Is the Future of US Payments Instant?
Identifying Banking’s Next Big Opportunity
Presentation Date & Time:
Date: May 17th
Time: 11:00 AM to 11:50 AM
Presenter Information:
Name: Heman Daswani
Organization: Temenos
Name: Patrick Devlin
Organization: Temenos
Presentation Description:
The payments landscape is undergoing a convergence, where the adoption of instant payments is becoming a question of when rather than if. The arrival of FedNow is set to drive innovation across a range of new payment use cases while reimagining older ones. Forward-thinking banks are reevaluating their technology strategies to keep pace with these changing dynamics. By consolidating multiple payment engines, transforming processes, and prioritizing customer experiences, they are taking steps towards transformation. However, the main challenge they face is the hurdle of outdated legacy systems. Join Temenos experts as they explore the changing landscape of faster payments, highlighting the technology that is driving improvements in speed and customer experience for both domestic transactions and cross-border remittances. Learn about the impact of key initiatives like FedNow and Real-Time Payments (RTP), and discover how your bank can capitalize on new opportunities.
Presentation Date & Time:
Date: May 17th
Time: 11:00 AM to 11:50 AM
Presenter Information:
Name: Heman Daswani
Organization: Temenos
Name: Patrick Devlin
Organization: Temenos
Presentation Description:
The payments landscape is undergoing a convergence, where the adoption of instant payments is becoming a question of when rather than if. The arrival of FedNow is set to drive innovation across a range of new payment use cases while reimagining older ones. Forward-thinking banks are reevaluating their technology strategies to keep pace with these changing dynamics. By consolidating multiple payment engines, transforming processes, and prioritizing customer experiences, they are taking steps towards transformation. However, the main challenge they face is the hurdle of outdated legacy systems. Join Temenos experts as they explore the changing landscape of faster payments, highlighting the technology that is driving improvements in speed and customer experience for both domestic transactions and cross-border remittances. Learn about the impact of key initiatives like FedNow and Real-Time Payments (RTP), and discover how your bank can capitalize on new opportunities.
Heman Daswani Biography
Heman Daswani is the Payments Consulting Head at Temenos. Heman is a Payments ninja with keen interest in the latest payment technologies and innovations. He has over 12 years of experience in the financial industry and always looking for new ways for banks and fintechs to leverage technology to streamline their payment processes and drive growth. He was one of the Temenos speakers at the NACHA conference in 2022 and recently featured in media interview with tearsheet.co.
Patrick Devlin Biography
Patrick Devlin is the Senior Vice President - Payments at Temenos. Patrick has over 20 years of experience in global payment processing, alternative & real time payments and digital goods, but also pre-paid, debit, and credit card issuing program and partnership management. He has an extensive knowledge of integrated Fintech partnerships and execution as well as e-commerce payment optimization. Patrick has worked in marketing leadership and financial services roles at JP Morgan Chase, HSBC, American Express, Visa, PayPal and WorldPay.