The Fintech Transformation Conference

Disruptive Financial Technologies and What They Mean to Society

October 13, 2017, 9:00 a.m. – 7:00 p.m. EDT

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Fintech is dramatically reshaping human economic life.  It is opening access to markets, investment and credit.  It is inventing new ways to solve age-old financial problems. It has reduced fees, disintermediated banks and brought financial services to emerging economies.  How can we best use FinTech for the benefit of society and what unintended consequences should we be concerned with?

Can Fintech make the world a better, safer, more humane place?  How can it improve planning, saving, investment, safety and decision-making?  Can it simplify our lives, improve global living standards and democratize access to capital? Will it change the way we think and behave?  Will it raise the potential for systemic disruption and social divergence?

The Yale ICF conference will convene thought leaders in finance, technology, and academia to explore FinTech’s potential for further reshaping our world.

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Conference Agenda

Yale School of Management
165 Whitney Avenue
New Haven, CT 06511
United States

Speakers

Blythe Masters

Digital Asset

Keynote Speaker

Blythe Masters is CEO of Digital Asset, a New York headquartered financial technology company that builds distributed, encrypted straight through processing tools for wholesale financial service providers using distributed ledger technology. She...

Blythe Masters is CEO of Digital Asset, a New York headquartered financial technology company that builds distributed, encrypted straight through processing tools for wholesale financial service providers using distributed ledger technology. She is also Chair of the Governing Board of the Linux Foundation’s open source Hyperledger Project, and Advisory Board Member of the US Chamber of Digital Commerce. Blythe was previously a senior executive at J.P. Morgan which she left in 2014 after a career spanning 27 years, following the successful sale of the bank’s physical commodities business which she built between 2007 and 2014. From 2012, she was also responsible for Corporate & Investment Bank Regulatory Affairs. She was a member of the Corporate & Investment Bank Operating Committee and previously the firm's Executive Committee. From 2004 to 2007, she was CFO of the Investment Bank. Earlier positions included Head of Global Credit Portfolio and Credit Policy and Strategy, Head of North American Structured Credit Products, co-Head of Asset Backed Securitization and Head of Global Credit Derivatives Marketing. Blythe joined J.P. Morgan full-time in 1991, after completing a number of internships at the bank dating back to 1987. From 2012 to 2014, Blythe was Chair of the Global Financial Markets Association (GFMA). From 2008- 2010, she was Chair of the Securities Industry and Financial Markets Association (SIFMA). From 2015 to 2016, she was the Chair of the Board of Santander Consumer Holdings Inc. (NYSE: SC). Blythe is co-Chair of the Board of the Global Fund for Women, a member of the Board of Directors of the Breast Cancer Research Foundation, a Board Member of the Feminist Institute, an Advisory Board Member of ID2020, and the former Chair of the Board of the Greater New York City Affiliate of Susan G. Komen for the Cure. Blythe has a B.A. in economics from Trinity College, Cambridge. She is an avid equestrian and lives in New York.

Stephen C. Daffron

Motive Partners

Conference Organizer/Speaker

Stephen Daffron has been a fixture in the development and implementation of technology, data, and operational processes in financial services for well over two decades, having served as Chief Executive Officer of Interactive Data and in senior...

Stephen Daffron has been a fixture in the development and implementation of technology, data, and operational processes in financial services for well over two decades, having served as Chief Executive Officer of Interactive Data and in senior leadership positions at Morgan Stanley, Renaissance Technologies, and Goldman Sachs. Stephen was involved in the creation of the earliest electronic trading systems in the early 1990’s, pioneered the operational processes that allowed an explosive growth in derivatives trading and processing, managed the integration of major acquisitions—including Morgan Stanley’s acquisition of Smith Barney—oversaw the growth of technology and operations that spring-boarded the prime brokerage business, moved to the buy-side to supervise the growth of processing capability at one of the industry’s most successful hedge funds, and then into private equity where he was CEO of one of the most successful deals of 2015, Interactive Data. Stephen served as Head of Operations, Technology and Data at Morgan Stanley, Chief Operating Officer at Jim Simon’s Renaissance Technologies, Managing Director leading Operations and Technology for Global Custody, Securities Processing, and Asset Management at Goldman Sachs, chaired SIFMA’s Operations and Technology committee and served on the board of DTCC, before becoming Chief Executive Officer at Interactive Data. Before his career on Wall Street, Stephen served in various command and staff positions in the U.S. Army. His education includes a B.S. from USMA, MBA MA, M.Ph. and Ph.D. from Yale.

William Goetzmann

Yale School of Management

Conference Organizer/Speaker

William N. Goetzmann is the Edwin J. Beinecke Professor of Finance and Management Studies and Director of the International Center for Finance at the Yale School of Management. He is an expert on a diverse range of investments. His past work...

William N. Goetzmann is the Edwin J. Beinecke Professor of Finance and Management Studies and Director of the International Center for Finance at the Yale School of Management. He is an expert on a diverse range of investments. His past work includes studies of stock market predictability, hedge funds and survival biases in performance measurement. His current research focuses on alternative investing, factor investing, behavioral finance and the art market. Professor Goetzmann has written and co-authored a number of books, including Modern Portfolio Theory and Investment Analysis (Wiley, 2014), The Origins of Value: The Financial Innovations that Created Modern Capital Markets (Oxford, 2005), The Great Mirror of Folly: Finance, Culture and the Crash of 1720 (Yale, 2013) and most recently, Money Changes Everything: How Finance Made Civilization Possible (Princeton, 2016). He teaches portfolio management, alternative investments, real estate and financial history at the Yale School of Management.

Marina Niessner

Yale School of Management

Conference Organizer/Moderator

Professor Niessner’s main research interests are behavioral finance, financial social networks, and online media. In her recent work she uses opinions from a social network of investors, to develop a measure of investor disagreement and examine...

Professor Niessner’s main research interests are behavioral finance, financial social networks, and online media. In her recent work she uses opinions from a social network of investors, to develop a measure of investor disagreement and examine the extent to which different investment philosophies lead to more volatility in the stock market. Some of her other work documents that managers strategically time disclosures to benefit their insider trading, and examines the effects of product market advertising on financial markets. Dr. Niessner received her BA and PhD in Economics from the University of Chicago.

Jeffrey Bandman

Bandman Advisors

Panelist

Jeff Bandman is Founder and Principal of Bandman Advisors. Bandman Advisors is a consulting and advisory practice focused on innovation and regulation in financial services, with special expertise in FinTech and RegTech. Bandman Advisors was...

Jeff Bandman is Founder and Principal of Bandman Advisors. Bandman Advisors is a consulting and advisory practice focused on innovation and regulation in financial services, with special expertise in FinTech and RegTech. Bandman Advisors was formed to bridge the gaps in business, technology and regulatory strategy. Its approach applies his unique blend of market and regulatory experience to solve client business challenges. Previously, Jeff served in four senior leadership roles at the U.S. Commodity Futures Trading Commission from 2014-2017. As the CFTC’s first FinTech Advisor, he was Founding Director and architect of LabCFTC. LabCFTC is the CFTC's new hub for engagement with FinTech innovation – the first established by a U.S. market regulator. He led FinTech and RegTech coordination with domestic and international regulators, chaired an international regulator workstream on post-trade digital innovation, and founded and chaired the CFTC staff FinTech working group. Jeff previously led the CFTC's Division of Clearing and Risk, which oversees most of the world’s largest clearinghouses (CCPs) and clearing members. He led the negotiations resulting in “Clearinghouse Equivalence” with the European Commission. He originally joined the Commission as Special Counsel to Chairman Timothy Massad, and also led the CFTC’s Office of International Affairs. Jeff worked for many years in the financial industry in New York and London. He advised the Futures Industry Association on launching the SEF Tracker data product. As Head of Partnerships & Alliances of LCH’s SwapClear, he devised the innovative CCP Squared partnership program and championed development of the award-winning SMART margin simulator. He also helped design and launch the SwapClear "FCM service" for clearing interest rate swaps through US intermediaries. He was responsible for global arrangements with FinTech vendors, trading platforms, trade repositories, custodians and others in the OTC ecosystem. Mr. Bandman earlier worked on a variety of new market structure and FinTech initiatives in the derivatives industry in New York and London, including LiquidityHub and the Project Rainbow consortium. Before that he and managed Cantor Fitzgerald’s market data business after the events of September 11. Mr. Bandman started his career as an associate at Cravath, Swaine & Moore in New York, and was Americas General Counsel for Prebon Yamane, now part of the ICAP group. He graduated from Yale magna cum laude with honors in History and English, and escorted the Yale Bulldog, Handsome Dan XII, during his graduation ceremony. He has a law degree from Stanford with honors as a member of the “Order of the Coif". He is a five-time Jeopardy! Champion and spent his winnings backpacking around Africa, Asia and Europe

Ronald Coifman

Yale University

Speaker

Alberto Corvo

Motive Partners

Panelist

R.A. Farrokhnia

Columbia Business School

Speaker

Professor R.A. Farrokhnia is an award-winning Columbia University faculty member, with joint-appointments at the Schools of Business and Engineering; he is also a lecturer and Board Member of the Knight-Bagehot Program at Columbia Graduate School...

Professor R.A. Farrokhnia is an award-winning Columbia University faculty member, with joint-appointments at the Schools of Business and Engineering; he is also a lecturer and Board Member of the Knight-Bagehot Program at Columbia Graduate School of Journalism. A recipient of the Dean's Award for Teaching Excellence, Prof. Farrokhnia’s teaching and professional activities focus on the intersection of academia and practice. His academic and teaching endeavors center on the successful integration of deep industrial, operational, and business analyses with practical development and execution of inventive, design-centric growth solutions. His professional background encompasses innovation-driven principal investments, M&A, operations management, and turnaround/restructuring of established and start-up ventures, with an emphasis on financial services, technology, data, and media. The inter-disciplinary subject matters of Prof. Farrokhnia’s Business School Program and teaching are primarily on innovation, applied solutions, and entrepreneurship in finance and financial services, in particular Venture Capital, Private Equity, and Financial Technology (FinTech). His project-based and hands-on Engineering Program and course are on Design, Lean Product Launch, and Agile Project Management, with a special emphasis on lean user research, idea validation methods, iterative prototyping models, optimal team composition and venture infrastructures for rapid growth. Prof. Farrokhnia’s work with Columbia School of Journalism evolves around data analytics, storytelling through data, data visualization, and future of news and media platforms for journalistic endeavors. Lastly, his new and expanding Executive Education Programs at Columbia Business School, including “Idea to Prototype in Five Days,” are first of their kind tailored-made for corporate executive and entrepreneurs alike, built on a practical and execution-driven platform. Furthermore, Prof. Farrokhnia is currently the Founder and Executive Director of a multifaceted program at Columbia Business School, blending Business, Engineering, Design, and Storytelling as the four fundamental forces necessary for the formulation and execution of impactful ideas. He is also the founder and principal investigator of IMG DevLab, an Applied Solutions, Data Analytics, and Design lab as well as a venture incubation and growth platform based in New York. He previously led the ventures division of an asset management and finance firm, served as the Managing Principal of an international private equity fund, was the CFO of a FinTech company acquired by NYSE Group, and co-founded and managed as a Managing Partner an emerging-markets’ focused principal investments opportunity fund. Prof. Farrokhnia collaborates with Venture Capital and Private Equity funds as well as large corporations and new ventures on idea development and product launch. His research, work, and methodologies have been deployed in various startup and corporate enterprises as well as featured in various articles and books, chief among which “Sprint: How to Solve Big Problems and Test New Ideas in Just Five Days” (by Jake Knapp et al, Google Ventures), “How to Kill a Unicorn: How the World’s Hottest Innovation Factory Builds Bold Ideas That Make It to Market" (by Mark Payne, Fahrenheit 212), and other upcoming books. He attended Columbia University for both his undergraduate and graduate studies, and is active in startup, tech, and design communities around New York and Silicon Valley. He also has extensive global professional experience, including long-term residency in three continents and fluency in several languages.

Guy Filipeli

RedOwl

Panelist

Guy Filippelli is the Founder and CEO of RedOwl - a security startup that enables companies to improve their internal monitoring of digital activity in support of increasingly complex information security and regulatory challenges. Guy was born...

Guy Filippelli is the Founder and CEO of RedOwl - a security startup that enables companies to improve their internal monitoring of digital activity in support of increasingly complex information security and regulatory challenges. Guy was born in Cleveland, Ohio, holds a B.S. in Economics from the United States Military Academy at West Point, and received his B.A. and M.A. in Philosophy, Politics, and Economics from Oxford University, where he studied as a Marshall Scholar. In 2008, he was awarded the National Intelligence Medallion for his work in Iraq. In addition to leading RedOwl, Guy serves as Chairman of the Commit Foundation, a nonprofit helping returning veterans through leadership mentoring workshops and one-on-one transition assistance. RedOwl is based in Baltimore with offices in New York, San Francisco, and London.

Gregory Laughlin

Yale University

Panelist

Sunhil Madhu

Socure

Panelist

Maggie Parent

Voya Financial

Moderator

Dragomir Radev

Yale University

Panelist

Sally Rocker

JC Flowers

Panelist

David Slifka

YMCA Retirement Fund

Panelist

Olav Sorenson

Yale School of Management

Panelist

Olav Sorenson is currently the Frederick Frank ’54 and Mary C. Tanner Professor of Management and Director of the Core Curriculum at the Yale School of Management, and Professor of Sociology (by courtesy), at Yale University, where he teaches...

Olav Sorenson is currently the Frederick Frank ’54 and Mary C. Tanner Professor of Management and Director of the Core Curriculum at the Yale School of Management, and Professor of Sociology (by courtesy), at Yale University, where he teaches electives on entrepreneurial finance and venture capital, as well as modules on strategy, innovation and organization design. His primary stream of research pertains to economic geography, focusing on how entrepreneurship influences the growth and competitiveness of regions within countries. In particular, he has called attention to some of the unexpected consequences of the fact that social capital plays an important role in entrepreneurial success. Olav’s most recent projects within this stream have been examining whether the availability of venture capital influences regional entrepreneurship and economic growth, and how going to work for a startup affects the future careers of employees. Olav’s secondary streams of research have been on the relationships between basic science and innovation and on how organizations can better learn from their interactions with customers and from their manufacturing experience. In total, he has delivered more than 300 research presentations and has had more than 60 papers published on these subjects, in journals such as the American Journal of Sociology, the American Sociological Review, the Review of Economics and Statistics, Administrative Science Quarterly, Management Science, the Strategic Management Journal, and Research Policy. Olav serves as a Department Editor for the Organizations Department at Management Science, a Deputy Editor at Sociological Science and as the Editor of the SSRN Journal on Entrepreneurship and the Social Sciences. He has also served in editorial positions at eleven other journals. Prior to coming to Yale, Olav Sorenson held the Jeffrey S. Skoll Chair in Technical Innovation and Entrepreneurship at the University of Toronto (2006-2009), where he taught courses on both venture capital and the commercialization of technology. He has also held a professorship in Strategic and International Management at London Business School (2005-2006), associate and assistant professorships of Policy at UCLA (1999-2005), and an assistant professorship in Strategy at the University of Chicago (1997-1999). Olav has also had shorter-term visiting appointments at the Hong Kong University of Science and Technology, SDA Bocconi, Universidad Carlos III, Melbourne Business School and Singapore Management University. He grew up in South Dakota and received his bachelor’s degree from Harvard College and his master’s and doctoral degrees from Stanford University. He has also received an honorary doctorate from Aalborg University.

Gary Stern

Federal Reserve Bank of Minneapolis

Panelist

Gary Stern was President and Chief Executive Officer of the Federal Reserve Bank of Minneapolis from March 1985 to September 2009. Stern, a native of Wisconsin, joined the Federal Reserve Bank of Minneapolis in January 1982 as senior vice...

Gary Stern was President and Chief Executive Officer of the Federal Reserve Bank of Minneapolis from March 1985 to September 2009. Stern, a native of Wisconsin, joined the Federal Reserve Bank of Minneapolis in January 1982 as senior vice president and director of research. Before joining the Minneapolis Fed, Stern was a partner in a New York-based economic consulting firm. Stern's prior experience includes seven years at the Federal Reserve Bank of New York. Stern serves on the board of directors of E*TRADE Financial Corporation, S&P Ratings, Ambac Assurance Corporation, the Council for Economic Education (CEE), Hamline University, and the Depository Trust and Clearing Corporation, where he is Lead Director and Chair of the Board Risk Committee. Stern is co-author of Too Big to Fail: The Hazards of Bank Bailouts, published by the Brookings Institution (2004). Stern is a member of the FDIC's Systemic Resolution Advisory Committee. Stern holds an A.B. in economics from Washington University, St. Louis, and a Ph.D. in economics from Rice University, Houston. He formerly served as chair of the board of the Northwest Area Foundation, The Minneapolis Club, and Blue Cross Blue Shield of Minnesota. He was also a board member of FINRA, the Dolan Company, Minneapolis College of Art and Design, and ETS. Stern is the recipient of the 2009 Visionary Award from CEE, the Distinguished Alumnus Award from Washington University's College of Liberal Arts in 2010 and the Laureates Award from Rice University in 2017.

Sam Swift

Betterment

Panelist

Sam is the Director of Machine Learning at Betterment, a New York city startup helping to modernize personal investing and retirement planning by optimizing returns net of fees, taxes, and behavior. His team works to add value for customers...

Sam is the Director of Machine Learning at Betterment, a New York city startup helping to modernize personal investing and retirement planning by optimizing returns net of fees, taxes, and behavior. His team works to add value for customers through personalization and prediction. Previously at Betterment he was Director of Analytics & Data Science covering questions about product, marketing, finance, and investor behavior. Sam received his Ph.D. in Organizational Behavior from the Tepper School of Business at Carnegie Mellon University in 2012. His academic research focused on negotiation, decision making, and behavioral economics, and his work has been published in top management and psychology journals. Before coming to NYC, Sam was a postdoctoral scholar with affiliations at UC Berkeley, U Penn, and Duke University while running the data science operations of the ‘Good Judgment’ team. The team won a wisdom-of-the-crowds geopolitical forecasting tournament hosted by the US intelligence community.

Michelle Tuveson

Cambridge Centre for Risk Studies, University of Cambridge Judge Business School

Panelist

Dr Michelle Tuveson is Executive Director and a co-founder at the Cambridge Centre for Risk Studies at the University of Cambridge Judge Business School. She brings 20+ years of corporate experience within the technology and consulting sectors to...

Dr Michelle Tuveson is Executive Director and a co-founder at the Cambridge Centre for Risk Studies at the University of Cambridge Judge Business School. She brings 20+ years of corporate experience within the technology and consulting sectors to further the development of better risk models for the future. During Dr Tuveson's tenure, the Cambridge Centre for Risk Studies has become a world leading provider of research and thought leadership in scenario-based modeling of multi-disciplinary risks to businesses. Additionally, she leads the Cambridge Chief Risk Officers Council, chairs the Centre's Annual Risk Summits, is an IEEE Standards Committee Member on the General Principles for Artificial Intelligence, and former advisory board member to the World Economic Forum's Global Risk Report. She is a frequent commentator and speaker and her articles have been published in reports such as the Financial Times Special Report on Risk Management, Banking & Financial Services Policy Report (Wolters Kluwer), and Lloyd's Innovation Series on Emerging Risks. She earned degrees from MIT, Johns Hopkins, and University of Cambridge.

Paul Walker

Motive Partners

Panelist

Paul Walker is a Brooklyn-based technologist and philanthropist. He advises companies and investors in AI and FinTech, providing organizations with guidance in business, technology, people and product strategy. He is a senior advisor and member...

Paul Walker is a Brooklyn-based technologist and philanthropist. He advises companies and investors in AI and FinTech, providing organizations with guidance in business, technology, people and product strategy. He is a senior advisor and member of the global advisory council at Motive Partners. Paul spends his philanthropic energies working with organizations that provide opportunity and social capital to young adults through access to education, science, and critical reasoning. Paul retired as a partner from Goldman Sachs in 2015, where he co-headed the firm’s technology division and held roles in risk management and technology. He holds a PhD in Physics from the University of Illinois and a BA in Physics from Cornell University.

Patrick Wood

Kensho Technologies

Panelist

Patrick Wood is Head of Academic Research at Kensho Technologies, the leading provider of data analytics to sophisticated financial institutions and critical government agencies. In addition to serving the firm’s commercial and national...

Patrick Wood is Head of Academic Research at Kensho Technologies, the leading provider of data analytics to sophisticated financial institutions and critical government agencies. In addition to serving the firm’s commercial and national security clients, Patrick is responsible for Kensho's many collaborations with distinguished academic institutions and research teams worldwide. Patrick Wood joined Kensho from The Advisory Board Company, a global research and technology company based in Washington, DC. Prior to his time in Washington, Patrick was a professor at Boston University. In addition to publishing in peer-reviewed journals, he has delivered lectures and seminars at institutions including the Max-Planck-Institut in Berlin, Oxford University, Yale University, the University of Pennsylvania, and the European University Institute in Florence. He also serves on the Board of Directors for CAIR Coalition, a Washington-based non-profit for immigrants’ rights, and holds a part-time faculty appointment at NYU. Patrick earned a PhD from Princeton University and an undergraduate degree from Oxford University.

Paolo Zannoni

Goldman Sachs

Panelist

Sponsors

Hotel Information:
The Omni Hotel

155 Temple  Street
New Haven, CT 06511
203-772-6664
Hotel Reservation

Parking
(Details to Come)

Questions
 Contact icf@yale.edu