Event Details

Financial Services Internal Audit Conference (FSIACon)

A Financial Services (Non-bank) Industry focused event


Overview:

The Financial Services Internal Audit Conference provides a vital forum for internal auditors in the non-bank financial industry to gather and gain insights on the critical issues impacting the sector. This year's theme, "Earning Trust: Balancing Stability and Innovation to Foster Financial Diversity and Inclusivity," highlights the importance of building trust and strengthening resilience amidst evolving challenges and opportunities. The theme emphasizes the delicate balance between maintaining stability and embracing innovation to promote financial diversity and inclusion. Participants will gain valuable insights into emerging trends, best practices, IT, financial crime, AI, risk management and regulatory updates. These insights will empower attendees to navigate the complexities of the non-bank financial sector with confidence and foresight, fostering a culture of excellence, integrity, and trust.

Agenda

08:00 - 08:30
Registration and Networking
08:30 - 08:45
Opening Ceremonies
08:45 - 10:45
Keynote/PS1: Regulatory Framework or Priorities and Latest Issuances
Considering the rapidly evolving non-bank financial services industries, understanding the current regulatory environment, and equipping them with the knowledge to be able to proactively hel...
Considering the rapidly evolving non-bank financial services industries, understanding the current regulatory environment, and equipping them with the knowledge to be able to proactively help in the compliance programs and uphold the integrity and stability of their organization are paramount for internal auditors. This session will tackle the regulatory framework or focus and the latest regulations and other key updates or changes from various regulators such as the Insurance Commission, Bangko Sentral ng Pilipinas, Anti-money Laundering Council, and Securities and Exchange Commission governing the Non-Bank Financial Institutions (NBFIs). By the end of this session, internal auditors will gain insights on the regulatory trends, key compliance requirements, risk management practices, and the implications for operational strategies that will help them in developing effective auditing techniques to evaluate compliance and ensure regulatory alignment of their NBFI organization.

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10:45 - 11:00
Morning Networking Break
11:00 - 12:00
PS2: Raising the Bar: Focus on Consumer Protection
In the recent years, the growth of digital products and availability of wider range of solutions and services in the financial services industry have driven the level of competition as well ...
In the recent years, the growth of digital products and availability of wider range of solutions and services in the financial services industry have driven the level of competition as well as the complexity of the risk landscape. Cognizant of these, Regulators have taken the initiative to ensure that the financial system operates in the best interest of the consumers and the wider economy through the issuance of the Financial Products and Services Consumer Protection Act. This session aims to provide a deep-dive understanding of the regulatory requirements and consequently provide insights how financial institutions would be able to cope-up with the increasing expectations from the regulators, media and the general public.

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12:00 - 13:00
Lunch
13:00 - 14:00
PS3: Harnessing AI in Financial Services: Revolutionizing Internal Audits and Operational Processes in the Non-Banking Financial Sector
As artificial intelligence (AI) evolves, its transformative potential within the financial services (FS) industry becomes increasingly apparent. With mounting pressures from regulatory compl...
As artificial intelligence (AI) evolves, its transformative potential within the financial services (FS) industry becomes increasingly apparent. With mounting pressures from regulatory compliance and disclosure requirements, coupled with competing resources needed for high-impact and value-adding audits, leveraging advanced technologies like AI is game-changing. In this session, we will delve into how AI can reshape internal audits and streamline operational processes in non-bank financial institutions (NBFI). Specifically, we will explore the various processes in non-bank financial services where AI can be utilized, such as risk assessment, fraud detection, compliance monitoring, and data analysis. Join us to discover the future of AI in NBFI and learn how to achieve greater operational efficiency and earn the trust it deserves.

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14:00 - 15:00
PS4: Scaling for Success: Maximizing Data to Drive Decision-Making and Profitability
In today's rapidly evolving financial landscape, harnessing and leveraging data is paramount for achieving operational excellence and sustained profitability. In this session, let us delve i...
In today's rapidly evolving financial landscape, harnessing and leveraging data is paramount for achieving operational excellence and sustained profitability. In this session, let us delve into and address common challenges, e.g., legacy issues and data silos that hinder an organization's ability to make accurate and timely decisions. Let us also gain insights into effective data transformation strategies for valuable insights and optimum use, such as product modeling, pricing strategies, and market positioning. Finally, let us gain new perspectives on the role of internal auditors in this data-driven environment and how internal auditors can champion and help unlock the full potential of the organization's data assets.

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15:00 - 15:15
Afternoon Networking Break
15:15 - 16:15
PS5: Guardians of Trust: Enhancing Financial Crimes Prevention and Detection Capabilities in the Age of Advanced Technologies
In an era of rapid technological advancement and sophisticated fraud tactics, the financial services sector faces unprecedented challenges in safeguarding against sophisticated fraud schemes...
In an era of rapid technological advancement and sophisticated fraud tactics, the financial services sector faces unprecedented challenges in safeguarding against sophisticated fraud schemes and emerging threats like AI, deepfake technologies, phishing/smishing/vishing, cybersecurity, and data privacy breaches. The industry must continuously enhance its fraud prevention and detection capabilities to navigate this complex terrain and maintain trust in financial transactions.

Participants will delve into the intricacies of modern financial crimes, exploring the impact of artificial intelligence (AI) and deepfake technologies on fraud landscapes. Attendees will gain insights into cutting-edge fraud detection techniques, proactive measures, and strategies to mitigate against these emerging threats effectively.

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16:15 - 17:15
PS6: Earning Trust through Effective Risk Management Practices: Maturity Models, Emerging Trends, and Techniques
Earning stakeholder trust is essential in fostering financial diversity and inclusion in the country. A key driver of which is balancing stability and innovation in the non-bank financial se...
Earning stakeholder trust is essential in fostering financial diversity and inclusion in the country. A key driver of which is balancing stability and innovation in the non-bank financial services sector through an effectively managed risk management system. Successful risk identification and mitigation practices are not only accustomed to established standards and known risks but also receptive to continuous improvement and emerging risks. This session will delve and explore each risk management maturity level attributes, successful practices, emerging trends, and tools to gain clearer perspectives on the considerations and potential benefits in the current risk management approaches and relate these in identifying improvement strategies for optimal value to the organization and the industry.

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17:15 - 17:30
Closing Ceremonies / End of FSIACon

Speakers

    General Information

    REGISTRATION FEE INCLUSIONS:


    • IN-PERSON
    • Attendance for the whole day event, 8 CPE credits* for IIA Certifications , Meal (AM Snacks, PM snacks, and Lunch), and Certificate of Attendance
    • VIRTUAL
    • Attendance for the whole day event, 8 CPE credits* for IIA Certifications , and Certificate of Attendance
    • *CPE Credit for IIA Certification. CPD for PRC can be applied thru self-directed learning.


    NOTICE:


    • IIAP reserves the right to shift to full virtual should the minimum number of onsite attendees is not met or government imposed restrictions or fortuitous event will prevent face to face meeting.
    • Unauthorized reproduction and/or use of IIAP virtual seminar videos and materials is against copyright, intellectual property and data privacy laws. Any violation will lead to civil or penal action.
    • CANCELLATION, SUBSTITUTION AND NO-SHOW:
    • Cancellations received less than 7days prior to the event will be charged a cancellation fee, which is 50% of the registration fee.
    • Substitutions are allowed within the same event without incurring a cancellation fee.
    • No-show registrants will be charged 50% of the registration fee.

    Tickets

    In-Person_Member
    Member Price ₱4,000
    In-Person_Non-Member
    Standard Price ₱6,000
    Virtual_Member
    Member Price ₱2,000
    Virtual_Non-Member
    Standard Price ₱4,000

    REGISTRATION AND CANCELLATION POLICIES

    • All registrations shall be paid prior to the actual event/ seminar date.
    • If cancellations were done with proper communication received at least 7 calendar days before the event/ seminar date, 100% of the registration fee will be automatically credited as a training fund.
    • If cancellations were done with proper communication received one (1) to six (6) calendar days before the event/ seminar date, only 50% of the registration fee will be automatically credited as a training fund.
    • Cancellations with or without proper communication made on the same day of the event/ seminar may result to "no show" and forfeiture of payment.
    • Substitutions are allowed as long as the replacement has the same membership status; otherwise, the difference in the ticket price must be settled.

     

     

    PAYMENT INSTRUCTION

    Payment should be made through IIAP's bank account under UNIONBANK OF THE PHILIPPINES (UBP).

    Note that the submission of Proof of Payment is still mandatory for Invoice issuance.


    BANK DETAILS FOR DIRECT DEPOSITS (CASH OR CHEQUE), ONLINE FUND TRANSFERS, WIRE REMITTANCE

    Account Name: Institute of Internal Auditors Philippines, Inc.

    Bank Name : UNIONBANK OF THE PHILIPPINES

    Branch: Insular Ayala-Paseo Branch

    Bank Address: GF Insular Life Building Ayala Avenue corner Paseo de Roxas Makati City

    Swift Code: UBPHPHMM

    Account no. :0030 6000 2627 (Peso Checking Account)


    Purpose of Transactions  : for Seminar/Events Registration and Membership Fees

     

    IMPORTANT! Mandatory submission of proof of payment

    via IIAP Website:https://bit.ly/submitProofofPayment​

    Email it to: training@iia-p.org