TCH Annual Conference

Conference Program

The goal of The Clearing House Annual Conference is to deepen the understanding of the changing banking and payments landscapes and the shifting policy environment for banks.

Payments
Payments Track: Advancing Banking & Payments in the Digital Age
Regulatory
Regulatory Track: Shaping Policy in Banking and Payments
8:30 AM - 9:15 AM
Registration, Breakfast, & Networking
9:15 AM - 9:20 AM
Welcome Remarks
  • David Watson
    President and CEO, The Clearing House
9:20 AM - 10:20 AM
Market Perspectives on the Banking Industry: Where Are We Now?
The economy, interest rate environment, technology shifts, advancements in payments infrastructure, changing consumer behaviors, regulation and non-bank competition, among other factors, are all forces influencing the landscape for the country’s financial institutions. This panel convenes leading industry analysts, investors, and practitioners with deep knowledge of banking for market perspectives on the state of the industry. Areas of focus during this session will include how financial institutions are responding to current trends, along with the implications for their customers, shareholders, and the financial system more broadly. Panelists also reflect on the outlook for the industry in the coming years.

Panelists:

  • Manan Gosalia
    Executive Director and Head of U.S. Midcap Banks Research, Morgan Stanley
  • Eugene A. Ludwig
    Former U.S. Comptroller of the Currency; Founder and CEO, Ludwig Advisors; Managing Partner, Canapi Ventures
  • Thomas B. Michaud
    President & CEO, Keefe, Bruyette & Woods
  • Erika Najarian
    Managing Director, Large-Cap Banks & Consumer Finance, UBS

Moderator: Mitch Eitel
Managing Partner, Financial Services Group, Sullivan & Cromwell LLP

10:30 AM - 11:30 AM
  • Payments The Next Three Years in Banking, Technology & Payments
    This session dives into the trends and cutting-edge enhancements that are reshaping the banking industry. These include tools and technologies being deployed to advance the customer experience, reduce risk, and enable better ways of doing business. Perspectives on real-time payments, APIs, artificial intelligence, and cross border payments are top of mind as ways to shape and deliver the future of banking and payments.

    Panelists:

    • Sean Graham
      VP of Product, Avidxchange
    • Ron Karpovich
      Managing Director, Head of Client Solutioning, EF&S, JP Morgan Chase
    • Will Montgomery
      CTO, Thought Machine
    • Pedro Silva
      Co-founder & CEO, Alviere

    Moderator: Marie-Claude Nadeau
    Senior Partner, Payments Practice, McKinsey & Co.

  • Regulatory The Future of Consumer Data: DFA 1033, Open Banking and Beyond
    The CFPB’s release of its proposed rule to implement Section 1033 of the Dodd-Frank Act this Fall, will lead to the first regulatory framework for consumer financial data sharing. This panel will feature voices from across the “open banking” ecosystem— banks, data aggregators and intermediaries, and data receiving non-banks—discussing key regulatory priorities including the role of a standard setting organization for data sharing and the interrelation of the rulemaking with other regulatory obligations, such as third-party vendor management.

    Panelists:

    • Don Cardinal
      CEO, FDX
    • Elan Mendel
      Assistant General Counsel, Regulatory Affairs, Mastercard
    • Courtney K. Robinson
      Head of Regulatory Affairs, Block
    • Natalie Talpas
      SVP, Digital Product Group Manager, The PNC Financial Services Group

    Moderator: Thomas G. Ward
    Partner, Sidley

11:30 AM - 12:30 PM
  • Payments AI in Banking as the New Differentiator
    Banks and other businesses have been using artificial intelligence (AI) for a long time. Now new forms of AI – especially generative AI – open enormous opportunities to differentiate almost every area of services and operations. This session explores the opportunities and risks of deploying generative and other AI models in banking and the payments industry.

    Panelists:

    • Jody Bhagat
      President of Americas, Personetics
    • Hari Gopalkrishnan
      Head of Consumer, Business & Wealth Management Technology, Bank of America
    • Rizwan Khalfan
      EVP & Chief Digital & Payments Officer, TD Bank
    • Neha Narkhede
      Co-founder and CEO, Oscilar

    Moderator: Peter Hazou
    Director, Business Development, Financial Services Industry Team, Microsoft

  • Regulatory Developments in Digital Identity & Data Privacy
    As more commerce has moved online, from payments to bank account opening, the need to verify the identity of individuals natively in the online experience has increased. The panel discusses the evolving solutions for digital identity, the ability of these solutions to successfully identify and reduce fraud, and the tensions of increased sharing of payments data with consumer privacy.

    Panelists:

    • J.D. Fichtner
      Assistant General Counsel, Citizens Bank
    • Jeremy Grant
      Coordinator, Better Identity Coalition
    • Zoe Strickland
      Senior Fellow, Future of Privacy Forum
    • Kay Turner
      Chief Digital Identity Advisor, FinCEN

    Moderator: Nancy Libin
    Partner, Davis Wright Tremaine LLP

12:30 PM - 1:15 PM
Conference Lunch
1:15 PM - 2:15 PM
Keynote Speaker
  • Daniel Susskind
    Research Professor in Economics, King's College & Senior Research Associate at the Institute for Ethics in AI, Oxford University
2:25 PM - 3:25 PM
CEO Roundtable on the Business of Banking
The landscape for U.S. financial institutions continues to evolve in response to the economy, interest rates, technology shifts, changing consumer demands and other trends. This session convenes leading bank CEOs to provide perspective on the key issues for the industry today, including meeting customer needs, the regional and national economic picture, technology and innovation in banking, modernizing payments, and managing a bank in the digital age.

Panelists:

  • Andrew Cecere
    Chairman, President & CEO, U.S. Bancorp
  • William S. Demchak
    Chairman, President & CEO, The PNC Financial Services Group
  • Curtis C. Farmer
    Chairman, President & CEO, Comerica Bank
  • Michael M. Roberts
    CEO, HSBC U.S. & Americas

Moderator: Sharon Marcil
North America Chair, Managing Director and Senior Partner, BCG

3:30 PM - 4:30 PM
  • Payments Tackling Fraud as One
    Fraud is a topic of concern to everyone in the payments business. The methods of addressing fraud are wide-ranging, from distributed to centralized, with pros and cons for each. This session addresses ways to bring the industry together using technologies, tools, and data for the benefit of all financial institutions.

    Panelists:

    • Allegra Angus
      Head of Product, NICE Actimize
    • Ben Chance
      Chief Fraud Risk Officer, EWS
    • Jennifer Ehresman
      Head of Consumer Client Protection, Bank of America
    • Johan Gerber
      EVP, Security & Cyber Innovation, Mastercard

    Moderator: Robert Mara
    Principal, Overall Fraud Leader in the Americas for Financial Services, Ernst & Young LLP

  • Regulatory Minting Token Money: Digital Deposits, Stablecoins, and CBDCs
    Dollar-denominated digital asset tokens are being issued by nonbanks, commercial banks, and central banks leading the U.S. Congress to actively consider multiple legislative proposals to establish a legal framework that would govern such tokens. This panel will discuss the advantages and drawbacks of tokenized money, the experiences with products in market, the benefits and risks of programmability, and insights for the effective regulation of these products.

    Panelists:

    • John Court
      EVP, Head of Regulatory Affairs, GC & COO, Bank Policy Institute
    • Graham Steele
      Assistant Secretary for Financial Institutions, U.S. Department of the Treasury
    • Corey Then
      VP, Global Policy, Circle
    • Nelli Zaltsman
      Head of Platform Settlement Solutions, Onyx Digital Payments by J.P. Morgan

    Moderator: Stephen Salley
    Partner, Sullivan & Cromwell LLP

4:35 PM - 5:35 PM
  • Payments The Real-time Payments Customer Experience
    With real-time payments available for more than five years, most corporations, small businesses, and individuals are reasonably aware of the concept of sending or receiving funds immediately. What is not as well understood is how businesses of all kinds can leverage these ground-breaking capabilities (like RfP) to transform their offerings. This session provides real-life stories from practitioners who have successfully differentiated their services with realtime payments – and the central themes that apply to any industry segment.

    Panelists:

    • Leigh Lytle
      Head of North American Policy, Plaid
    • Rob Nardelli
      Director of Commercial Banking, Daily Pay
    • Stacey Rosenthal
      VP, Platform Development, PayPal/Venmo
    • Andrew Seaman
      VP, Treasurer, Apex Clearing Corporation

    Moderator: Inderpreet Batra
    Managing Director and Senior Partner, Head of Payments, North America, BCG

  • Regulatory Key Topics in Consumer Financial Services Regulation and Enforcement
    From key enforcement actions over “junk fees” to UDAAP to payments processing to a forthcoming rule to directly supervise the larger participants in markets for consumer payments, the CFPB is profoundly shaping both consumer finance and the electronic payments markets. This panel discusses recent trends in CFPB enforcement actions and regulation with voices from in-house counsel and outside perspectives.

    Panelists:

    • Kelvin Chen
      SEVP, Head of Policy, Consumer Bankers Association
    • Brian Johnson
      Managing Director, Patomak Global Partners
    • Ebony Johnson
      SVP, Associate General Counsel, Truist
    • Ashwin Vasan
      Associate Director for Research, Monitoring, and Regulations (RMR) and Senior Advisor to Director Chopra, Consumer Financial Protection Bureau

    Moderator: Eric Mogilnicki
    Partner, Covington

5:35 PM - 6:30 PM
Annual Conference Reception
8:00 AM - 8:45 AM
Breakfast
8:45 AM - 9:45 AM
Keynote Speaker
  • Michael S. Barr
    Vice Chair for Supervision, Federal Reserve Board

    in conversation with Joe Weisenthal and Tracy Alloway, "Odd Lots" Podcast, Bloomberg

10:00 AM - 11:00 AM
  • Payments Open Banking and Embedded Banking: The Value of Interconnecting Ecosystems
    It’s always been true that payments are an inherent part of business transactions. What’s changing is where those payments are being initiated – increasingly embedded in the business application itself, which changes the source and nature of financial institutions’ relationships. Financial institutions need to understand embedded payments and the implications – both positive and negative – and ways to respond.

    Panelists:

    • Tom Bianco
      General Manager, Newline™, by Fifth Third
    • Paul LaRusso
      CEO, Akoya
    • Michael Tannenbaum
      COO/CFO, Brex

    Moderator: Zachary Aron
    Principal, Global and U.S. Banking and Capital Markets Payments Leader

  • Regulatory The Elephant in the Room: Compliance and Public Policy Initiatives for Faster, Cheaper, and More Accessible Cross-Border Payments
    Significant public and private sector resources have been devoted to improving cross-border payments over the past three years. While the public sector drives an ambitious G20 roadmap that seeks to enable faster, cheaper, more transparent and more accessible cross-border payments, the private sector continuously seeks to develop new technologies and services to improve the end-user, cross-border experience. This panel will discuss the elephant in the room: the need to relate expectations for a new era of cross-border payments with the realities of compliance expectations and practices that reflect national security interests and supervisory expectations.

    Panelists:

    • Brian Grant
      Managing Director, Global Head of Financial Crimes Compliance Operations, MUFG
    • Alan Ketley
      Executive Secretary, The Wolfsberg Group
    • Michael Knorr
      CIB Industry & Advisory Leader, Global Treasury Management, Wells Fargo Bank
    • Suzanne Williams
      Deputy Associate Director, Supervision and Regulation Division, Board of Governors of the Federal Reserve System

    Moderator: Derek Bush
    Partner, Cleary Gottlieb

11:00 AM - 12:00 PM
  • Payments Banking in the Cloud
    The Cloud is a well-established technology being used in business and banking in many ways, including to process payments. The next conversation is about finding other ways financial services can leverage the power of the Cloud to streamline their operations, increase scale, and improve customer experiences. In this session, panelists share perspectives of the future of Cloud technology in banking and payments.

    Panelists:

    • Jon R. Briggs
      EVP, Commercial Payments, KeyBank
    • Manish Gurukula
      CEO and Co-founder, Alacriti
    • Charith Mendis
      VP, Market Development in Banking, AWS
    • Dhiraj Rattan
      EVP, CIO, Consumer Bank, Citizens Bank
    • Lou Senko
      SVP, Chief Availability Officer, Q2

    Moderator: Joe Proto
    Board Chairman, Director and Advisor to Emerging FinTechs

  • Regulatory Trends to Watch in Bank Supervision & Enforcement 2024
    From sanctions compliance to third-party oversight and UDAP to interest-rate risk, 2023 has seen a variety of supervision and enforcement priorities pursued by the federal financial regulators. Panelists from the federal banking agencies, U.S. Department of the Treasury, and a bank General Counsel discuss the supervisory and enforcement environment of the past year and offer commentary on what we are likely to see as 2024 unfolds.

    Panelists:

    • Michael Gibson
      Director, Division of Banking Supervision and Regulation, Federal Reserve Board
    • Patricia S. Grady
      Deputy Chief Counsel, Office of the Comptroller of the Currency
    • Neil MacBride
      General Counsel, U.S. Department of the Treasury
    • Brent J. McIntosh
      Chief Legal Officer & Corporate Secretary, Citigroup Inc.

    Moderator: Preet Bharara
    Partner, WilmerHale

12:00 PM - 12:45 PM
Conference Lunch
12:45 PM - 1:45 PM
Keynote Speaker
  • Meghan O'Sullivan
    Geopolitical Authority and Former Presidential Advisor, Professor of International Affairs, Harvard University

    Followed by Q&A with H. Rodgin Cohen, Senior Chair, Sullivan & Cromwell LLP

1:55 PM - 2:55 PM
  • Payments Competing Models in the Cross-Border Landscape
    The need to support economical, faster, and more transparent crossborder payments is increasingly apparent, driven by rising customer expectations for ease and speed in global transactions. In addition, regulators around the world are focused on improving cross-border payments. These developments have inspired a proliferation of alternative models to solve the cross-border challenge, from wholesale CBDCs to stable coins to inter-linking existing infrastructures and others. This session explores these competing models and considers the opportunities and challenges to realize the promise of frictionless cross-border payments.

    Panelists:

    • Stephen Grainger
      CEO, Americas and UK, Swift
    • Sebastian Kucharek
      Global Head of USD Clearing, Citi
    • Hays Littlejohn
      CEO, EBA Clearing
    • Ryan Zagone
      Head of Bank Partnerships for Americas, Wise

    Moderator: Courtney Trimble
    Global Head of Payments, KPMG LLP

  • Regulatory Banking in the New Monetary Order: Adapting Business Models and Balance Sheets to the New Policy Environment and Payments Innovations
    Finance is undergoing fundamental changes in response to the exit from a dozen years of near-zero interest rates, combined with increasingly-important impacts from online banking apps, social media, new forms of payment and other innovations. This panel addresses how regulation is changing in response to these developments and considers how banks and other financial institutions should adapt to the new environment.

    Panelists:

    • Daryl Bible
      CFO, M&T Bank
    • Jelena McWilliams
      Managing Partner and Head of the Financial Institutions Group, Cravath
    • Ryan M. Nash
      Managing Director, Goldman Sachs

    Moderator: Douglas J. Elliott
    Partner, Oliver Wyman

3:00 PM - 4:00 PM
  • Payments The Upside of 24/7 Liquidity Management
    An environment of higher rates and quantitative tightening, along with the demands of a 24/7 marketplace, place a premium on effective liquidity management. This session explores how participants are responding to the new environment, and how effective liquidity management can deliver a comparative advantage in economic cost savings, financial stability benefits, and customer service value.

    Panelists:

    • Lisa Coffey
      Chief Innovation Officer, Corporate America Credit Union
    • Tom Lang
      EVP, Head of Treasury Management Product and Operations, The PNC Financial Services Group
    • Phillip Straley
      President, FNA

    Moderator: Leo Lipis
    CEO, Lipis Advisors

  • Regulatory The Politicization of Financial Services: Are Banks and Payment Systems Being Used as Social Instruments by Policymakers and Regulators?
    In recent years, financial institutions have faced pressure to take actions driven by political and ideological goals -- from sanctions to consumer protection, to aims on cryptocurrency, guns, cannabis and more. This panel explores government intervention in financial services to advance public policies and social mores and assesses the impact of these efforts and how they may evolve going forward.

    Panelists:

    • Chris Brummer
      Professor, Georgetown Law
    • Kimberly M. Ford
      SVP, Government Relations, Fiserv
    • Aaron Klein
      Miriam K. Carliner Chair and Senior Fellow in Economic Studies, Brookings Institute
    • Todd J. Zywicki
      George Mason University Foundation Professor of Law, Antonin Scalia Law School

    Moderator: Duncan Douglass
    Partner, Alston & Bird