keynote 09:15 09:20

Quantum Technology: Next Gen Solutions in Payments and Security

Keynote

The field of quantum technologies is increasingly in the spotlight beyond the scientific and research community and looks set to be one of the key technologies of the future. The European Commission has also announced a €1-billion (US$1.1-billion) flagship research initiative in the field of “Quantum Technology”, aiming to catch up with advances in rival regions. 

With the rapid development of information technology, global change is imminent and most industries are undergoing major shifts. According to George Gesek, founder and CEO of Novarion, the interconnected world of IoT and quantum technology will be decisive and key in future tech shifts. Yet what does this all mean to payments and security? Could the technology bring encryption to the next level?  "We're in a technology arms race of sorts. When quantum computers are fully developed, they will break much of today's encryption whose security is only based on mathematical assumptions. To pre-emptively solve this, we are working on new ways of communicating through large networks that don't rely on assumptions, but instead use the quantum laws of physics to ensure security, which would need to be broken to hack the encryption," explained lead author, Dr Ciarán Lee (UCL Physics & Astronomy)." (Science Daily)   George Gesek will deliver his lecture and expert briefing, with Q&A on these topics: • What are Quantum Computers? How can they be used to breach

today's security measures in transactions • What can we do in order to remain / improve security in the future? (a 3

step procedure) • Outlook on the Quantum Secure Blockchain 

Ralf Jacob

Head of Unit Retail, Financial Services and Payments, DG FISMA | European Commission | Brussels

Keynote 09:15 09:20

PSD2 & Next Steps Implementations Creating an open and secure retail market

Keynote

The PSD2 implementation date will be exactly two months behind us at EPS 2018. But will the European Parliament and the European Council have adopted the Regulatory Technical Standards on Strong Customer Authentication and Secure Communication in the meantime (deadline 27 Feb)? And where will market participants stand with the new European Group of Experts on API standards? One thing is certain: we will still be in a transition period… with lots of legal ambiguity! Not to mention the GDPR coming into force on May 25, which is looming over PSD2.   Ralf Jacob (Head of Unit Retail, Financial Services and Payments, DG FISMA, European Commission) will a brief update on the latest European developments. This update will launch an in-depth discussion among our assembled panel of experts:

• Gijs Boudewijn | Chairman of the Payment Systems Committee of the European Banking Federation | Amsterdam (moderator)

• James Whittle | Director International Standards and Services | NPSO Limited | London

• Scott McInnes | Partner | Bird & Bird | Brussels • Ralf Jacob | Head of Unit Retail, Financial Services and Payments,

DG FISMA | European Commission | Brussels

Gijs Boudewijn

Chairman of the Payment Systems Committee of the European Banking Federation | Amsterdam (moderator)

Scott McInnes

Partner | Bird & Bird | Brussels

James Whittle

Director International Standards and Services | NPSO Limited | London