June 14, 2017 @ 5:30 pm – 8:30 pm
1251 Avenue of the Americas
1251 6th Ave, New York, NY 10020
Data Aggregation & Financial Services: Players and Issues @ DWT | New York | New York | United States

Data Aggregation & Financial Services: Players and Issues

Wednesday, June 14th, 2017

This panel will explore the complex ways that consumer financial services data aggregators are driving FinTech innovations. While commercial demands are currently shaping the bounds of aggregator activities, regulatory intervention has the potential to significantly impact the development of these companies and the services they provide. We’ll discuss:


  • The innovations that aggregators are building and how they have the potential to streamline the operation and delivery of consumer financial products and services, including smarter marketing engines, enhanced underwriting, improved customer service, and simplified account transfers;
  • The oversight challenges that aggregators present for financial institutions, including cyber security risks, liability for data breaches and other improper activities, and the application of laws and regulations to aggregators as service providers;
  • The divergent perspectives among banks, FinTechs, and consumer advocates on potential regulatory intervention by the Consumer Financial Protection Bureau (or others) and areas of common ground among these stakeholders; and
  • How Europe’s experience with open banking and mandated open-access APIs might provide a valuable lesson for US companies and regulators.

Moderated by

Adam Maarec
Associate Davis Wright Tremaine LLP

Adam Maarec concentrates his practice on financial services. He advises financial institutions on regulatory compliance matters regarding consumer protection, data privacy and information sharing, and joint marketing. Adam has experience with a broad range of financial protection laws, including Dodd-Frank, the Truth in Lending Act, the Gramm-Leach-Bliley Act, the Fair Credit Reporting Act, the Real Estate Settlement Procedures Act, the Telephone Consumer Protection Act, and the CARD Act, as well as state telemarketing and insurance regulations. His regulatory practice includes drafting rulemaking comment letters, meeting with government agencies, and responding to regulatory investigations.

The Panelists

Al Mangan

Al Mangan

Managing Associate, Addleshaw Goddard LLP

Al specialises in the impact of competition law in the payments industry.  He has completed two senior secondments to a major UK bank and is currently advising on the CMA’s retail banking market investigation (including the implications of open banking).  Al advised a number of UK and international PSPs on the impact of the new interchange regulation.  He also regularly assists on PSR related matters and has worked with several merchants on the impact of the new surcharging rules under PSD2.  Al has broad experience in physical cash and coin, including processing, CIT and ATMs

Chris Hydak

Chris Hydak

Privacy and Marketing Attorney, USAA

Chris is a privacy and marketing attorney at USAA and advises the enterprise on issues across an array of channels and industries.  As part of these responsibilities, Chris advises USAA on products and services that involve the collection, use, sharing or other processing of consumer personal and financial data, including with respect to data aggregators and data aggregation services.  Prior to joining USAA, Chris worked on privacy and cybersecurity issues at Hunton & Williams LLP and Ropes & Gray LLP in New York.  He is a graduate of the University of Texas at Austin and Vanderbilt Law School.

Niko Karvounis

Niko Karvounis

Co-Founder and Chief Product Officer, Quovo

Niko Karvounis is the co-founder and Chief Product Officer of Quovo, a data platform providing connectivity for millions of financial accounts, reflecting over $1 trillion. Today, hundreds of institutions, thousands of advisors, and millions of end-users rely on Quovo’s technology for account aggregation, bank authentication, and ongoing insights to build better financial futures. Prior to founding Quovo, Niko worked at LexisNexis, HUGE, The Century Foundation, and Atlantic Media.

Register Today


Networking & Drinks
Panel Discussion

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