 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.
0 Comments
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.  Sponsoring a fintech conference can be a great way for companies to get exposure, network with potential clients and partners, and stay up-to-date on the latest trends and innovations in the fintech industry. Here are a few things to consider when thinking about sponsoring a fintech conference:
Bonus Tip! Consider sponsoring the U.S. Fintech Symposium - The U.S. Fintech Symposium provides sponsors with the opportunity to increase brand awareness, generate leads, and make valuable connections with potential clients and partners in the fintech, banking and financial services industries.  Opening a bank account once required a physical ID, now SSNs and other PPI have been prioritized. Some financial institutions have upgraded KYC with visual biometrics. Synthetic identities and deepfakes have proven efforts unfruitful. Future technologies like microchips or rapid DNA testing could not guarantee identity. Not all hope is lost. If we can admit shortcomings, dynamic strategies based on math can still identify money laundering and financial terrorism before they occur.
This presentation will discuss 1. The important of KYC onboarding. 2. The failure of the current KYC model in the United States. 3. Five steps to identifying money laundering and financial terrorism.
 In recent years, the fintech industry has exploded in growth and innovation. From digital banking and payment solutions to embedded finance and blockchain, fintech is changing the businesses interact with and manage their finances. As a result, the legal landscape surrounding fintech is becoming increasingly complex and law firms can play a crucial role in the industry's development. One way for law firms to stay ahead of the curve and gain visibility in the fintech community is to sponsor a fintech conference. Here are five reasons why law firms should sponsor a fintech conference:
To stay ahead of the competition, it's important for businesses to keep up with the latest trends and adapt to new technologies as they emerge. Sponsoring the U.S. Fintech Symposium is one way to demonstrate industry thought leadership and stay up-to-date on fintech technologies and their potential impact on the financial sector.
The U.S. Fintech Symposium provides a valuable opportunity to network with industry professionals, learn about the latest trends and developments, and gain a better understanding of how these technologies will shape the future of finance.  Are you considering attending a fintech conference in 2023 but not sure if it's worth the investment? Look no further! In this blog post, we will provide you with 23 compelling reasons why attending a fintech conference in 2023 is a must. From networking opportunities and learning about the latest trends to continuing your education and finding potential partners, there are countless benefits to be gained from attending a fintech conference. Whether you are a banker, technologist, entrepreneur, consultant, salesperson or simply interested in staying up-to-date on the latest developments in the industry, a fintech conference is an excellent choice. Read on to learn more about the top 23 reasons to attend a fintech conference in 2023.
To stay ahead of the competition, it's important for businesses to keep up with the latest trends and adapt to new technologies as they emerge. Attending the U.S. Fintech Symposium is one way to stay up-to-date on these technologies and their potential impact on the financial sector.
The U.S. Fintech Symposium provides a valuable opportunity to network with industry professionals, learn about the latest trends and developments, and gain a better understanding of how these technologies will shape the future of finance.  To celebrate the beginning of 2023, we are offering $100 off general registration* for the U.S. Fintech Symposium. Join us in sunny Orlando, May 16-18, 2023!  *Offer ends February 16th
New Session Announcement: The Future of Scalable Intelligent Automation for Banks and Fintechs12/8/2022  The Intelligent Automation industry is drastically changing and has become commoditized. Almost every platform has similar capabilities and many firms have dabbled with several. The most important determinant of a successful intelligent automation program is ROI. If an automation program is not making more money for a fintech then what it's costing, it won't last. It will also be difficult to scale passed the 5-10 bot automation phase.
Fintechs and banks are getting savvier, and the industry is naturally shifting to meet client demand. This places less important on tools and more importance on what to automate, speed to automate and industry know-how in what is being automated. Leveraging intelligent automation to truly support each employee is how fintechs can maximize their investment and democratize automation within their firm. View more details about Gabriel's presentation here.
 Have you finished your 2023 budgeting process? Did you forget this important fintech sponsorship opportunity?
The U.S. Fintech Symposium will be held in Orlando on May 16th - 18th. This conference brings together industry executives and decision-makers to network and discuss the latest fintech strategies, tactics and trends. Some of the benefits of sponsoring the U.S. Fintech Symposium include:
Interested? We'd love to share more information on how the U.S. Fintech Symposium can meet your marketing, branding, and sales goals. If you would like to talk, please let me know some dates & times that would work well for you. Alternatively, you can use this link to schedule a 30-minute zoom meeting here: Schedule a Zoom Meeting  By 2026, B2B eCommerce will hit $18 Trillion, showcasing that digitalization is well underway as leaders are moving their transformation efforts and omnichannel strategies ahead significantly faster than they previously thought possible. But when we talk about improving B2B payments, it’s important to understand that credit cards won’t cut it. Today’s business buyers, shaped by their experiences with B2C, want the option to purchase online and the process to be fast and convenient. In this presentation, we’ll envisage the B2B payments network of the future, and how it will create an experience as frictionless as a credit card purchase. It stands to change B2B forever.
This presentation will discuss 1. The unique requirements of B2B buyers and why payments must become invisible 2. How does a B2B payments and invoicing network work to build more profitable and loyal trading relationships. 3. How to build the capability for B2B embedded payments and how to manage the costs and complexities.  The U.S. Fintech Symposium is seeking speaking proposals from fintech thought-leaders who are interested in sharing their experiences, best practices, case-studies and/or research. There are two speaking options: 1.) a 50-minute presentation and/or 2.) a panel discussion. The ideal speaker(s) will have extensive industry experience and be willing to share information about their session and the conference on social media. The Symposium will be held in Orlando from May 16th - 18th, 2023 and will bring together industry executives and decision-makers to network and discuss the latest fintech strategies, tactics and trends. *** Submissions Due by December 31, 2022 *** If you would like to submit a presentation for consideration, please complete the form on our website: U.S Fintech Symposium Call for Speakers We will notify you ASAP if your presentation was selected for the 2023 U.S. Fintech Symposium.  We're happy to announce that the registration for the 2023 U.S. Fintech Symposium in now open. Register before December 31st and save $200 off of regular registration! The U.S. Fintech Symposium will be held in Orlando, May 16th - 18th, 2023. Learn from fintech thought-leaders,discuss partnership opportunities with industry organizations and network with fintech executives. 
Learn More About Speaking at the U.S. Fintech Symposium
 Last year a record 5.4 million small businesses were formed as people sought to take control of their own career paths and become their own boss. That means there were 5.4 million opportunities for fintech providers to help these entrepreneurs when they needed it most - at the very beginning of their business journey. Yet, every single one of them was abandoned by fintechs in favor of more stable, higher revenue SMBs, continuing the pattern of running from small businesses at their most vulnerable stage because data shows that most new businesses fail.
Early stage businesses are underserved in a crowded market, and don’t have the same needs or support as larger businesses. These brave new business owners need financial tools to help them grow and become successful, and right now, no fintech solution makes it easy for them. Instead they are forced to stitch together different fintech products, racking up fees (and headaches) along the way. This session will cover why the fintech industry needs to find viable models that help these early-stage business owners be successful.  Customer experience management (CXM) is an emerging and trending industry that is revolutionizing the customer experience and business productivity, as well as boosting the bottom line for fintechs. Not to be confused with CRM, CXM uses innovative technology that goes beyond CRM capabilities to solve customer problems in real time. This presentation will explain CXM technology capabilities, the specific value it brings to fintechs’ operations, bottom lines and customers.
 Web3 and Decentralized Finance (DeFi) is the (r)evolutionary movement to create a solely code-based, intermediary-independent financial system—a movement which has grown from $4bn to $104bn in assets locked in the last three years. Isabell will present a systematic review of the yet fragmented DeFi research field.
By identifying, analyzing, and integrating 83 peer-reviewed DeFi-related publications, the results contribute fivefold. First, they confirm the increasing growth of academic DeFi publications through systematic analysis. Second, they frame DeFi-related literature into three levels of abstraction (micro, meso, and macro) and seven subcategories. Third, they identify Ethereum as the blockchain in main academic focus. Fourth, they show that prototyping is the dominant research method applied whereas only one paper so far has used primary research data. New Session Announcement: How Bill Pay Innovation Helps Banks Build Solid Customer Relationships9/27/2022  Consumers have come to expect seamless interactions when transacting online, however, most of the legacy bill pay platforms banks offer their customers fall far short of that standard. This helps explain why 76 percent of consumers pay their online bills directly to billers. Many banking executives have taken notice and they are now adopting modernized bill pay technology in an effort to win back customers and customizing additional products and services based on bill pay activity. BillGO’s Russ Chacon will share real-life examples of modern bill pay is helping banks regain and retain customers.
 Fintech has grown wildly beyond what we could have imagined 15 years ago, and the ecosystem is now littered with behemoth tech companies. But for all that noise, fintech hasn’t really even made a dent in most parts of financial services. In fact, so little impact that you could reasonably ask, "will it ever?" But if you look close enough at the canary in the coal mine segments, fintech penetration is happening, is accelerating, and is inevitable across the whole industry. There are trillions of dollars of market cap to go get, and you could argue we’re at risk of under investing in the sector. Zach will also dive into what areas of fintech are especially ripe for innovation and have the most opportunity to disrupt traditional finance.
 Last year a record 5.4 million small businesses were formed as people sought to take control of their own career paths and become their own boss. That means there were 5.4 million opportunities for fintech providers to help these entrepreneurs when they needed it most - at the very beginning of their business journey. Yet, every single one of them was abandoned by fintech’s in favor of more stable, higher revenue SMBs, continuing the pattern of running from small businesses at their most vulnerable stage because data shows that most new businesses fail.
Early-stage businesses are underserved in a crowded market, and don’t have the same needs or support as larger businesses. These brave new business owners need financial tools to help them grow and become successful, and right now, no fintech solution makes it easy for them. Instead, they are forced to stitch together different fintech products, racking up fees (and headaches) along the way. This session will cover why the fintech industry needs to find viable models that help these early-stage business owners be successful.  Kevin will demonstrate the importance of APIs and how they enhance the customer/merchant experience.
The three most import points discussed during this presentation will be: 1) The impact of APIs goes beyond the initial payment, as they offer support for what can happen afterwards through post backs/webhooks, reporting, and reconciliation of dispute management (chargebacks). 2) Most organizations put their focus on how to tee-up payments, but it’s also crucial to have the functionality of APIs to help automate processes and support customer needs. 3) Having real-time data available from APIs offers a better and more efficient merchant and customer experience across the board.  Making loans and gathering deposits are core financial services activities. Advanced fintechs are utilizing funds transfer pricing (FTP) to help determine how to price these activities. This alone is challenging, but recent changes in key market rates (i.e., Libor phase-out and SOFR phase-in) are making this even more challenging. We will describe the fundamental basis for FTP, key components, and how changes in market interest rates are affecting FTP approaches in many financial institutions. If your institution is competing for loans and deposits, you need to understand this key component to pricing decisions for loans and deposits.
 The only constant in any industry is change, but it’s particularly applicable to Payments. Understanding how the industry is changing is vital to future-proofing your organization. In this session, Barry will discuss key principles of what will make up the future of fintech.
Introduction: Payments are backbone of fintech. Key principles of people-focused payments: 1) Pain-free Payments: Customer expectations of ease continue to rise. If things aren’t easy, people abandon quickly. How seamless is payments…really? 2) Payments with Purpose: Let’s redefine the word “payments.” Payment = money + data. They must be connected. One w/o the other doesn’t work 3) Pliable Payments: Money has changed in form over the years…yet we still have most forms. Which wins? It shouldn’t matter to most businesses. 4) Protected Payments: While technology continues to push payments forward, the one constant in payments is trust. 5) Payments with Partners: Gone are the days where one company can do it alone. Payments is an ecosystem and that’s even more true today. Conclusion: When you put all these together, you get “unified payments”; that’s the future of fintech. |
