A joint conference of the Federal Reserve Bank of Philadelphia and the Journal of Economics and Business
Conference Organizers and Journal Guest Editors:
- Julapa Jagtiani (Managing Editor) – Federal Reserve Bank of Philadelphia - julapa.jagtiani@phil.frb.org
- Robert Hunt – Federal Reserve Bank of Philadelphia
- Kose John – Stern School of Business, New York University
- Ken Kopecky – Journal of Economics and Business
Agenda
Thursday, September 28
Welcome and Opening Remarks
William G. Spaniel
Senior Vice President, FRB Philadelphia - Watch the video
Industry Keynote Speech
Robert Nichols
President and Chief Executive Officer, American Bankers Association
Topic Keynote — Fintech Lending and Roles of Alternative Information - Watch the video
Moderator: Samuel Taussig, Head of Global Policy, Kabbage, Inc.
Tracy Basinger, Executive Vice President & Director, Financial Institution Supervision and Credit, FRB San Francisco
Spencer Robinson, Head of Strategy, Kabbage
Research — Fintech Lending and Roles of Alternative Information
Moderator: Kose John, New York University
Paper 1: “FinTechs and the Market for Financial Analysis”
Roni Michaely, Cornell University, and Jillian Grennan, Duke University
Discussant: Itay Goldstein, The Wharton School of the University of Pennsylvania
Paper 2: “Fintech Lending: Financial Inclusion, Risk Pricing, and Alternative Information”
Julapa Jagtiani, FRB Philadelphia, and Catharine Lemieux, FRB Chicago
Discussant: Christine Cumming, Columbia University School of International and Public Affairs
Paper 3: “Fintech, Regulatory Arbitrage, and the Rise of Shadow Banks”
Greg Buchak, University of Chicago, Gregor Matvos, University of Texas at Austin, Tomasz Piskorski, Columbia University, and Amit Seru, Stanford University
Discussant: John Sedunov, Villanova University
A Fintech Conversation with OCC Comptroller - Watch the video
Keith A. Noreika
Acting Comptroller of the Currency, OCC
Introduced by: Julapa Jagtiani, FRB Philadelphia
Moderator: Richard Herring, The Wharton School of the University of Pennsylvania
Research — Bitcoin, Blockchain, Digital Currency, and Machine Learning
Moderator: Robert M. Hunt, Senior Vice President, FRB Philadelphia
Paper 1: “The Law of One Bitcoin Price?”
Alexander Kroeger and Asani Sarkar, FRB New York
Paper 2: “Blockchain Disruption and Smart Contracts”
Lin William Cong and Zhiguo He, University of Chicago
Paper 3: “The Price of a Digital Currency”
Arash Aloosh, NEOMA Business School
Paper 4: “The Economics of Distributed Ledger Technology for Securities Settlement”
Evangelos Benos, Bank of England, Rod Garratt, University of California, Santa Barbara, and Pedro Gurrola-Perez, Bank of England
Friday, September 29 - Watch the video
Research — Fintech and the New Financial Landscapes
Moderator: Ken Kopecky, Journal of Economics and Business
Paper 1: “Competition in the Financial Advisory Market: Robo versus Traditional Advisors”
Antje Berndt, Sevin Yeltekin, and Honglin Yu, Australian National University
Paper 2: “Does FinTech Affect Household Saving Behavior?”
Gregor Becker, Goethe University
Paper 3: “Integrating the Troublemakers: A Taxonomy for Cooperation between Banks and Fintechs”
Benedict Drasch, André Schweizer, and Nils Urbach, University of Bayreuth
Topic Keynote – Fintech and the New Financial Landscapes
Moderator: Richard Neiman, Head of Regulatory and Government Affairs, LendingClub
Siddhartha Jajodia, Chief Investment Officer, LendingClub
Usman Ahmed, Head of Global Public Policy, PayPal, Inc.
A Conversation with Patrick T. Harker
Patrick T. Harker
President and Chief Executive Officer, FRB Philadelphia
Introduced by: Richard Herring, The Wharton School of the University of Pennsylvania
Moderator: Mukul Pandya, Knowledge@Wharton
Topic Keynote — Bitcoin, Blockchain, and Cryptocurrencies
Moderator: William W. Lang, Managing Director, Promontory Financial
William Nelson, Executive Managing Director, The Clearing House
Jim Cunha, Senior Vice President, FRB Boston
Research — Machine Learning and Artificial Intelligence
Moderator: Robin A. Prager, Federal Reserve Board
Paper 1: “Financial Regulatory Implications of Artificial Intelligence”
Larry Wall, FRB Atlanta
Paper 2: “Market Design with Blockchain Technology”
Katya Malinova and Andreas Park, University of Toronto
Paper 3: “Between the Lines: Decipher the Firms’ Fundamentals with Artificial Intelligence”
Yanzhen Chen, Huaxia Rui, and Andrew B. Whinston, University of Texas at Austin
Research — Marketplace Lending and Crowdfunding
Moderator: Paul Calem, FRB Philadelphia
Paper 1: “Law, Trust, and the Development of Crowdfunding”
P. Raghavendra Rau, University of Cambridge
Paper 2: “Profit Sharing: A Contracting Solution to Harness the Wisdom of the Crowd”
Jiasun Li, George Mason University
Paper 3: “Financing Efficiency of Securities-Based Crowdfunding”
David C. Brown, University of Arizona and Shaun William Davies, University of Colorado
Topic Keynote — Machine Learning and Artificial Intelligence
Moderator: Christine A. Parlour, University of California, Berkeley
John Schindler, Federal Reserve Board
Gurvinder Ahluwalia, Founder of Digital Twin Labs, LLC; previously CTO Technical Solutioning and Blockchain, IBM
Closing Remarks
James D. Narron
First Vice President and Chief Operating Officer, FRB Philadelphia