FinanceMalta 12th Annual Conference 2019
For the 12th year running, the FinanceMalta Annual Conference has set out to deliver another interesting and informative two-day event, providing delegates with networking opportunities, insights into the market, and updates on developments within the financial services sector both on a local as well as international level.
This year’s finance conference and networking event titled Malta: A Platform for Innovation will include sessions on the innovation that is driving the sector forward, such as fintech and AI, and will also touch upon important issues that arose due to this innovation such as cybercrime. New for this year will be case studies focusing on setting up a business in Malta and what it entails for a foreign national, giving further insight into people’s experiences with financial services in Malta.
This finance conference will feature select local and international experts who will address delegates on contemporary and current topics affecting the financial services industry.
The business and finance conference will be chaired by Ms Federica Taccogna (FTI Consulting).
The FinanceMalta Annual conference is a highlight in the business conference calendar for Malta that grows in numbers and prestige year after year.
Slido will be used during certain sessions of the conference so we invite all delegates to participate by sending in their relevant questions to create an engaging and stimulating discussion.
Year on year developments have been phenomenal. Keep up with the good work,FinanceMalta!
Federico Vasoli - dMTV
The FinanceMalta Conference is a vital forum for leaders and decision makers in the industry to keep updated and informed on developments.
Stephen Griffiths - Sovereign Trust Malta Limited
Interesting and current topics. Very well organized. Well done FinanceMalta.
Emily Burgess - Bentley Trust (Malta) Ltd
I found the conference to be very relevant and helpful with a value add. FinanceMalta did animpressive job in organising this and I look forward to the next one.
Lydia Wilding - Aqua Trust Services Malta Ltd.
Click on the ‘More’ button below to expand the FinanceMalta 12th Annual Conference Programme
Wednesday 5th June 2019
18:00 – 21:00 Pre-Conference Networking Reception
Venue: The Gazebo, Hilton Hotel, St Julians
Sponsored by Castille Resources Ltd.
Thursday 6th June 2019
Conference Chair: Federica Taccogna – FTI Consulting
Registration (08:00 – 08:45)
08:45 Welcome Address
Speaker: Kenneth Farrugia – FinanceMalta Chairman
09:00 The European Institutions: Creating an Environment for Innovation in Europe
In March 2018, the European Commission presented a fintech action plan which sets out 19 steps to promote innovative business models, the uptake of new technologies, to increase cybersecurity and the integrity of the financial system, and to enhance further investor, consumer and data protection. It promotes innovation and regulatory certainty and also envisages the introduction of regulatory sandboxes. This session will provide a critical analysis of the laws and actions taken by the EU institutions to make Europe more innovative and competitive.
Speaker: Louis de Gabriele – Partner, Camilleri Preziosi Advocates
09:20 Innovation Vision 2021: Governmental, Regulatory and Business initiatives in Malta
The session will provide an insight into the work being undertaken by the Government of Malta to strengthen and widen the breadth of the financial services industry in Malta, the industry’s vision for the immediate future to continue sustaining such growth, and the MFSA’s role in ensuring that such development is sustainable and that the industry is regulated in an efficient and effective manner. Speakers will touch upon some of the key challenges and complexities faced by the industry, such as the role of technology and innovation in Malta’s future, the obligations which arise from regulation, and the reality of the financial crime problem globally, as well as the measures being implemented to create a nimble but safe environment for existing and incoming participants.
Speakers: Hon. Silvio Schembri – Parliamentary Secretary responsible for Financial Services, Digital Economy, and Innovation
Joseph Cuschieri – CEO, Malta Financial Services Authority
Wayne Pisani – President, Institute of Financial Services Practitioners
10:05 Keynote Address
Speaker: Hon. Prime Minister, Dr Joseph Muscat
10:15 Panel Session: Innovation Vision 2021
Moderator: Michael Imeson – Senior Content Editor, Financial Times Live
Joseph Cuschieri – CEO, Malta Financial Services Authority
Wayne Pisani – President, Institute of Financial Services Practitioners
Edwin Ward – Chairman, Institute of Directors Malta
11:30 Expats supporting Innovation
Being a small island, Malta has always greeted expatriates with open arms. Now that the economy is booming, the importance of having expatriates supporting such growth, particularly through innovation, is as big as ever.
Case Study & Interviews – Part 1
Setting up or Relocating a Fintech Business: What to look out for
Setting up Fintech businesses are challenging to begin with, when you start thinking of expanding or relocating it can bring some fantastic opportunities but also some challenges. In this talk, Maysam talks through his experience of setting up and relocating a Fintech business.
Speaker: Maysam Rizvi – CEO, Elifinty
Case Study & Interviews – Part 2
12:00 Panel Session: Personal and Business Considerations when planning to set up in Malta
Moderator: Susan HayesCulleton CFA, “The Positive Economist”
Marika Tonna – CEO, Business First
Andrew Zammit – Managing Partner, GVZH Advocates
Christopher Buttigieg – Chief Officer, Strategy, Policy and Fintech, MFSA
Matthew Camilleri – Founder & CEO, Castille Resources Ltd.
13:00 Intelligent Transformation of the Financial Sector: Blockchain and AI
Fintech and its potential have received a lot of attention the past years due to the technologies that surround it such as blockchain and artificial intelligence (AI). Such technologies are revolutionizing and transforming the Fintech sector as it helps enhance security and data protection, and improve customer centricity and service. The talk will focus on how the financial sector is being transformed through blockchain and AI.
Speaker: Soulla Louca – Director, Institute for the Future, School of Business, Cyprus
14:35 The Cashless Society
The world is going digital: everyone and everything is becoming connected. Consumers are making changes to how they live, work and pay – using technology to make their lives more simple, seamless and secure. The ongoing convergence of physical and digital worlds is reflected in the continuing shift in payments to digital forms and new payment flows. The digital evolution creates great opportunities to drive financial inclusion and help to build a modern and inclusive society.
Speaker: Elina Konstantinidou – Director, Account Management, Mastercard
14:55 Mitigating Bank Fears in Cryptocurrency
Bitcoin and other decentralised cryptocurrencies enable a type of payment processing which cuts out the need for the middleman role typically performed by banks (and for which banks charge a fee!). The role of this ‘middleman’ is, in essence, to process transactions and to guarantee their accounting into a ledger. Achieving this, often requires large back offices and a certain amount of time – all of which come at a price. Decentralised cryptocurrencies, on the other hand, are based on distributed ledger technology. This means that there isn’t a central authority (a bank) responsible for the ledger and, therefore for the processing of transactions. Rather, a database of records (i.e. of payments) is held and updated independently by each participant in a large network. All participants maintain their own identical copy of the ledger, almost impossible to alter once updated. Furthermore, cryptocurrencies, use cryptography (i.e. the computerised encoding and decoding of information) to prevent counterfeiting and fraudulent transactions. It is evident that the use of distributed ledger technology and cryptocurrencies offers processing efficiencies (large back offices are no longer needed) and therefore cost reduction opportunities. If correctly used, it can also offer an additional defence against fraud and hacking. Most certainly, it opens the door to a world of possibilities not yet explored…
Keynote Speaker: Loretta Joseph – Advisor, OECD – Mauritius
Moderator: Mark Curmi – Director, Banking, FI and VFA Services, KPMG
Marcel Cassar – Chairperson, Malta Bankers’ Association
Loretta Joseph – Advisor, OECD
Dimitris Litsikakis – Global Head of FinTech, deVere Group
Ian Gauci – Managing Partner, GTG Advocates
Schuyler Weiss – Chief Digital Officer, REYL & Cie Ltd.
16:00 Combatting Financial Crime
The fight against money laundering and terrorism financing is critical to ensure the security and prosperity of a country. Financial crime threatens the safety of our society, the integrity of our financial system and the stability of our economy. Malta is deeply committed to prevent, detect and prosecute money laundering and terrorist financing activities. Malta’s AML/CFT strategy will be is to continue to strengthening our regulatory, supervisory and law enforcement institutions to continue to make them effective in the face of an everchanging threat.
Hon. Edward Scicluna – Minister for Finance
Selected results of PwC’s Global Economic Crime Survey will be presented and survey results will be put into perspective of recent financial crime-related developments across Europe. Using real-life examples, Gianfranco will provide a brief overview of risks specific to small jurisdictions facing growing regulatory pressure over money laundering and other financial crimes.
Gianfranco Mautone – PwC Partner – Forensic Services & Financial Crime Leader, Switzerland
Moderator: Federica Taccogna – FTI Consulting, London
Roberta Metsola – MEP
Alfred Sant – MEP
Ian Joseph Abdilla – Asst. Commissioner, Economic Crimes
Gianfranco Mautone – PwC Partner, Forensic Services & Financial Crime Leader, Switzerland
Kenneth Farrugia – Director, Financial Intelligence Analysis Unit (FIAU)
17:10 Concluding Remarks
Speaker: Federica Taccogna – FTI Consulting
End of Conference
What does the FinanceMalta Annual Conference offer?
Take a look at what happened during the FinanceMalta 11th Annual Conference to see the benefits provided to delegates. The financial services and business conference gives you a unique opportunity to connect with developments taking place in the financial services sector worldwide in order to achieve a high level of excellence in their day-to-day work practices and methodologies.
The conference will be chaired by Mr. Kenneth Farrugia, Chairman of FinanceMalta and will include a number of selected local and international experts who will address the participants on current everyday topics affecting the financial services industry.
The FinanceMalta 12th Annual Conference is being sponsored by the following organisations.
We invite all delegates and guests to support these companies and visit their stand during the conference.
Would you like to sponsor the conference?
Send an email to Lindsey Busuttil on firstname.lastname@example.org for more information about sponsorship
Reyl & Cie (Malta) Ltd.
Founded in 1973, the REYL Group is an independent diversified banking group with a presence in Switzerland (Geneva, Zurich, Lugano), Europe (London, Luxembourg, Malta) and the rest of the world (Singapore, Dubai and Dallas). The REYL Group (including its minority-holding subsidiaries) manages assets in excess of CHF 16 billion and employs more than 200 professionals.
Developing an innovative approach to banking, the Group serves a clientele of international entrepreneurs and institutional investors through its Wealth Management, Entrepreneur & Family Office Services, Corporate Advisory & Structuring, Asset Services and Asset Management business lines.
REYL & Cie Ltd is licensed as a bank in Switzerland and performs its activities under the direct control of the Swiss Financial Market Supervisory Authority (FINMA) and the Swiss National Bank (SNB). The REYL Group’s subsidiaries are also regulated by the LPCC in Switzerland, the FCA in the United Kingdom, the CSSF in Luxembourg, the MFSA in Malta, the MAS in Singapore, the DFSA in Dubai and the SEC in the United States.
VacancyCentre (operated by CSB Group)
VacancyCentre is a small yet remarkably effective recruitment business servicing the resources needed by organisations of all sizes across a wide range of industry sectors, namely Financial Services, Legal & Compliance, Gaming & IT, Administration, and Sales & Marketing.
With grounded experience of 30 years in the recruitment sector, VacancyCentre knows exactly how to reach the best people to fill almost any position. We pride ourselves in delivering an unrivalled candidate experience to ensure we create an ethos that our clients feel confident will represent them in the best possible way.
VacancyCentre brings together organisations with career-minded results driven-people, ideally suited to their strengths and interests, providing the best possible outcome for employees and employers alike
We adapt our recruitment solutions to fit the specific needs of every client, not the other way round. We consider everything we do to be bespoke. Nothing is “off-the-shelf”.
The foundation of our success is based on treating both candidates and clients as valued customers. We seek to establish trust and respect by providing an excellent recruitment service to our clients and being trusted career advisors to our candidates.
Apex Fund Services (Malta) Limited
The Apex Group, established in Bermuda in 2003, is one of the world’s largest fund solutions providers. The Group offers an unrivalled suite of market-specific services on a local, regional, and global scale. From fund administration and comprehensive middle office services to banking and depositary solutions plus corporate services, Apex clients receive a full service solution enhanced by an agile service model. Apex administers over $650bn in assets and has offices in over 40 locations worldwide
Dolfin is an independent and agile wealth management platform. Founded as a UK-based wealth boutique in 2013, today – from offices in Malta and London – we provide world-class custody, depositary, brokerage and investment management, as well as our own bespoke technology, to private clients, financial advisers and institutional investors. Although we now look after more than $2.1bn of client assets and handle around $650m of brokerage flow every month, the commitment that drove us in those early days endures: we think differently and act faster than most. We open investment accounts promptly and safeguard assets; share our infrastructure; provide access to capital markets worldwide; and offer sophisticated investment expertise.
Francis J. Vassallo & Associates Ltd.
‘Our reward is in providing tailored solutions in the most efficient and ethical manner whilst nurturing lasting relationships for mutual growth and success.’
Francis J. Vassallo, founder of Francis J. Vassallo & Associates Group (FJVA), has a simple explanation for his company’s 20-year continued success: keep things ethical, be honest with regard to client needs and, above all, always put the client first, before anything.
FJVA comprises a team of over seventy highly experienced multi-disciplinary professionals, among which are internationally qualified tax advisors, corporate lawyers and accountants.
FJVA is an independent firm that provides a wide range of tax and advisory services supported by trustee, corporate, compliance, book-keeping and back-office services, to multinational companies, family offices and private clients worldwide.
Malta Stock Exchange
The Malta Stock Exchange offers a transparent listing and trading infrastructure for a variety financial instruments. Services include a full range of comprehensive pre and post trading operations comprising registration, custody services, clearing and settlement, register maintenance and as well as dematerialisation services for unlisted securities.
The MSE’s Main Market (RMM) and the Institutional Financial Securities Market (IFSM) enjoy the status of an EU Regulated Market while Prospects MTF is an SME oriented market which is fully regulated by the Exchange. The MSE is also the National Numbering Agency for the issuance of International Securities Identification Number (ISIN) and an authorised agent for the allocation of the Legal Entity Identifier (LEI).
Founded in 1990, Profile Software is a specialised solutions provider with offices in key financial centers and a presence in 38 countries across Europe, the Middle East, Asia, Africa and Americas delivering market-proven solutions to the Investment Management and Banking industries. Its specialized solutions for the broader banking (Digital Banking, Core Banking, Marketplace Lending, Payments, Loans, Risk Management, etc.) as well as Investment Management sectors (Wealth Management, Asset and Fund Management, Robo Advisory, Custody etc.) have been recognized by international industry specific advisory firms due to their rich functionality and innovative technological features. Profile Software boosts business optimization and advanced customer service by providing solutions with the necessary agility to meet the growing challenges of the industry, including requirements for Compliance, Open Banking, PSD2, AI, etc.
Sparkasse Bank Malta plc
Sparkasse is a public limited liability company established in Malta in 2000. The Bank operates from Malta as well as from its branch in Dublin where it provides Depositary services to Irish Funds. Sparkasse is a licensed Credit Institution under the Laws of Malta. In addition to Banking Services, the Bank also provides Investment Services, Custody and Depositary Services by virtue of the two additional investment services licenses issued by the Malta Financial Services Authority. In addition, the Bank holds a depositary license for the provision of depositary services to Irish Funds issued by the Central Bank of Ireland. The Bank’s core suite of services include Payment, Forex, Custody, Execution, Settlement, Asset Servicing and Depositary Services. The Bank is a direct participant in SEPA and a direct member of SWIFT and has developed a strong Global Custody network allowing for a broad market reach. The Bank the second largest Non-Core domestic bank and Custodian bank in Malta.
SYSTEMIC is a financial software developer for investment and risk management professionals across banks, investment funds, wealth managers, insurance firms and broker-dealers. Systemic provides integrated front-to-back investment and risk management software solutions through its state-of-the-art, scalable and easy to operate technology platform RiskValue™. In addition, utilizing its in-depth financial expertise, it also provides advisory and managed services in the areas of regulatory reporting, risk management and portfolio valuation.
Western Union Business Solutions
Western Union Business Solutions enables companies of all sizes to send and receive cross-border payments and manage foreign exchange. With deep expertise in moving funds around the globe, access to over 130 currencies, and a global financial network spanning more than 200 countries and territories, we help companies spend less time managing international financial transactions and more time growing their businesses.
We have extensive experience working with clients in a variety of sectors, including import and export, wine and spirits, agriculture, mining, and non-profit. We also offer customized solutions for legal, financial and educational institutions.
Western Union Business Solutions is one of the world’s leading providers of cross-border business payments. Western Union Business Solutions operates through locally licensed affiliates in more than 30 countries.
Alter Domus is a fully integrated Fund and Corporate services provider, dedicated to international private equity & infrastructure houses, real estate firms, private debt managers, multinationals, capital markets issuers and private clients. Our vertically integrated approach offers tailor-made administration solutions across the entire value chain of investment structures, from fund level down to local Special Purpose Vehicles. We are proud to serve 17 of the 20 largest private equity houses, 15 of the 20 largest real estate firms in the world and 17 of the 20 largest private debt managers in the world
Accelerate your business with Acumatica Cloud ERP. Acumatica is a leading provider of business management solutions that empower small and mid-sized businesses to unlock their potential and drive growth. Acumatica Cloud ERP delivers adaptable cloud and mobile technology with a unique, all-inclusive user licensing model which provides a complete real-time view of your business anytime, anywhere, on any device. Built on the world’s best cloud and mobile technology, Acumatica delivers a suite of fully-integrated applications, powered by a robust and flexible platform.
FIMBank p.l.c. is a leading provider of trade finance, factoring and forfaiting solutions, with a global presence in various important financial and trading centres. The Bank is an award winning, customer-driven provider focused on optimising business performance and supporting business growth by developing tailor-made solutions.
• Trade finance solutions
• International payments
• Real estate financing to established developers
• Treasury related services
• Savings and current accounts for corporates
• Term deposits
Kroll’s Compliance Risk and Diligence practice provides solutions that helps clients comply with the myriad of anti-money laundering and anti-bribery and corruption regulations worldwide.
Kroll is the leading global provider of risk solutions assisting clients to make confident risk management decisions about people, assets, operations and security through a wide range of investigations, cyber security, due diligence and compliance, physical and operational security and data and information management services.
Linedata offers a dynamic, configurable platform of software and services with a deep commitment to a partnership approach and delivering operational efficiency to help our clients succeed. With 20 years’ experience and 700+ clients in 50 countries, Linedata’s 1300 employees in 20 offices provide global humanized technology solutions and services for the asset management and credit industries that help its clients to evolve and to operate at the highest levels.
NichollsMoisa is a talent acquisition consultancy, helping clients increase their retention rates up to 96%, reduce commercial downtime and business costs. We collaborate, partner and counsel to ensure that our solutions get you results that matter, with up to 12 months guarantee. For a free consultation, contact Fran.
Pre-Conference Networking Event Sponsors
Castille Resources Ltd.
Castille is the professional network in Tech and Financial talent. We are the leading brand in Tech and Finance offering search consultancy, scalable staffing solutions, technical training and Digital employer branding. We leverage our expert industry and market knowledge to help businesses and professionals achieve higher performance and outstanding results. Operating in 3 countries, we combine deep geographic presence, world-class talent solutions and a tailored, consultative approach to attract, develop and retain the best and brightest people in Tech and Finance. Being a people-centric talent network, Castille takes pride in accompanying candidates throughout their professional development giving them lifetime career opportunities in strategic sectors and technical areas of skill.
Lunch & Networking Breaks Sponsor
Equiom (Malta) Limited provides asset protection through appropriate structuring and a comprehensive range of services relating to company set-up, trust, yachting and aviation. As part of Equiom Group, Equiom Malta’s clients benefit from global expertise and international solutions.
- Active Services (Malta) Ltd. The Regulatory Support service from Active Optimus provides assistance to in-house Compliance Officers and MLRO on all regulatory matters, including provision of an outsourced Compliance Officer if required. In addition to Malta, our expertise includes the British Isles, and covers such matters as EU directives, regulatory projects, GDPR support, etc
- ARQ Group is uniquely positioned to offer seamlessly integrated legal and financial services, customised to meet our client’s specific needs across a range of sectors. ARQ’s core focus areas are company incorporation and administration, investment migration, business advisory services, economic and market intelligence, risk management, audit and accounting.
- BDO Malta Ltd. is represented in 162 countries, employing 80,000 talented people in over 1,500 offices worldwide. With 41 years of experience in Malta, BDO has shaped into a leader in its fields, helping clients across a wide range of industries, supported by solid technical expertise, deep market insights and an international business mind-set.
- Since 2009, Brand it Merchandising has been focused on the supply of Promotional items, Large format printing, Digital Printing, Embroidery, Engraving and Offset Printing. We supply all kind of goods, from a simple pen to made to measure products.
- Camilleri Preziosi A leading Maltese law firm with a commitment to deliver an efficient service to clients by combining technical excellence with a solution-driven approach to the practice of law. Camilleri Preziosi is a specialised practice, advising on domestic and international transactions with a focus on corporate and commercial law, and the financial services sector. The firm provides both transactional and regulatory advice and assistance to clients. We take a multi-disciplinary approach to our practice and all our lawyers advise across a broad range of areas, which enables us to give practical and effective advice to clients.
- The Institute of Financial Services Practitioners represents financial services practitioners in Malta. It communicates practitioners’ suggestions, concerns and frustrations in a cohesive manner to both regulatory authorities and the Government, as well as keeping members up to date with new developments and providing training and other services in crucial areas.
- Vodafone has a history of technological innovation and prides itself on being at the forefront of developments that change customer lives for the better. Companies look to Vodafone to connect their fixed and mobile needs, online businesses and international offices to the rest of the world. Vodafone is the island’s leading telecommunications provider, delivering an unparalleled level of support.
- WorkingTown.com is a jobs portal and blog offering employers and recruiters the chance to list two vacancies for free. We are investing in SEO, social media presence and in-house IT capability to ensure that our website grows and gains visibility with job seekers in Malta and beyond. WorkingTown.com – your online jobs portal.