Introduction to Finance of Tomorrow

Where: Museu do Amanhã Auditorium

Confirmed Participants: Gavin Littlejohn - Potion; Otávio Damaso - Banco Central do Brasil; Sheldon Mills - FCA UK; Chicão Bulhões - Prefeitura do Rio; Lucas Padilha - Rio Capital do G20; Ricardo Piquet - IDG

Market Challenges in Latin America and Caribbean

Where: Museu do Amanhã Auditorium

Confirmed Participants: Marco Araujo - Potion (MOD); Eduardo Lopes - Zetta; João Pedro Nascimento - CVM; Pedro Inchauspe - Banco Central Argentina

Topics:

• Market Challenges in Latin America and the Caribbean
• Overview of economic, social and environmental factors
• Opportunities for policy and regulatory development to catalyse the private sector to drive positive impact

Impactful Policy Opportunities - Environmental, Social & Governance (ESG)

Where: Museu do Amanhã Auditorium

Panel 1 Confirmed Participants: Bianca Lopes - Potion (MOD); Jayshree Venkatesan - Accion; Uraan Anderson Surui - Vice-Cacique Geral do Povo Paiter-Suruí, Willy Edmundo Carranza - ASFI Bolivia

Topics:

• Opportunities to drive Inclusion
• Identity as an enabler
• Mobile Networks and access to basic banking and wallet services
• Digitisation driving the economy and increasing wealth

Panel 2 Confirmed Participants: Rogério Studart - Aventures (MOD); Pedro Parente - RTML

Topics:

• Nurturing private and public sector collaboration for the common good in a competitive market
• Driving better societal outcomes through public policy and shared infrastructure
• Open Data to improve supervision and reporting, to combat fraud and financial crime
• Open Data to support environmental issues and fight climate change

New Model Enablers - Open Finance, Open Data, Open Payments

Where: Museu do Amanhã Auditorium

Panel 1 Confirmed Participants: Kevin Cowan - UAI (MOD); Sheldon Mills - FCA/UK; Diego Herrera - IADB

Topics:

• Driving Better Outcomes for People: Value, Convenience and Security, Inclusion

Panel 2 Confirmed Participants: Gavin Littlejohn - Potion (MOD); Carla Moraes - Oracle; Sandra Milena Villota Mariño - SFC/COL

Topics:

• Driving Better Outcomes for Small Businesses: Business Efficiency, Decision Making and Digitisation, Access to Finance, driving economic growth, Reporting and Tax Collection

Regulatory and Technology Developments in Latin America & Caribbean

Where: Museu do Amanhã Auditorium

Panel 1 Confirmed Participants: Bruno Balduccini - Pinheiro Neto (MOD); Otavio Damaso - Banco Central do Brasil; Kevin Cowan - UAI; Humberto Colmán - Banco Central del Paraguay

Topics:

• Major developments: Observing the Brazilian implementation, Countries with new laws and regulations, Technical developments, Key challenges, Capability gaps, Funding gaps, Opportunities for alignment

Panel 2 Confirmed Participants: Ana Carla Abraão - B3 (MOD); Jose Martin Inthamoussu - Banco Central do Uruguai; Marcos Pinto - Ministério da Fazenda/BR; Paola Rocio Peña - URF/COL

Topics:

• Market conditions for growth: Reducing friction for businesses, Applying to be regulated in multiple jurisdictions, Developing cross border businesses

Plano Real: The Next Thirty Years of Finance

Where: Museu do Amanhã Auditorium

Confirmed Participants: Rafaela Nogueira - Nubank (MOD); Pedro Malan - Moura Rocha & Malan; Gustavo Franco - Rio Bravo Investimentos; Pedro Dória - Meio

Topics:

• 1994 - Brazilian Real Economic Plan
• Trends and Key challenges for the next 30 Years

Deep Dive 1 powered by Davis Polk

Liability Frameworks in Open Finance and Open Data

Where: Maravalley Room 4

Roundtable Confirmed Participants: Gavin Littlejohn - Potion (MO); Matheus Rauber - Banco Central do Brasil; Janaína Balsanupho Soares - Banco Central do Brasil; Rubens Vidigal - OF Board; Jamile Leao - Capgemini; Daniel Levi - Beccar Varel; Marcel Leonardi - Leonardi Advogados; Daniela Jaime Pena - Colombia Fintech

Topics:

• Alignment between financial sector law and privacy law
• Coverage for both consumers and businesses
• Dispute resolution between regulated actors
• Customer protection and compensation
• Use of cyber risks insurance to protect firms and their customers
• Payments resolution with third party payment initiators
• Regulatory developments and market experience
• Regulation or ‘scheme’ based approach to open payments

Deep Dive 2

API Security in Open Payments and Open Data

Where: Maravalley Room 2

Roundtable Confirmed Participants: Barry O'Donohoe - Raidiam (MOD); Daniel Santana - Itaú; Joseph Heenan - OpenID Foundation; Alessandra Monteiro Martins - APA Consulting; Elcio Calefi - OpenID Foundation; Sarah Nur - US Treasury

Topics:

• Data in transit and data at rest
• International models and approaches
• FAPI Standards: Attack and threat vectors, Mathematical proofs and testing, Identity and registration, Security profiles, Conformance test harness, Adoption and market reaction
• Trust frameworks and digital directories
• Vendor maturity reducing costs and supporting compliance

Deep Dive 3 powered by Stripe

Development of Interoperable Payment Systems

Where: Maravalley Room 1

Roundtable Confirmed Participants: Bruno Diniz - Spiralem (MOD); Angelo Duarte - Banco Central do Brasil; Lucio Holanda - Banco Central do Brasil; Lucas Vargas - Nomad; Thais Mendonca - Stripe; Leticia Taveres - Wise; Fábio Araújo - Banco Central do Brasil; Mattias Filipo - Mercado Libre

Topics:

• Interoperable interbank payment systems and technical standards
• Cross border payments, efficiency and risk
• Accessing the ecosystem
• Correspondent banking
• Case Studies: Codi and Dimo, Pix and Drex, Growth of wallets

Deep Dive 4

Asset Tokenization and Network

Where: Maravalley Room 3

Roundtable Confirmed Participants: Jai Massari - Lightspark (MO); Antonio Berwanger - CVM/BR; Bruno Gomes - CVM/BR; Antonio Marcos - Banco Central do Brasil; Ricardo Bechara - Loopi; Thomas Otendal - Tameio

Topics:

• Tokenization as a mechanism of supporting new business models
• Token taxonomy: financial asset, securities, receivables
• Governance: new roles and responsibilities
• Building a network (railways) which is fully interoperable: break it and build or improve current infrastructure

Deep Dive 5

Asset Tokenization, CBDCs, Stablecoins & Virtual Assets Service Providers

Where: Maravalley Room 3

Panel 1 Confirmed Participants: Tatiana Guazzelli - Pinheiro Neto (MOD); Julia Rosin - Bitso; Nagel Paulino - Banco Central do Brasil; Nicole Dyskant - Fireblocks

Topics:

• Licensing requirements: new comers, use of financial licences, and capital requirements
• Risk from customer and prudential perspectives: segregation of assets, KYC, fraud prevention
• Cross border services: local x foreign (registrations and exemptions), interoperability, dispute resolution

Panel 2 Confirmed Participants: Jihane Halabi - Halabi Advogados (MOD); Fábio Araújo - Banco Central do Brasil; Reinaldo Rabelo - Mercado Bitcoin; Antonio Berwanger - CVM/BR

Topics:

• The advancement of stablecoins as an alternative to unbacked DeFi crypto assets
• CBDC or stablecoin? Are they effective DLT settlement currencies
• Hurdles for implementation of CBDCs (Drex)
• CBDCs are instruments to leverage further innovation - giving birth to new instruments

Deep Dive 6

Investors' perspectives - Conditions for investment

Where: Maravalley Room 2

Panel 1 Confirmed Participants: Carol Strobel - Antler (MOD); Fabio Guarda - Galapagos; Chicão Bulhões - Prefeitura do Rio

Topics:

• Scale Ups - Decisions on where to invest
• Regulatory risks - venture capital and private equity perspectives
• Fintech strategies and decision making

Panel 2 Confirmed Participants: Mariano Biocca - Fintech Argentina; Gabriel Santos - Colombian Fintech; Glauber Mota - Revolut; Fernanda Garibaldi - Zetta

Topics:

• Financial Institutions - Cross border expansion challenges
• Regulators Perspectives
• View from the Associations

Deep Dive 7 powered by Chicago Advisory

Governance and Funding of an Open Finance Ecosystem

Where: Maravalley Room 1

Roundtable Confirmed Participants: Kevin Cowan - UAI (MOD); Carlos Jorge - Chicago Advisory; Thais Figueiredo - Banco Central do Brasil; Diego Perez - ABFintech; Francisco Ferreira - Open Co; Ivo Mosca - Febraban; Daniela Jaime Pena - Colombia Fintech; Álvaro Castro - Clara; Gavin Littlejohn - Potion; Jane Moore - FCA/UK

Topics:

• Market led v regulatory led
• Minimum scope, market incentives and premium APIs
• Compulsion and reciprocity
• Key stakeholders and engagement strategies
• Policy development and making decisions
• Contracting services
• Financing options

Deep Dive 8

Cohesive ID and Economic Crime

Where: Maravalley Room 4

Roundtable Confirmed Participants: Bianca Lopes - Potion (MOD); Juliana Mozachi - Banco Central do Brasil; Guilherme Jose - Banco Central do Brasil; Adriano Volpini - Itaú; Pablo de la Riva - AntSwarm; Fabiola Marchiori - Nubank

Topics:

• Digital ID and federating claims
• New customer onboarding
• Economic crime vectors
• Identity of actors in the consent flow
• Open banking payments - confirming the payee, avoiding scams
• Open finance data - protection against identity theft
• Big data collaboration - regulatory reporting

Innovation, Competition, Prudential Stability and Customer Protection

Where: Maravalley Room 1

Confirmed Participants: Gabriel Galipolo (BC) and Sheldon Mills (FCA)

Topics:

• Discussion on different market approaches
• Balancing: Innovation agenda, creating healthy and competitive markets, maintaining safe and sound financial systems, enhancing consumer protections, safeguarding against financial crime

Deep Dive 9 powered by BMP

Consumer Use Cases: Banking-as-a-service and Embedded Finance

Where: Maravalley Room 1

Panel 1 Confirmed Participants: Mareska Tiveron - Viseu Advogados (MOD); Guilherme Thémes - Banco Central do Brasil; Paulo Foratini - Ifood; Alessandro Raposo - Zoop; Ricardo Leal - Grupo OLX

Topics:

• Banking as a Service: Access to agency services, Credit flows, Settlement

Panel 2 Confirmed Participants: Filipe Damian Préve - Banco do Brasil (MOD); Jose Reynaldo Furlani - Banco Central do Brasil; Rafael Goulart - Pomelo; Carlos Benitez - BMP; Karthik Venkataraman - ACCION

Topics:

• Embedded finance: Managing consent across stakeholders, Affordability in lending, Payments and collections

Deep Dive 10 powered by Oracle

Private and Public Sector Innovation Enabling Services

Where: Maravalley Room 2

Panel 1 Confirmed Participants: Andre Olinto - Chicago Advisory (MOD); Giuseppe Janino - Digital Election Consulting; Nagel Paulino - Banco Central do Brasil; Bento Bueno - Oracle; Fabio Caldeira - Ozone

Topics:

• Regulatory and Innovation Sandboxes
• Model banks and other model API environments
• Quality of Testing

Panel 2 Confirmed Participants: Sonya Cunningham - Potion (MOD); Gavin Littlejohn - Potion; Veruska Aragão - Banco Central do Brasil; Emmanuel - Ministério da Fazenda do Brasil

Topics:

• Data Science-as-a-service - innovation platforms
• High fidelity synthetic data assets
• Code libraries and open source API configurations
• Cloud platforms and model instances

Deep Dive 11

Technical Standards Development in Open Data and Open Payments

Where: Maravalley Room 3

Roundtable Confirmed Participants: Adriana Camargo - WLF (MOD); Valter Arlindo - Banco Central do Brasil; Joseph Heenan - OpenID Foundation; Miguel Santos Luparelli Mathieu - FacePhi; Francisco Leme - Open Insurance

Topics:

• Consent flows and consent management across platforms: Fine grained customer control, Customer experience guidelines
• Managing ongoing upgrades, versions and breaking changes, Key challenges, Communication between actors
• Data payloads and priority sequencing: Identifying the parties and metadata, Payments data, Initiating payments as a Third Party Provider, Cash savings, loans, mortgages, Insurance, Investments and pensions, Energy, telecoms and health, Government and social support, Social graph and big-tech data assets

Deep Dive 12

Accounting for Carbon Emissions

Where: Maravalley Room 4

Roundtable Confirmed Participants: Paulo Miranda - DeepESG (MOD); Weber Amaral - USP; Jose Pugas - JGP Credito; Uverlan Primo - Banco Central do Brasil; Amaro Gomes - DeepESG; Bianca Lopes - Potion; Fernando Constantino - CVM/BR

Topics:

• Key data requirements
• Accounting requirements: recognition, measurement and disclosure (CVM OCPC 10)
• Open Data to support sustainability (IRFS-ISSB) and improved reporting
• High Integrity Carbon Removal - standards and national codes
• Audit of offsets and removals in financial statements
• Taxation and R&D Framework
• Sustainability Taxonomy

Deep Dive 13

Navigating the Betting Landscape in Brazil

Where: Maravalley Room 4

Roundtable Confirmed Participants: Beatriz Melges - SoftConstruct (MOD); Rafael Brunacci - Oddin.GG; Guilherme Sadi - Sadi Morishita; João Alves - BetMotion and NossaBet; Rodrigo Del Monaco - BTG Pactual

Topics:

• Regulatory Framework and Compliance
• Technological Innovations in Betting
• Market Analysis and Consumer Trends
• Investment and Economic Impact
• Marketing and Customer Acquisition
• Future of Betting in Brazil

Deep Dive 14 powered by AWS

Managing AI and Consumer Risks in a Modern Data Economy

Where: Maravalley Room 1

Roundtable Confirmed Participants: Ruth Wandhofer - Potion (MOD); Antonio Marcos - Banco Central do Brasil; Rony Vainzof - VLK Advogados; Gavin Littlejohn - Potion; Arturo Cabanas - AWS; Sarah Nur - US Treasury

Topics:

• Clarity of consent and customer control
• Data ethics - setting the guard rails for industry
• Privacy law, financial sector law and cross sector regulatory alignment
• Rise of AI in risk forecasting, customer onboarding and business processes
• Testing for algorithmic bias and discrimination
• Potential use of homeomorphic and searchable encrypted data
• G20 perspectives: concentration of capacities, datasets, and infrastructures in a few actors, thus not reflecting the diversity of linguistic, cultural, racial, and geographical contexts.

Deep Dive 15

G20 - Perspective and Contribution

Where: Maravalley Room 3

Roundtable Confirmed Participants: Sara Oliveira - Fenasbac (MOD); Rodrigoh Henriques - Fenasbac; Fábio Araújo - Banco Central do Brasil; Ingrid Barth - AbStartups;

Topics:

• Digital Economy: connectivity, digital government, integrity of information and AI
• Open Innovation and technological access as means to reducing inequalities and promoting inclusive, fair, and sustainable development
• Resilient and inclusive Infrastructure
• Innovative instruments for securing financial investment
• Financial Inclusion
• FoT’s contribution to G20

Deep Dive 16

Technology Implementation of Open Finance & Business Benefits

Where: Maravalley Room 2

Panel 1 Confirmed Participants: Élcio Calefi - Chicago Advisory (MOD); Valter Arlindo - Banco Central do Brasil; Fábio Caldeira - Ozone; Matheus Rauber – Banco Central do Brasil

Topics:

• API performance
• API availability
• Conformance to security profile
• Conformance to minimum scope
• Regulatory supervision of qualities
• Technical measurements and transparency of results
• Managing ongoing upgrades, versions and breaking changes: Key challenges, Communication between actors

Panel 2 Confirmed Participants: Marcos Cavagnoli - FinTech & Finance Expert (MOD); Janaina Attie - Banco Central do Brasil; Ivo Mosca - Febraban; Priscila Faro - Mercado Pago

Topics:

• Current Status of Open Finance in Brazil
• Lessons learned and future ambitions
• Synergies among products (Pix, Drex)
• Customer impact

Innovation, Competition, Prudential Stability and Customer Protection

Where: Maravalley Room 1

Confirmed Participants: Renato Gomes – Banco Central do Brasil; Marco Araújo - Potion

Topics:

• Discussion on the impact of the digital economy and instruments
• Payment system recent development and its impact on financial inclusion and competition
• Tokenization: benefits (wholesale and retail perspectives)
• New entrants into the financial market: challenges and opportunities from the regulator’s perspectives (big techs and start ups)
• Use of data by payment system providers

Deep Dive 17 powered by Febraban

The Regulatory Process - Applicants and Regulators Perspectives

Where: Maravalley Room 1

Roundtable Confirmed Participants: Marco Araujo - Potion (MOD); Luciano Roman - Banco Central do Brasil; Ivo Mosca - Febraban; Carlos Urrutia - Revolut; Juliana Mozachi - Banco Central do Brasil; Jose Reynaldo Furlani - Banco Central do Brasil; Daneil Levi - Beccar Varela; Gabriel Santos - Colombia Fintech; Gabriela Vieira - DLocal; André Quadra - PayPal; Airton Almeida - Susep/BR; Rocío Díaz - Pomelo

Topics:

• Preparing for participating in new regulated activities
• Applying to be regulated
• Qualities of the applicant
• Seeking to enter a new market with a similar permission
• Processing time and making revisions
• Expectations of supervision
• Reporting and notifying of issues arising
• Principles versus rules based approach
• Common approaches between markets
• Ease of creating transferrable processes to reduce friction
• Cross border sharing of information between authorities

Deep Dive 18

Carbon Markets Ecosystem, Funding of Projects and Investments

Where: Maravalley Room 3

Panel 1 Confirmed Participants: Rogerio Studart (MOD); Diego Herrera - CAF; Jorge Abrache - CAF; Viviane Romeiro - CEBDS

Topics:

• Emissions trading schemes and Voluntary Carbon Markets (VCM)
• Global and local experience and directions
• Market requirements for safe and sound market operation
• Market Principles and participants
• Regulated exchanges or voluntary markets in LATAM
• Carbon credits: securities and securitization

Panel 2 Confirmed Participants: Roberto Alvarez - Aventures (MOD); Phil Kauders - Courageous Land; Amaro Gomes - DeepESG; Nathalie Vidual - CVM/BR

Topics:

• Creation of funds specialising in various asset classes / types
• Investment Capital - Domestic / International
• Key stakeholders, participants updates and case studies
• Next steps, future developments

Deep Dive 19

Open Banking Payments for Consumers and Businesses

Where: Maravalley Room 2

Panel 1 Confirmed Participants: Bruno Diniz - Spiralem (MOD); Natália Falcão - Bacen; Gustavo Bresler - Iniciador; Carlos Augusto de Oliveira - ABFintechs

Topics:

• Consumer payments and contrast with cards
• Official payments
• Retail in store
• E-Commerce
• P2P

Panel 2 Confirmed Participants: Ruth Wandhofer - Potion (MOD); Fabio Cosini - AWS; Gustavo Lino - INIT; Alexandre Magnani - PagBank; Pedro Sônego - Tino Pagementos

Topics:

• Business to business payments
• Point of sale
• Settling invoices
• Embedding payments in accounting platforms

Where: Maravalley Room 3

Regulatory Structures, Capabilities and Funding Approaches

Where: Maravalley Room 1

Debate Confirmed Participants: Bianca Lopes - Potion, Gavin Littlejohn - Potion, Marco Araújo - Potion, Bruno Balduccini - Pinheiro Neto, Bruno Diniz - Spiralem, Kevin Cowan - UAI

Topics:

• Challenges to regulatory capabilities and resources: Increasing societal and environmental demands, Increasing innovation and complexity of financial services, Insufficient research and technology capacities to keep pace, Lack of funding, Political, legal and organisational bottlenecks to optimising capacity
• Quick wins - opportunities to drive efficiency: Ideas to share information and resources, Possibilities to drive interoperability and reduce delivery costs, Ways for the private sector to help with capabilities
• Areas of possible alignment in the private sector on regulatory design: Independent from government or regularly rotated? Self funded via fair and proportionate industry levy or funded from taxation?

Closing Session: Insights for a Cohesive Ecosystem

Confirmed Participants: Otávio Damaso - Banco Central do Brasil; Bianca Lopes - Potion; Gavin Littlejohn - Potion; Marco Araújo - Potion

Where: Maravalley Room 1

• Insights: Summarising the key learnings
• Q&A: View from the regulators & View from the private sector
• Finance of Tomorrow Message