FinTech Foundry by Shearman was proud to support the FinTECHTalents Open Finance 2020 Virtual Festival, which took place on December 9th, 2020. This premier industry conference brought together some of the world’s leading FinTech industry professionals, including entrepreneurs, investors and representatives from more than 200 financial institutions, to discuss trends and emerging issues in open finance. Shearman & Sterling partners Emma Maconick, Barney Reynolds and Pawel Szaja were among the speakers at this year’s conference.
Shearman & Sterling sponsored Open Finance 2020 as part of the FinTech Foundry, an initiative that supports FinTech startups and entrepreneurs who are shaping the future of financial services. With a cross-practice team of industry and thought leaders, Shearman & Sterling was able to support the FinTech-related initiatives of its clients and the wider FinTech ecosystem on a cross-border basis.
“New technologies, products and services are transforming our financial ecosystem and dramatically increasing transparency and consumer choice as we progress toward open banking and a digital future,” said Barney Reynolds, Global Head of the Financial Services Industry Group at Shearman & Sterling. “As sponsors and presenters at this year’s FTT Open Finance conference, we are tremendously excited to engage with the FinTech entrepreneurs, investors and regulators who are shaping the future of open finance.”
Emma Maconick, partner in Shearman & Sterling’s Intellectual Property Transactions Group, said: “Open Finance has tremendous potential for consumers, impacting everything from savings and pensions, to mortgages, insurance policies and money transfers. As innovation drives the next generation of products and services, consumer privacy and data security are front and center in the conversation.”
“The landscape for global banking and financial services could look very different when Open Finance reaches its full potential,” said Pawel Szaja, partner in the Capital Markets practice. “Financial institutions and FinTech entrepreneurs hold the keys to unlocking that potential by delivering products and services that are tailored to the full financial life of customers.”