TreaSolution is very excited to to announce that American Deposit Management has joined us as a Silver Sponsor for the U. S. Fintech Symposium on June 4-6, 2024 in Chicago, Illinois!! Their support adds immense value to this premier event in the heart of the fintech industry. The American Deposit Management Co. [ADM] is your modern cash solution. Since 2009, ADM has been a premier partner across many sectors, including the ever-evolving FinTech space. With customized solutions and an experienced team you can trust, allow us to help elevate your Financial Institution. Visit americandeposits.com to learn more.
0 Comments
We are thrilled to announce that Steve Kenneally from American Bankers Association will be joining us as a distinguished speaker at The U.S. Fintech Symposium, set to take place from June 4-6, 2024! Steve will be taking part as a panelist in the highly anticipated Keynote Panel Discussion titled "Next-Gen Payments: Emerging Technologies & Strategies." Steve Kenneally works at ABA on a range of payment systems including check, ACH, card, wires, as well as coins and paper money. He spends an increasing amount of time focused on emerging payment technologies such as mobile payments, virtual currencies, and blockchain technology, with an eye towards making them faster, safer, and frictionless in the future. He is the staff liaison to two standing member committees focused on payments issues in addition to ABA’s Emerging Payments Advisory Group. He served as Chair of the International Banking Federation Payments Working Group and he is an elected member of the board of the Faster Payments Council and serves on Nacha’s Payments Innovation Alliance Consumer Payments Advisory Committee. Prior to joining the ABA in 2005, he served at the United States Department of the Treasury where he managed the private network of banks collecting non-tax payments on behalf of the federal government and drafted regulations and guidance on cash management issues. We are thrilled to welcome Rick Galasieski, General Manager from Super.com as a moderator for the Peer-to-Peer Discussion "The Evolution of Banking APIs: Opportunities and Challenges for Partnerships" at the 6th Annual U.S. Fintech Symposium. Mr. Galasieski is the General Manager at Super.com, a growth stage company that has raised $200M+ since inception. Super.com is a platform built to help the low income, subprime demographic, save money, earn money, and manage money while building their credit with innovative products like the Super Secured Mastercard. With a legacy in fintech, he was the VP of Strategic Partnerships and Business Development for Green Dot's BaaS platform, driving collaborations with the likes of Intuit, Shopify, Stripe, and Uber. Previously, as the VP of Strategic Development and Emerging Payments for EPS Financial, he played a pivotal role in the growth and ultimately in its acquisition by Pathward, formerly MetaBank. He was responsible for a robust payments module embedded in industry leading tax preparation software, processing billions of dollars. He was a pioneer in the early days of GPR consumer prepaid cards, overseeing marketing and program management as the COO of BankFreedom. Exciting announcement! We are thrilled to present an engaging new member to our roster of speakers! Christy Young Barger, the Senior Director-Licensing at Cornerstone Licensing Services, will serve as the moderator for the Peer-to-Peer Discussion titled "Building for Growth: Balancing Licensing Requirements with Fintech Expansion Strategies" at the 6th Annual U.S. Fintech Symposium, June 4-6, 2024 in Chicago. During the last 18 years with Cornerstone, Christy has formed and maintained valuable client relationships. In her current role she speaks with industry leaders to navigate clients through new licensing based on company activity, statutory compliance notifications regarding corporate changes, overall client expansion and development, and more. Her passion to see her clients succeed calls for her to continuously study the latest state licensing requirements and regulations to ensure proper licensing. Exciting news! We are excited to introduce a dynamic addition to our lineup of speakers! Craig Florio, Executive Director at Queueless will be a moderator for the Peer-to-Peer Discussion "Crafting a Compelling Business Case: Selling CX for Fintech Growth" at the 6th Annual U.S. Fintech Symposium. A veteran of Financial Services and an innovative business executive, Craig brings 25 years of experience in business operations, contact center, and technology to the table. With extensive experience as a CX leader, Craig’s focus has been on intelligent, data driven automated Digital, and Voice solutions. He is a customer and agent first advocate who believes that a frictionless experience has a direct benefit to the business bottom-line. We're thrilled to announce that the U.S. Fintech Symposium has been recognized as one of the "Top Upcoming Fintech Events to Visit in 2024" by Highen Fintech Labs. This acknowledgment speaks volumes about the quality and relevance of the U.S. Fintech Symposium in the ever-evolving financial technology industry. Highen Fintech Labs states, "The U.S. Fintech Symposium is a valuable resource for financial professionals seeking fintech insights. Through panels, keynotes, and networking, it offers practical fintech applications in the financial services industry." Don't miss out on this opportunity to gain valuable insights and forge meaningful connections within the fintech community. Register now to secure your spot at the U.S. Fintech Symposium and take your understanding of financial technology to new heights. Do you work for a startup with innovative products and/or services that affect the fintech industry? Are you looking for a platform to showcase your product to industry leaders and potential investors? Look no further! We're thrilled to announce the launch of the Fintech Startup Showcase program at the 2024 U.S. Fintech Symposium! At the Fintech Startup Showcase, we're committed to providing a spotlight for startups formed after January 1, 2019, with revenues under $10,000,000 and fewer than 10 employees. Whether you're disrupting the payments industry, revolutionizing lending practices, or pioneering new technologies in financial services, this is your chance to shine. What sets our showcase apart is its accessibility and affordability. For a modest investment, startups can secure a spot in the Fintech Startup Showcase and gain unparalleled exposure to our audience of industry leaders, investors, and potential partners. It's a golden opportunity to elevate your startup's visibility and propel your growth journey forward. Participating in the Fintech Startup Showcase not only offers startups with a platform to showcase innovation but also provides invaluable networking opportunities and access to expert insights. Startups will have the chance to connect with fellow entrepreneurs, learn from industry veterans, and forge strategic partnerships that can drive your startup's success. Don't miss out on this opportunity to take your fintech startup to the next level. CLICK HERE TO SIGN UP TODAY! New Peer-to-Peer Moderator Announcement: Sarah Grooms from Wintrust Financial Corporation!2/20/2024 We are thrilled to announce the addition of a dynamic new speaker! Sarah Grooms, Senior Vice President at Wintrust Financial Corporation will be a moderator for the Peer-to-Peer Discussion "Open Banking and API Strategies for Fintech Innovation". Sarah E. Grooms, CTP is a Senior Vice President and has been with Wintrust Financial and subsidiary companies for over 23 years. Sarah currently serves as the leader of Special Initiatives for the Enterprise, having previously served as Program Director of Digital Transformation. Prior to that, she held roles in Treasury Management sales and leadership, Commercial Lending and Commercial Credit. Exciting news! We're delighted to reveal that Brian Barnes, Founder and CEO at M1 Finance will be sharing his insights and expertise at the Keynote Panel Discussion "Navigating Disruption: Insights from Fintech CEOs on Industry Evolution". Brian Barnes is the founder and CEO of M1, a personal finance platform that lets you earn, invest, spend, and borrow. With more than $8 billion in assets under management, M1 helps hundreds of thousands of people build their wealth using powerful automation tools and topflight rates. The company is based in Chicago and has raised $325M at a unicorn valuation. TreaSolution is happy to announce that FreeClimb from Vail will be a Gold Sponsor of the of the U. S. Fintech Symposium on June 4-6, 2024 in Chicago, Illinois! FreeClimb from Vail helps companies of all sizes realize exceptional customer experiences via the industry’s most intelligent, scalable communications platform built on 32 years of continuous innovation and engineering expertise. They engineer secure software solutions for the financial services industry, offer unparalleled business support, and currently handle 10% of the contact center traffic in the US across contact-intensive verticals such as financial services, retail, hospitality, wireless, and healthcare. Visit https://www.freeclimb.com/ to learn more. We are thrilled with our ongoing partnership with Fintech Finance News which has enhanced our reach and impact within the Fintech and Risk & Compliance industries. At Fintech Finance, their mission is clear: to produce the slickest episodes and engaging interviews that span the entire financial services spectrum, from traditional branches to the exciting world of blockchain. We are proud to partner with Fintech Finance News and are confident that this collaboration will bring even more excitement and opportunity to the U.S. Fintech Symposium attendees. Here's to many more years of making the Fintech and Risk & Compliance industries even more captivating. Keep an eye out for further updates on this exciting partnership! Thank you, Fintech Finance News! Companies around the world rely heavily on documents to store and convey information. This information often needs to be digitized for it to become useful; however, this is usually accomplished through time-intensive, manual processes. This is especially prevalent in the financial sector where many businesses need a paper trail. Using advancements in machine learning and cloud technology, it's possible to automate many of these processes to make them more efficient and scalable. Document Understanding is the study and implementation of AI/ML towards document processing, including Optical Character Recognition, Entity Extraction, Natural Language, Large Language Models, Classification, and Generative AI. In addition, we will discuss Document AI, a platform from Google Cloud that takes unstructured data from documents and transforms it into structured data, making it easier to understand, analyze, and consume.
The U.S. Fintech Symposium will feature a timely and important panel discussion that will focus on the challenges and concerns that community banks and credit unions face in the fintech space. The panel will bring together experts from the banking and fintech industries who will provide their insights and experiences on the most pressing issues impacting community banks and credit unions. Attendees will have the opportunity to hear from industry leaders on how to navigate the ever-changing fintech landscape, including topics such as data security, compliance and customer experience. The panel discussion on "Critical Fintech Concerns for Community Banks & Credit Unions" promises to be an invaluable resource for financial institutions of all sizes. As community banks and credit unions look to stay competitive and meet the evolving needs of their customers, they face a variety of challenges. The panelists will provide their unique perspectives on how to manage these challenges and opportunities, and will discuss strategies for building successful fintech partnerships that can help these institutions thrive in the digital age. Overall, the panel discussion is a must-attend event for anyone interested in the intersection of fintech and community banking. Attendees will gain valuable insights and practical advice from industry experts who have firsthand experience in dealing with the most pressing issues facing community banks and credit unions. This panel discussion is a must-attend event for bankers, fintech executives or other executives that have a general interest in the future of financial services. The "Current Challenges in Technology, Compliance & Risk Management Oversight" panel discussion will offer timely and valuable insights into the challenges facing organizations today in technology compliance and risk management. The panelists, representing consulting, legal, banking and payments industries, will discuss emerging technologies, the regulatory environment, and the current state of financial services compliance. The panelists' perspectives are particularly timely given the challenging banking environment, the pace of technological change and the ever-evolving regulatory landscape. With the increasing use of digital payments and the adoption of new technologies, organizations must stay ahead of the curve to ensure they remain compliant with regulations and manage associated risks. Don't miss this opportunity to hear from industry experts and gain valuable insights into the challenges faced by organizations today in technology compliance and risk management. This panel discussion promises to be an engaging and informative event that attendees will not want to miss. Fintech services are changing the way we all do banking, loans, credit, etc. At the center of this is a LOT of data. Fintech companies are obligated to be good data stewards of consumer data via the applications, software, infrastructure that they develop and maintain as part of their overall business services. Cybersecurity resiliency will be a key factor in ensuring that consumer growth and trust is maintained for fintech organizations. Meet the topic of Zero trust. A healthy topic of discussion within the cybersecurity company and increasingly a hot topic in fintech startups and more mature organizations recognizing that the ecosystem of their product hinges on solid security architecture. Zero trust is a concept that states that trust should be implicit across these product environments but validated and verified and not simply once but all the time. This presentation will focus on presenting a case study within the card industry on how zero trust measures have factored into the cybersecurity resiliency of the company's software development strategy and data security commitment to its customers. Most Important Points? 1. Fintech services are revolutionizing the way banking, loans, and credit are conducted, and a significant amount of data is at the center of this transformation. Fintech companies have a responsibility to be good data stewards of consumer data through their software, applications, and infrastructure. 2. Cybersecurity resiliency is crucial for fintech organizations to maintain consumer trust and growth. This is becoming an increasingly critical topic in the cybersecurity and fintech industries, with a focus on the concept of zero trust. 3. The presentation will present a case study from the card industry, demonstrating how zero trust measures have contributed to the cybersecurity resiliency of the company's software development strategy and data security commitment to its customers. We are thrilled to announce that FinTech Magazine has become an official marketing partner of the 2023 U.S. Fintech Symposium. This strategic alliance brings together two of the most innovative and dynamic organizations in the fintech industry to provide you with the latest insights, news and trends. We are proud to partner with FinTech Magazine and are confident that this collaboration will bring even more excitement and opportunity to the U.S. Fintech Symposium attendees. Keep an eye out for further updates on this exciting partnership! TreaSolution is happy to announce that FinWise Bank will be a Knowledge + Networking Sponsor of the 2023 U.S. Fintech Symposium on May 16th - 18th in Orlando, Florida! FinWise Bank will be sponsoring a Knowledge + Networking session, speaking at the event and company representatives will be exhibiting so attendees can learn more about their third-party loan origination platforms, proprietary loan analytics technology and Lending as a Service (LaaS) fintech solutions to small businesses and individuals. About FinWise Bank FinWise Bank is a top-performing state-chartered community bank headquartered in Murray, Utah. FinWise leverages strategic relationships with third-party loan origination platforms, proprietary loan analytics technology and an experienced leadership team to efficiently deliver innovative Lending as a Service (LaaS) fintech solutions to small businesses and individuals. FinWise is expanding in the broader Banking as a Service (BaaS) space bringing key card, payment and deposit solutions to today’s fintechs.
New Session Announcement: Why On-Demand Pay is the Fintech Industry’s Answer to the Future of Work2/28/2023 This session will discuss the evolution of the payroll, why on-demand pay is the future and how it fits into the fintech ecosystem, and why the financial services industry should care. Payroll is the point a consumer’s financial journey begins – without a steady inflow of funds, consumers simply cannot pay for items, let alone utilize the millions of fintech services available today. And, for most people, they rely on a paycheck as their main source of income. However, on any given day, EY estimates that $1 trillion of employees’ wages are locked up in payroll systems across OECD countries. Meanwhile, millions of people live paycheck to paycheck, with little to no financial buffer in between the 2-4 week pay cycle. In fact, according to Ceridian’s latest research, one in two North American workers tapped into their savings account to pay for necessities in 2022. As a result, they succumb to credit card debt or even payday loans to make ends meet. With financial stress at all-time highs, imagine what freeing up that $1T in capital would do for workers’ financial well-being. Over the past several years, on-demand pay has revolutionized the payroll experience by eliminating the need to wait for payday. Leading employers have successfully implemented on-demand pay solutions like Ceridian’s Dayforce Wallet to empower workers with instant access to their paychecks. Most Important Points? As more employers recognize the importance of on-demand pay, it will open the doors for millions of people to access their paychecks on any day of the month. Plus, it will act as a as a financial bridge for those lacking access to credit. This presentation will highlight how this will impact a consumer’s financial journey, and why it matters to the fintech industry. Explore how the fintech ecosystem can take advantage of a massive opportunity to provide every employee (a potential customer) with more sophisticated financial tools like robust budgeting options, lending products, credit building, investments, and more. What’s next after on-demand pay? What types of innovations will bridge the gap between the traditional two-to-four-week pay cycle and employees’ financial needs? Enter streaming pay, a technology pioneered by Ceridian that will automatically “stream” workers’ earned wages into their wallets in real-time. As workers face macroeconomic challenges like inflation, many are barely making ends meet, with little to no financial buffer to pay for unexpected expenses like a car repair or a medical emergency. Explore how employers like Danone North America and OTG Management have implemented on-demand pay to help alleviate this stress for their people, leading to increased retention and productivity at work. Fintech is revolutionizing the way that banks, credit unions, and financial services companies operate and this trend is set to continue in 2023. From improving the customer experience to reducing costs, fintech is providing a wide range of benefits for these institutions. In this blog post, we will explore the reasons why fintech is so important for banks, credit unions and financial services companies in 2023. The world of finance is rapidly changing and it is important for these institutions to stay ahead of the curve. Banks & Fintech Fintech can help banks improve their customer experience by providing more convenient and efficient services through digital channels. For example, customers can use mobile banking apps to check their account balances, transfer money and even deposit checks. This not only makes banking more convenient for customers, but it also reduces the need for physical branches and can help banks save money on overhead costs. Additionally, fintech can help banks reach new customers and markets that they may not have been able to reach before. This is particularly true for digital-only banks that can operate with a lower cost structure and have a more tech-savvy customer base. For banks, a strategic initiative that can be considered in 2023 is to invest in digital channels to improve customer experience and reach new markets. This could include developing mobile banking apps, creating a responsive website and leveraging social media to interact with customers. Additionally, banks can leverage fintech to automate processes and reduce costs. This could include using AI-powered chatbots to handle customer inquiries or implementing blockchain technology to streamline back-end operations. Another strategic initiative that banks can consider is to partner with fintech firms to gain access to cutting-edge technology and services. This could include forming partnerships with fintech startups to co-create new products and services or using fintech platforms to improve the customer experience. Credit Unions & Fintech For credit unions, fintech can help them better compete with larger banks by providing similar digital services. This is particularly important as credit unions tend to have a smaller customer base and need to keep pace with the digital capabilities that larger banks can offer. By using fintech to provide digital services, credit unions can reach more customers who are comfortable using digital channels for their financial needs. Additionally, fintech solutions can also help credit unions increase member engagement by providing more personalized services. A strategic initiative that Credit Unions can consider in 2023 is to develop an enhanced digital strategy to better compete with larger banks. This could include creating a mobile banking app, a responsive website and using social media to interact with customers. Additionally, credit unions may be able to use fintech to increase member engagement and personalization. This could include using data analytics to create targeted marketing campaigns or using AI-powered chatbots to provide personalized financial services. Another strategic initiative that credit unions can consider is to invest in technology and data analytics to improve risk management and compliance. Financial Services & Fintech For financial services companies, fintech can help them improve their risk management and compliance capabilities. With the help of fintech, they can automate certain processes and monitor transactions in real-time which can help them identify and prevent fraud more effectively. Additionally, fintech can help financial services companies provide more customized and targeted products and services to their clients. Furthermore, fintech can also help financial services companies to be more responsive to changing market conditions and consumer preferences. For financial services companies, a strategic initiative that can be considered in 2023 is to collaborate with fintech companies to stay at the forefront of innovation in the sector. This could include forming partnerships with fintech startups to co-create new products and services or using fintech platforms to improve the customer experience. Additionally, financial services companies can utilize data and analytics to better understand customer needs and preferences. This could include using data analytics to create targeted marketing campaigns or using machine learning algorithms to predict customer behavior. Conclusion In conclusion, fintech is an increasingly important aspect of banking, credit union, and financial services in 2023. It provides a way for these institutions to improve customer experience, reduce costs and stay ahead of the competition by leveraging cutting-edge technology. By implementing the right strategic initiatives, these organizations can thrive in the coming years. Attending fintech conferences, where industry leaders and innovators come together to share their ideas and insights, is a great way to stay informed about the latest trends and technologies in the financial services sector. By attending fintech conferences, institutions can gain valuable knowledge and make valuable connections that can help them stay competitive in the fast-paced world of fintech. Continue the conversation, join our LinkedIn group:
The Fintech, Banking & Financial Services Networking Group We are thrilled to announce that Credit Union Times has become an official marketing partner of the 2023 U.S. Fintech Symposium. This strategic alliance brings together two of the most innovative and dynamic organizations in the fintech and credit union industry to provide you with the latest insights, news and trends. We are proud to partner with Credit Union Times and are confident that this collaboration will bring even more excitement and opportunity to the U.S. Fintech Symposium attendees. Keep an eye out for further updates on this exciting partnership! About Credit Union Times Credit Union Times is the most comprehensive, independent credit union news site in the industry. Their trusted and independent team of experts provides credit union leaders with the strategic and tactical information necessary to run their institutions and better serve members. They celebrate those that are adapting and succeeding in new ways and translate the impact of regulations and technology into digestible, shareable information that can be immediately put into real-life practice. Service Weaver is a programming framework that makes it easy to write, deploy, and manage high-performance cloud applications. The developer writes their application like it's a traditional, single-process executable that runs on the local machine, and the focus is mostly on the application business logic. Service Weaver takes care of cloud configurations and integration with the cloud provider (e.g., breaks down into a set of connected microservices, monitoring, tracing, logging). With Service Weaver the developer doesn't have to worry about finding the right boundaries to split the application binary into microservices. They can split the application into as many modules as desired. During deployment, Service Weaver decides which modules run together in the same microservice and which run in separate microservices. During deployment, the developer deploys and manages a single application binary. The fact that it runs as separate microservices in the cloud is an implementation detail: Service Weaver tooling preserves the impression of a single application binary, while it allows to easily run and test the application locally, before deploying it in the cloud. Last but not least important, Service Weaver uses custom serialization and transport protocols that are up to 3x more cost effective than the best industry solutions (i.e., gRPC and protocol buffers). This means the cloud bill is significantly reduced and the developer can double-down on their focus on the application logic.
In this session, we will delve into the specific challenges and opportunities faced by financial institutions as they navigate regulatory requirements and strive to foster a culture of innovation. We will discuss how compliance can be used by fintechs and financial institutions alike as a catalyst for positive change and how to align compliance efforts with corporate values, vision, and cross-functional business objectives. Attendees will learn practical tips for building a compliance program that meets banking regulatory requirements, partners with other teams within the organization to support business goals, and drives value as a strategic tool for the organization, all while fostering a culture of innovation in the banking industry. Attendees will understand the importance of fostering a culture of innovation and compliance in the banking industry and the role that compliance teams in both fintech and financial institutions can play in supporting and promoting innovation. Attendees will learn strategies for promoting micro-innovation within compliance teams, including how to encourage and support experimentation and risk-taking, create an environment that supports continuous learning and improvement, and measure the impact of these efforts. Attendees will learn best practices for aligning compliance efforts with business goals, including how to integrate compliance into strategic planning and decision-making processes, measure the impact of compliance on business outcomes, and effectively communicate the value of compliance to stakeholders. New Session Announcement: Fintechs and their Banks are in a Relationship...And it’s Complicated1/23/2023 Chris Uriarte, Partner at Glenbrook, explores the complex relationship that exists between fintechs and their sponsor banks in today’s complex, dynamic environment. As the fintech market continues to grow, banks who are entrenched within the fintech space are doing their best to keep up, fintechs are struggling to comply with new requirements and traditional leaders in the banking market are trying to elbow their way into the space. All of this has led to complexities across all stages of fintech-bank relationship lifecycle. This presentation will discuss 1. Understanding the complexities around how banks are viewing fintechs when considering relationships. 2. The increasing compliance burden and risk sharing models that are being utilized. 3. Complexities related to the evolving nature of fintech use cases and new product deployments, and how banks are reacting. 4. The challenges that are faced when fintechs are serving other fintechs. 5. Overview of the increasingly complex regulatory landscape influencing the sponsor banking landscape. 6. Recommendations for fintechs as to how they can best be prepared for engaging with sponsor banks. 7. Recommendations for fintechs and banks as to how they can best establish healthy, long-term relationships. |