8:00 AM
to
9:00 AM

Registration, Coffee, and Networking

9:00 AM
to
9:15 AM

Welcoming Remarks: David Watson, President and Chief Executive Officer, The Clearing House

9:20 AM
to
10:00 AM

Christopher Waller, Member, Board of Governors, Federal Reserve System

10:05 AM
to
10:55 AM

Market Perspectives on Banking and Payments and What’s Ahead in 2027

With the banking and payments sectors undergoing a period of ongoing change, this opening Annual Conference panel session will bring together leading financial services industry analysts and investors to provide perspectives on the current state of the U.S. financial services industry. Assessing the overall marketplace, this panel session will specifically dive into market trends, earnings, technology shifts, competition, regulation, and the implications of changing industry dynamics for the country’s leading financial institutions.

PANELISTS:

Andrew Jeffrey, Research Analyst, Financial Services and Technology, William Blair
Gene Ludwig, Founder and Chief Executive Officer, Cari LLC
Tom Michaud, President and Chief Executive Officer, Keefe, Bruyette, & Woods
Erika Najarian, Managing Director and Head of Americas, Financial Sector Research, UBS

MODERATOR: Mitchell Eitel, Managing Partner, Financial Services Group, Sullivan & Cromwell

10:55 AM
to
11:10 AM

Coffee Break & Networking

11:10 AM
to
12:00 PM

HALL 2

How Disruptions on the Horizon Are Poised to Reshape the Business of Payments

As the foundations of commerce continue to evolve—from changing regulation, competition, demographics to artificial intelligence, digital identity, and modern platforms—the economics of payments may evolve with them. Which trends are already reshaping where value is created and captured across the payments ecosystem? Which emerging forces are likely to have the greatest impact over the next decade? And which widely discussed disruptions may prove less transformative than expected?

This opening panel will explore the external forces most likely to influence the future business of payments, examining where value and competitive advantage opportunities may shift across the ecosystem. Panelists will separate signal from noise and create context for the sessions that follow.

PANELISTS:

Chiro Aikat, U.S. Co-President, Mastercard
Rich Clow, Managing Director, Head of Innovation and Strategy, Global Payments Solutions, Bank of America
John Ehrenfeld, Co-Head of Strategy and Head of Digital Assets, Swift
Tom Poole, Senior Vice President, Capital One

MODERATOR: Andrew Haskell, Managing Director, Payments and Digital Assets Practice Lead, Americas, Accenture

11:10 AM
to
12:00 PM

THE HUB

The Shifting Shape of Banking: Assessing The Changing Boundaries Between Banks and Nonbanks

Recent policy and regulatory shifts are redefining the borders between banks and nonbanks. Expanded access to novel charters, proposed changes to Fed master account access and terms, and ongoing debates about interest and yield on stablecoins reflect a rapidly changing environment in which nonbanks are able to increasingly behave like banks. At the same time, proposed changes to the Basel capital rules and expanding M&A opportunities may favorably affect traditional banks. This panel will evaluate the shifting lines between banks and nonbanks, speak to the effects of these shifts on banks, address whether nonbanks will become more like traditional banks in the coming years and assess the significance of this evolution on the overall U.S. financial landscape, including financial stability.

PANELISTS:

Greg Baer, President and Chief Executive Officer, Bank Policy Institute
Adam Cohen, Senior Deputy Comptroller and Chief Counsel, Office of the Comptroller of the Currency
Alex LePore, Senior Advisor to the Deputy Secretary, U.S. Department of the Treasury
Reena Sahni, Deputy General Counsel, Federal Reserve Board

MODERATOR: Lee Meyerson, Chairman and Founding Partner, Financial Institutions Practice, Simpson Thacher

12:00 PM
to
1:00 PM

Lunch

1:10 PM
to
2:00 PM

HALL 2

Mapping Digital Assets to the Marketplace: Adoption, Use Cases, and the Future of Digital Money

Digital assets are entering a new phase of adoption, driven by increasing regulatory clarity, growing institutional participation, and expanding commercial use cases. This session will examine how stablecoins, tokenized deposits, tokenized securities, and other forms of digital money are being adopted across payments, treasury management, capital markets, and cross-border commerce. Panelists will discuss where adoption is occurring today, what problems these solutions are solving, who is driving demand, and how financial institutions are positioning themselves as digital assets become an increasingly important part of the global financial ecosystem.

PANELISTS:

Martha Beard, Managing Director, Global Head of Payments Industry Advocacy, J.P. Morgan Chase
Dan Fishman, Treasurer, Circle
Corey LeBlanc, Co-Founder, Chief Operating Officer, and Chief Technology Officer, Locality Bank
Dan Roesbery, Vice President, Global Onchain Partnerships and GTM, Visa
Carl Slabicki, Head of Commercial, Global Payments and Trade, BNY

MODERATOR: Jennifer Lucas, Americas Payments Consulting Leader, EY

1:10 PM
to
2:00 PM

THE HUB

Re-writing the Rules of Supervision and Enforcement: Which Issues Remain Critical Now that Regulators Are Focused on Material Risks?

Following years of escalating supervisory demands, bank regulators are now demonstrating a commitment to providing for a supervisory and enforcement environment that is more targeted and risk focused. This includes deemphasizing reputational risk, increasing transparency and coordination among agencies, and changes to the CAMELS rating system. At the same time, regulators continue to focus on high-risk areas like sanctions, fraud, and cybersecurity. This panel will convene senior officials from the bank regulatory agencies and industry for an in-depth look at the practical effect of shifting supervisory priorities and which topics will remain priorities.

PANELISTS:

Stephanie Avakian, Group General Counsel, Barclays
Jay Gallagher, Senior Deputy Comptroller and Chief National Bank Examiner, Office of the Comptroller of the Currency
Randy Guynn, Director, Division of Supervision and Regulation, Board of Governors of the Federal Reserve
Michelle Moosally, General Counsel and Chief Legal Officer, Citizens Financial Group

MODERATOR: Franca Harris Gutierrez, Chair of the Financial Institutions Practice Group, Wilmer Hale

2:05 PM
to
2:55 PM

HALL 2

Securing Payments: Advancing Solutions to Meet the Evolving Financial Crimes Landscape

Addressing financial crimes has become one of the most critical and complex investment areas in financial services today. As criminal actors evolve, so must the tools and strategies used to detect, prevent, and disrupt their illicit activity. With an array of new approaches and solutions, including those driven by AI, new strategies are emerging for how financial crime is addressed. This panel will convene fraud and financial crime leaders from financial institutions and solution providers to provide insights into today’s fraud and financial crimes landscape along with a discussion on how advances in analytics, identify solutions, network intelligence and operational controls are advancing to meet these persistent threats. Panelists will also engage in an assessment focused on balancing security, customer security, and business objectives while engaging in the fight against fraud and financial crimes.

PANELISTS:

Eyal Azoulay, Founder and Chief Executive Officer, Tangos
Paul Benda, Executive Vice President of Risk, Fraud and Cybersecurity, American Bankers Association
Karen Boyer, Senior Vice President, Financial Crimes and Fraud Intelligence, M&T Bank
Ravi Loganathan, General Manager, Banking, Sardine

MODERATOR: Jeff Scott, Managing Director of Fraud Intelligence, Q2

2:05 PM
to
2:55 PM

THE HUB

AI in Banking and Payments: The Risk and Regulatory Responses

As AI technology pushes new frontiers, financial institutions are deploying AI to enhance operations while managing risks, including cybersecurity threats, data protection risks, model governance risks, and others. At the same time, the U.S. government is working to develop policy and regulatory frameworks to maintain international leadership in AI through responsible innovation. This session will convene senior industry executives, policymakers, and technology experts for in-depth dialogue on the leading edge of AI adoption within regulated financial institutions. The session will further consider how to achieve a timely, effective regulatory policy that balances harnessing the capabilities of AI technology with mitigating its risks.

PANELISTS:

Jonathan McKernan, Former Under Secretary, Domestic Finance, U.S. Department of the Treasury
Cristina Regojo Gedan, Senior Deputy General Counsel and Chief Regulatory Counsel, U.S. Bank
Miki Van Cleave, Head of Product for Agentic Treasury, J.P. Morgan Chase

MODERATOR: Michael Dawson, Partner, Jones Day

3:05 PM
to
3:50 PM

Economist Roundtable: Outlook on Growth, Interest Rates, and The Road Ahead in 2027

PANELISTS:

Aditya Bhave, Managing Director and Head of U.S. Economics Research, Bank of America
Beth Ann Bovino, Chief Economist, U.S. Bank
Andrew Hollenhorst, U.S. Chief Economist, Citigroup
David Mericle, Chief U.S. Economist, Goldman Sachs

MODERATOR: Bill Nelson, Chief Research Officer and Chief Economist, Bank Policy Institute

3:50 PM
to
4:00 PM

Coffee Break & Networking

4:00 PM
to
4:50 PM

Where will the Payments Ecosystems Converge (or Risk Fragmentation)?

To support growing market demand for increased payment speed, data, and process integration, payments providers are increasingly extending similar features across rails, with third-party overlay services even masking the underlying payment rail in some cases. As these trends unfold alongside the emergence of alternatives to USD fiat-centric systems, the importance of managing “fragmentation” is increasing for the entities supporting multiple rails or ecosystems. This panel will explore the need to steer towards a convergence in data and process automation across rail and ecosystems operating with different speeds and technologies, whether from the center by market infrastructures or at the edges by FIs and partners. In addition, the panel will also explore the impact standards and policy setting entities have on fragmentation challenges the market faces.

PANELISTS:

Ben Chance, General Manger, Certos, Early Warning
Preeti Chaturvedi, Head of Domestic and Emerging Payments, HSBC
Darrell Duffie, Adams Distinguished Professor of Management and Professor of Finance, Emeritus, Stanford Graduate School of Business
Michael Winnike, Managing Director, Head of Strategy and Market Solutions, DTCC

MODERATOR: Grace Klopcic, Partner, McKinsey & Company

4:00 PM
to
4:50 PM

Instant Payments and Beyond: Addressing Fraud, Liability, and Enforcement in a Modern Payments Ecosystem

The rapid evolution of the payments ecosystem has transformed how money moves. Unfortunately, fraudsters are evolving just as quickly. While fraud rates for instant payments remain low, fraudsters increasingly rely on sophisticated social engineering and communications that occur outside the banking system, creating risks across payment types. As payments become faster, more digital, and more interconnected, financial institutions, regulators, policymakers, and law enforcement face new challenges related to fraud prevention, liability, and recovery. This panel brings together regulators, law enforcement, and industry leaders to discuss evolving regulatory and enforcement priorities, key policy debates regarding fraud, liability, and opportunities to modernize regulatory frameworks to better enable fraud prevention, and collaborative strategies, including enhanced information sharing, to combat fraud across the modern payments ecosystem.

PANELISTS:

Cassandra Haddock, Senior Vice President and Associate General Counsel, KeyBank
Mark Fahmy, Senior Strategic Engagement Advisor, FinCEN, U.S. Department of the Treasury
Emily Deininger, Assistant U.S. Attorney, Southern District of New York, U.S. Department of Justice
Drew Ruben, Senior Vice President, Associate General Counsel and Head of BITS, Bank Policy Institute

MODERATOR: Kevin Toomey, Partner and Head of Financial Services Group, Arnold & Porter

4:55 PM
to
5:45 PM

Trust, Consent, Safety, and the Future of Agents in Open Banking

AI is beginning to have a significant impact across all areas of business and life, and payments is no exception. In a world where agents are increasingly being used to access bank accounts and customer data and integrate into payment flows, the industry must revisit fundamental questions around customer consent and security, data access and how to balance the promise of AI based innovation with safety and soundness. This panel will convene leading industry experts to discuss various ways to address these challenges today, while preparing the ecosystem for technology and capabilities that are rapidly evolving.

PANELISTS:

Brian Dammeir, General Manager, Global Head of Payments and Financial Management, Plaid
Paul LaRusso, Chief Executive Officer, Akoya
Natalie Talpas, Executive Vice President, Head of Retail Digital and Emerging Payments Strategy, PNC

MODERATOR: Ben Isaacson, Senior Vice President of Product Strategy, The Clearing House

4:55 PM
to
5:45 PM

At the Intersection of Banking & The Blockchain: Regulating Tokenized Bank Deposits

As banks increasingly move toward delivering tokenized deposits to the marketplace, questions are being worked through on how to best apply existing financial services regulation to provide a functional framework for this new variation of digitized money. Notably, the FDIC has confirmed that it will treat tokenized deposits as any other deposit, but open questions remain relating to liquidity risk management, illicit finance controls, and consumer protections. This panel will convene policymakers and senior industry representatives for an in-depth discussion on how to shape regulatory policy to enable the use of tokenized bank deposits as part of the new intersection of banking and the blockchain.

PANELISTS:

Rachel Anderika, Head of Global Operations, Anchorage Digital
Juan Climent, Head of Technology Policy, Division of Supervision and Regulation, Federal Reserve Board
Danny Graham, Head of Treasury Digital Assets and Strategic Initiatives, BNY
Curtis Tao, U.S. General Counsel, HSBC

MODERATOR: Jarryd Anderson, Partner, Ropes & Gray

5:45 PM
to
6:45 PM

HALL 1

Annual Conference Reception

7:45 AM
to
8:30 AM

Breakfast and Networking

8:30 AM
to
9:15 AM

Plenary Session

9:20 AM
to
10:20 AM

In-Conversation Session: Walter Isaacson, Historian, Author, The Greatest Sentence Ever Written

10:25 AM
to
11:15 AM

Building the Foundation for Tokenized Deposits: Infrastructure, Operating Models, and Bank Readiness

As financial institutions continue to evaluate tokenized deposits, the conversation is shifting from strategy to execution. Beyond identifying compelling use cases, banks must determine how tokenized deposits fit within their broader digital asset strategy while making foundational decisions around infrastructure, operating models, governance, and enterprise prioritization. Institutions are evaluating how to connect to multiple blockchain networks, integrate digital asset capabilities with existing banking systems, and build scalable operating models that support production deployment. This session will explore the practical decisions banks are making as they prepare for potential adoption of tokenized deposits. Panelists will discuss implementation approaches, infrastructure strategies, organizational readiness, and lessons learned as institutions move from proof-of-concept toward scalable production environments.

PANELISTS:

Jyotsana Jagadish, Head of U.S. Digital and Payments and Consumer Deposits, Interim Head of Enterprise Payments, TD Bank
Adam Levine, Chief Executive Officer, Fireblocks Financial Services, Fireblocks
Kelly Matheison, Chief Business Development Officer, Digital Asset Holdings
Ather Williams, III, Head of Global Payments & Liquidity and Wholesale Digital, Wells Fargo

MODERATOR: Sal Karakaplan, Chief Strategy Officer, The Clearing House

10:25 AM
to
11:15 AM

Adapting Consumer Protection Regulation to Agentic Commerce, Digital Assets, and Other Emerging Payments Technologies

As Artificial General Intelligence, agentic commerce, distributed ledger technology, smart contracts, and other technological innovations rapidly take root in the mainstream, questions are emerging on how to apply existing consumer protection regulations in the context of these technological shifts. Examples include, for instance, who is liable for regulatory violations where an AI agent is involved and whether EFTA applies to consumer payments made using stablecoin. Increasingly, such questions are compounded by the fact that technology-driven shifts are delivering meaningful change far faster than consumer protection regulation is being updated. This panel will assemble senior financial services executives and regulators for a look at how consumer protection regulation can and needs to be reshaped to effectively adapt to new and emerging technology-driven shifts in banking and payments.

PANELISTS:

Eli Alper, Managing Chief Counsel, Regulatory Affairs Legal, PNC
Kelvin Chen, Senior Executive Vice President, Head of Policy, Consumer Bankers Association
Chris Filburn, Senior Enforcement Counsel, Office of the New York State Attorney General
Jelena McWilliams, President, Corporate, Legal and External Affairs, Plaid
Carla Sanchez-Adams, Senior Attorney, National Consumer Law Center

MODERATOR: Duncan Douglass, Partner and Co-Lead, Payments and Fintech Group, Alston & Bird

11:30 AM
to
12:00 PM

In-Conversation Session: René Jones, Chief Executive Officer, M&T

12:00 PM
to
1:00 PM

Lunch

1:10 PM
to
1:40 PM

In-Conversation Session: Stephanie Ferris, Chief Executive Officer and President, FIS Global

1:45 PM
to
2:15 PM

In-Conversation Session: Leo Salom, President and Chief Executive Officer, TD Bank U.S.

2:25 PM
to
3:15 PM

Innovation and the Future of Settlement Rails in a Changing Payments Ecosystem

As customer expectations continue to evolve, the payments ecosystem is increasingly defined by choice rather than a single preferred payment rail. Businesses and consumers expect payments to be faster, always available, secure, data-rich, and seamlessly integrated into digital experiences. At the same time, financial institutions must optimize across a growing set of settlement rails—including instant payments, ACH, wire transfers, cards, and checks—each serving distinct use cases and customer needs. This panel will explore how the industry is modernizing payment infrastructure to support a true multi-rail strategy, enabling financial institutions to intelligently route payments based on speed, cost, certainty, risk, and customer preference. Panelists will discuss how capabilities such as Request for Payment (RfP), alias-based payments, rich messaging, and value-added services are enhancing customer experiences and creating new business opportunities. The discussion will also examine liquidity optimization in an always-on payments environment and how interoperability across payment rails is shaping the future of banking and commerce.

PANELISTS:

Sylvie Boucheron-Saunier, Global Chief Revenue Officer, Payments, Finastra
Adam Klappholz, Zelle Head of Product, Early Warning
Mark Nelsen, Senior Vice President, Global Head of Product, CMS, Visa
Jamie Walker, Head of Digital Assets and Money Movement, U.S. Bank
Chris Ward, Executive Vice President, Head of Enterprise Payments, Truist

MODERATOR: Courtney Trimble, Principal, Global and U.S. Head of Payments, KPMG

2:25 PM
to
3:15 PM

The Post-GENIUS Landscape: Regulatory Developments for Stablecoins

With a stablecoin statute now enacted, regulatory agencies have been working rapidly to develop rules to implement the GENIUS Act. The speed and breadth of these regulatory changes raise questions about whether the ultimate framework adopted will be workable and coordinated across agencies. This panel will bring together senior stablecoin executives, financial services executives, regulators, and other experts to review the current state of the stablecoin industry, settled and outstanding rulemakings, and what this regulatory policy means for the future state of the U.S. and global financial system.

PANELISTS:

Paris Cribben, President and Chief Trust Officer, Bridge National Trust Bank
Will Giles, Principal Deputy Chief Counsel, Office of the Comptroller of the Currency
Paige Paridon, Executive Vice President and Co-Head of Regulatory Affairs, Bank Policy Institute
Luke Pettit, Former Assistant Secretary, Financial Institutions, U.S. Department of the Treasury
Corey Then, Deputy General Counsel of Regulatory Strategy and Global Policy, Circle

MODERATOR: David Portilla, Partner, Financial Institutions, Davis Polk

3:15 PM
to
4:00 PM

Registration, Coffee, and Networking

Welcoming Remarks: David Watson, President and Chief Executive Officer, The Clearing House

Christopher Waller, Member, Board of Governors, Federal Reserve System

Market Perspectives on Banking and Payments and What’s Ahead in 2027

PANELISTS:

Coffee Break & Networking

How Disruptions on the Horizon Are Poised to Reshape the Business of Payments

PANELISTS:

The Shifting Shape of Banking: Assessing The Changing Boundaries Between Banks and Nonbanks

PANELISTS:

Lunch

Mapping Digital Assets to the Marketplace: Adoption, Use Cases, and the Future of Digital Money

PANELISTS:

Re-writing the Rules of Supervision and Enforcement: Which Issues Remain Critical Now that Regulators Are Focused on Material Risks?

PANELISTS:

Securing Payments: Advancing Solutions to Meet the Evolving Financial Crimes Landscape

PANELISTS:

AI in Banking and Payments: The Risk and Regulatory Responses

PANELISTS:

Economist Roundtable: Outlook on Growth, Interest Rates, and The Road Ahead in 2027

PANELISTS:

Coffee Break & Networking

Where will the Payments Ecosystems Converge (or Risk Fragmentation)?

PANELISTS:

Instant Payments and Beyond: Addressing Fraud, Liability, and Enforcement in a Modern Payments Ecosystem

PANELISTS:

Trust, Consent, Safety, and the Future of Agents in Open Banking

PANELISTS:

At the Intersection of Banking & The Blockchain: Regulating Tokenized Bank Deposits

PANELISTS:

Annual Conference Reception

Breakfast and Networking

Plenary Session

In-Conversation Session: Walter Isaacson, Historian, Author, The Greatest Sentence Ever Written

Building the Foundation for Tokenized Deposits: Infrastructure, Operating Models, and Bank Readiness

PANELISTS:

Adapting Consumer Protection Regulation to Agentic Commerce, Digital Assets, and Other Emerging Payments Technologies

PANELISTS:

In-Conversation Session: René Jones, Chief Executive Officer, M&T

Lunch

In-Conversation Session: Stephanie Ferris, Chief Executive Officer and President, FIS Global

In-Conversation Session: Leo Salom, President and Chief Executive Officer, TD Bank U.S.

Innovation and the Future of Settlement Rails in a Changing Payments Ecosystem

PANELISTS:

The Post-GENIUS Landscape: Regulatory Developments for Stablecoins

PANELISTS:

Closing Networking Reception

Betsy Graseck

Managing Director, U.S. Large Cap Banks and Diversified Financial Research

Morgan Stanley

Shane Holdaway

Head of North America Products & Solutions

Visa

Jarryd Anderson

Partner and Co-Chair, Financial Services Group

Paul, Weiss​

Jarrett Bruhn

Global Head of Data and AI, Global Payments Solutions

Bank of America

Greg Coleman

Senior Deputy Comptroller for Large and Global Financial Institutions

Office of the Comptroller of the Currency

Bryan Comis

Managing Director and Partner

BCG

John Crews

Deputy Assistant Secretary for Financial Institutions Policy

U.S. Department of the Treasury

Benjamin Cukier

Co-founder

Centana Growth Partners

Hamdija Custovic

Managing Director, Emerging Payments

Bank of America

Brian Dammeir

Head of Payments

Plaid

Dante Disparte

Chief Strategy Officer and Head of Global Policy and Operations

Circle

Paul, Weiss