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Financial Services Symposium: How FinTech Is Transforming An Industry Event Overview

October 30, 2018

Charles V. Abraham

On October 9, 2018 at the Omni Berkshire Place Hotel in New York City, we had the pleasure of hosting 115  clients and contacts at our third annual Financial Services Symposium.

This year’s exciting panel discussion was on the ways in which fintech is transforming Financial Services.

2018 is the 10-year anniversary of the paper written by Satoshi Nakamoto on Bitcoin. During that time, we have seen incredible innovation surrounding fintech. As the fintech marketplace continues to evolve (and the definition of “fintech” matures), virtual currencies, marketplace lending, and tokens are pushing the boundaries of financial services and its regulatory frameworks, as well as transforming the financial services landscape around traditional lending, banking, and securities markets.

Andre Sterley, Mazars USA’s Digital Asset Group Leader, led the panel, consisting of Charles Abraham of Mazars USA, Jeffrey Alberts of Pryor Cashman, Tim Furey of The Satis Group and Paul Johnson of Harbor Peak.

The discussion centered around:

  • digital assets,
  • tokenization of real assets,
  • the OCC’s new national charter for special purpose banks,
  • recent regulatory actions, and
  • accounting, audit, and tax considerations.

Over the course of two hours we had a lively discussion about the above topics, including what each panelist thought would be the most important innovation and what the future of banking would look like.

 


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