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Third-party providers set to enter banking market

The Law Society Fintech Symposium will hear from speaker Frank Kelly on the Payment Services Directive, which goes live in September this year.

The day-long second Law Society Finuas Skillnet Fintech Symposium will update delegates on developments in the law and regulation of FinTech in Ireland.

Anti-money laundering

The symposium at Blackhall Place on 7 March will cover:

Anti-Money Laundering and corruption,

FinTech – state of the art and the rise of digital assets,

PSD2 – what we know now: implementation and use cases,

Consumer protection and PSD2 – a regulatory perspective,

GDPR – interplay with PSD2.

Ruth McCarthy (Chief Executive of Fexco Corporate Payments in Kerry) will chair the symposium.

Speakers
The speakers will include:

Patrick Dorgan (Law Society President),

Paul Healy (Chief Executive of Skillnet Ireland),

Paula Reid (A&L Goodbody’s knowledge team),

Michael Ashe (barrister and Queen’s Counsel) who practices in commercial law, particularly in the areas of company, tax and financial services,

Philip O’Reilly (UCC Professor of FinTech and Information Systems),

Christopher Martin (A&L Goodbody senior associate),

Claire Fitzpatrick (director of strategic operations at ConsenSys Ireland),

Frank Kelly (payments regulation consultant),

Kevin O’Brien (Central Bank of Ireland consumer protection division),

Anne-Marie Bohan (Matheson financial and technology partner).

Frank Kelly will tell the symposium that the Payment Services Directive is intended to promote both competition and consumer protection in the financial services sector by encouraging the delivery of new products.

Account access

Under the directive, account-servicing-payment service providers must now give access to their customers’ balance and transaction data.

This will facilitate new interfaces through which third-party providers can access payment accounts.

The symposium fee is €176 with a discounted cost of €150.