BURLINGTON, Mass.--NEACH announced its inaugural Innovating Payments Conference, Nov. 14, 2018, at the Renaissance Providence Downtown Hotel in Providence, RI. This one-day event, focused on keeping community banks and credit unions relevant and competitive, will help top executives, product owners, and strategy influencers in the financial industry leverage innovative technologies and align with the right Fintech partners.
“Increasingly, we’re seeing the interplay between emerging payments technologies. For example, you can’t talk about big data without discussing machine learning and artificial intelligence,” says Joe Casali, AAP, NCP, senior vice president of NEACH. “For a while, these technologies were part of future-casting for small-to-mid-sized financial institutions, but no longer. Fintech solutions, designed specifically for the needs of community banks and credit unions, have come onto the scene. That’s what Innovating Payments is about: bringing the right solutions to community banks and credit unions.”
Toward that end, the conference’s multitier focus will include sessions on Fintech solutions and providers, faster payments, trends in Fintech, Regtech, Proptech and Insurtech, strategic innovative examples, and more.
Attendees can choose sessions from four tracks — Executive Insights, Payments Strategy, Today’s Solutions, and three General Sessions with keynote speakers sharing their perspectives on driving innovation:
- Banking and CU 2.0: Accelerating the Future with FinTech with Vasilios Roussos, DCU FinTech
The opening general session relays the story, the outcomes, and the lessons learned from the DCU FinTech Innovation Center, New England’s largest FinTech startup program, as told by the Center’s Managing Director and Center cohort startup, COALESCE.AI. The speaker will explore how DCU built an innovation funnel that improves member experiences and operational efficiencies and how any organization can begin its own innovation journey.
- U.S. Faster Payments Council (from the Federal Reserve) with Steve Ledford, The Clearing House, member of the Faster Payments Task Force Governance Framework Formation Team (GFFT)
Over lunch, attendees will learn about the U.S. Faster Payments Council, a new organization being formed to guide the industry in deploying a ubiquitous, world-class payments system for Americans to safely and securely pay anyone, anywhere, at any time and with immediate funds availability. The U.S. Faster Payments Council (USFPC) represents the work of the Governance Framework Formation Team (GFFT), a diverse group of payments industry stakeholders that was established by the former Faster Payments Task Force. The presenter will provide an overview of the USFPC and answer your questions about the organization. See fedpaymentsimprovement.org for more information about the USFPC.
- Payments 2020 and Beyond with Peter Davey, The Clearing House
What might the world of payments look like in the future? Customers will have more choices, the U.S. and other world markets will have deployed smarter and faster payment systems, and the world will grow more and more connected each day. This closing general session will paint a picture of the payments world of the future, beyond the Fed’s call for a faster, ubiquitous payments system by 2020.
In addition to thought-provoking keynote sessions, Innovating Payments will offer opportunities for dialogue and connection. For example, NEACH has extended personal invitations to several innovative FinTechs that are pioneering new industry solutions for small-to-mid-sized financial institutions. Attendees will have an opportunity to talk with these startups and solution providers in a first-of-its-kind exhibit hall, Innovation Row.
“By partnering with and learning from entrepreneurial experts, credit unions and community banks have a unique opportunity to get ahead of the next wave of products, services, and trends in the industry,” says Vasilios Roussos, keynote speaker and managing director at DCU FinTech.
To keep up-to-date on new sessions and speakers and to register for the conference, visit NEACH.org.
The New England Automated Clearing House (NEACH) is a non-profit association that helps members originate and receive ACH transactions, and provide products, services, education, and marketing to increase the acceptance, use and quality of electronic transactions. For more information, visit NEACH.org.