Access the recording and presentation from the lecture under "Agenda".
Moderator: Professor Andrew Lo, Faculty Co-Director, FinTech@CSAIL
Panelists include:
Sandeep Arora
Chief Operating Officer, Citi Markets and Securities Services, Citigroup
David Kadio-Morokro
Principal, Deputy Innovation Leader, US Financial Services Advisory, EY
Daniel Drummer
Lead Data Analytics | Digital Strategy & Fintech at JPMorgan Chase & Co.
With the onset of innovative and disruptive technologies such as distributed ledgers, applications of artificial intelligence, and automation beginning to emerge in the world of finance, what role will banks play in the future? How are banks working with regulators to create a regulatory framework for the future? All of these questions and more were addressed in our first FinTech@CSAIL lecture series for 2019 presented by FinTech@CSAIL Faculty Advisor Andrew Lo and our panelists of CSAIL Alliances member companies representing different sectors of the banking industry. Panelists demonstrated how their organizations are already preparing for these changes and helping to pave the way for the “Banks of the Future”.
About Sandeep Arora
Sandeep Arora is the COO for Citi Markets and Securities Services, a position he had held since 2008. Sandeep’s responsibilities have evolved over this period, and currently his primary focus is leading the Electronification program for Citi Markets. Sandeep is also responsible for implementation of major programs like Mifid, Brexit, Volcker etc.As part of Electronification, Sandeep is responsible for Citi Markets’ strategy on eTrading, Data/Analytics including CitiVelocity.com, communication systems etc. Sandeep has also been responsible for the Citi Markets FinTech Investments portfolio, for the last 10 years, which provides a unique source of information on evolving cutting-edge technology trends.
About David Kadio-Morokro
David Kadio-Morokro is a New York-based Principal in the Advisory Services practice of Ernst & Young LLP where he is the Innovation leader for Financial Services. He has more than eighteen years of experience providing advisory services to our largest financial services clients. In his current role, he helps our clients develop and industrialize innovation strategies to realize the opportunities offered by digitization and emerging technologies. In his prior role as US risk technology leader, he helped our clients implement risk, capital, and regulatory technology solutions and has led large global engagements across the technology system development life cycle. His projects experience spans across Basel, CCAR, Reg W programs, Data Quality and Governance, Credit Risk architecture, Risk Reporting, Credit Portfolio Management and implementation of third party risk management solutions.
David has advised a number top-tier international and US banks on their Basel compliance efforts, which included PMO, gap assessment, risk systems transformation initiatives to meet regulatory and business needs, Basel and regulatory reporting systems design and implementation, and strategic IT roadmap development.
David has advised a top institution on its Reg W compliance efforts, specifically on the end to end technology solutions and processes required for Affiliate Identification, 23 A Covered Transactions, 23B Compliance Monitoring, MIS/Regulatory Reporting, and Governance and Controls.David has advised top institutions on their CCAR compliance efforts, specifically on the technology solution build and processes required for the submission of the Monthly, Quarterly, and Annual data templates. Key areas of focus included development of target operating model, RWA forecasting, data mapping, data lineage, data quality, attestation, reconciliation.
David received an MBA in Finance & Investments from Baruch College, New York and an engineering degree with specialization in Computer Science at the Hautes Etudes d’Ingenieurs (HEI) Graduate school of engineering in France.
David is a member of the Global Association of Risk Professionals (GARP). He received his Financial Risk Manager (FRM) certification in 2004.
About Daniel Drummer
Daniel Drummer is based in New York and heading the global Data Analytics, AI & Machine Learning efforts for the Corporate & Investment Bank’s Digital Strategy & Fintech Group. Previously, he worked as a management consultant at McKinsey & Company and in the Investment Banking Division at the Royal Bank of Scotland (RBS). He is the co-founder of TonalityTech, a start-up that provided sentiment analysis solutions to large corporates and asset managers. Daniel completed an M.B.A. degree with Distinction at the University of Oxford, holds a Master degree (LL.M.) in Corporate Law, was appointed a Visiting Fellow at Harvard University in 2016 and is a CFA Charterholder.
