Open Banking & Payment Systems, Fintech, & Blockchain

Open banking and payment systems, Fintech, and Blockchain: models, ideas, and challenges to come

Brazil launched (from April to June 2020) a new set of regulations to open and bring more competition to the financial industry. This ambitious agenda, however, is subject to be gradually implemented and – in principle - will depend upon the creation of a technological system and a set of operational rules (named as “convention” by the regulation) between the incumbents, who have no incentives to truly collaborate to open the market for competition. The current banks, however and upon such a regulation, will choose the technological tools, basis, keys, and they are supposed to design the tech rules for the open (and to determine the level of openness to) such ecosystem. How to design an open platform and allow its implementation mitigating expected barriers to be raised by the current incumbents? How similar agendas played out in other countries? How an open blockchain could be raised as an alternative to a failure in the self-regulated “Plan A” presented by the current regulation in Brazil?

Dr. Nina-Luisa Siedler Partner • DWF Germany Rechtanwaltsgesellschaft Nina-Luisa Siedler is partner at DWF, a technology-oriented global law firm, and head of the international Blockchain Competence Group. She focusses on the legal implication of blockchain/distributed ledger technology projects and assists her clients with the structuring of business cases with view to legal and regulatory compliance. Nina-Luisa Siedler is active member of several associations and initiatives (Blockchain Bundesverband, ITSA, EU Blockchain Observatory & Forum) and member of the board of directors of thinkBLOCKtank, IPDB and INATBA.

Geanluca Lorenzon Secretary for Economic Monitoring • Ministry of Economy of the Federal Republic of Brazil Geanluca Lorenzon is Secretary for Economic Monitoring of Brazil. Lorenzon is a lawyer, former consultant from McKinsey and he’s an author and researcher on economics and human rights.

João Manoel Pinho de Mello Deputy Governor for Licensing and Resolution • Banco Central do Brasil João Mello is Deputy Governor for Licensing and Resolution at the Central Bank of Brazil. Among other responsibilities, he is in charge of supporting financial innovation, which involves fostering the debate concerning the impacts of new technologies in competition and financial stability. Formerly, João has worked in the Brazilian Ministry of Economy as Secretary for Economic Policy; Secretary for the Promotion of Productivity and Competition Advocacy; and Special Advisor for Microeconomic Reforms. João received his BA in Public Policy from the Escola de Administração de Empresas de São Paulo - Fundação Getulio Vargas (1996), his master’s in economics from Pontifícia Universidade Católica do Rio de Janeiro (2000) and his PhD in economics from Stanford University (2005).

Eduardo M. Gaban (Moderator) Founder and Chairman • Brazilian Institute for Competition and Innovation (IBCI) Eduardo is a 20 years experienced legal professional and professor of law. In the legal practice, he has worked in renowned law firms (from specialized boutiques to international firms where, for 6 years, he was a partner and was able to expand his practice and expertise to also lead cross-border cases involving mainly the United States and the European Union). As a public official, he has served at the Brazilian Antitrust Authority (CADE, 2002- 2004). Back to the private legal practice, Eduardo has successfully conducted complex cases relating to mergers and acquisitions, national and international investigations involving criminal organizations, conspiracies, collusions and related crimes (such as bid rigging, evasion, corruption, money laundering, etc.). He has also conducted complex litigation in the civil, criminal, intellectual property, disputes and advocacy on regulatory issues involving logistics and transportation, aviation, energy, telecommunications, financial services, and education. Eduardo is founder and partner of Nishioka & Gaban Advogados Associados, a strategic litigation and corporate solutions boutique with offices in São Paulo-SP and Brasilia-DF.