Today, public policies and programs rely heavily on data-driven insights. For policymakers, analysts and academics, mountains of data, especially big data, offer great possibilities—and challenges. The FDIC is partnering with Santa Clara University (SCU) Leavey School of Business to host a new webinar series, “Banking on Data: Great Possibilities, Great Responsibilities.” FDIC Division of Insurance and Research Director Diane Ellis and Professor Sanjiv Das of SCU will co-host five monthly webinars for both innovators and regulators. The series builds on the themes of the 2019 FDIC FinTech Research Conference and will feature academic paper presentations and policy-focused panels. The presentations will highlight the opportunities and challenges for financial institutions, consumers, and the financial system created by the use of big data and applied technologies. This bicoastal webinar series will bring together the FinReg and policy sector on the East Coast with the tech sector on the West Coast.
During the kickoff session on April 15, 2021, FDIC Chairman Jelena McWilliams provided opening remarks and viewers enjoyed two academic research presentations exploring the possibilities of big and alternative data in finance and banking. On May 20, 2021, FDIC Chief Innovation Officer Sultan Meghji moderated an engaging panel discussion among industry experts on the use of big and alternative data to provide products and services. Both sessions were recorded and are available by clicking on the previous webinars link in the left menu. The three remaining webinars will dive into the ethics of artificial intelligence and machine learning, open banking, and how we can improve financial regulation in the world of big data
WEBINAR 3: Ethics of Artificial Intelligence and Machine Learning
June 17, 2021 (1:00pm - 2:30pm ET)
Policy and consumer impact perspectives on explainability, ethics, expectations vs. reality, and bias.
Her prior experience includes negotiating complex transactions and leading teams engaged in counseling industry and consumer advocate organizations on regulatory compliance, consumer protection, fair lending, fair housing and fair employment.
Patrice has mediated employment discrimination claims and arbitrated individual lending discrimination claims made by Black farmers in Pigford v. Glickman, a class action lawsuit against the U.S. Department of Agriculture.
Patrice is a graduate of Georgetown University and Harvard Law School.
WEBINAR 4: Open Banking
September 16, 2021 (1:00pm - 2:30pm ET)
Policy and consumer impact perspectives on enabling “open banking” through APIs, national vs. state privacy laws, data ownership, and liability standards.
WEBINAR 5: Improving Financial Regulation (RegTech/SupTech)
October 21, 2021 (1:00pm - 2:30pm ET)
State, national, and international perspectives on technologies that support regulatory agency functions, regulatory frameworks and processes, and innovations in the financial regulatory domain. How can new technology enable innovation that leads to better outcomes for consumers, banks, and regulators?
If you have questions about the webinar series, please email your inquiry to SHR_BnkonDataCf-2021@FDIC.gov.
Stay up to date with the Banking on Data: Great Possibilities, Great Responsibilities Webinar Series by following #FDICResearch.
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