Without a doubt, Fintech companies have ushered in a new era of payment solutions that is outpacing and outmaneuvering the traditional banking industry. Fueled by the growing capabilities of cutting-edge, digital innovation such as biometrics, digital currency, and proximity devices, Fintech companies are radically transforming the payments industry at a faster pace than ever before. The impact of these new technologies is transforming not just how, where and when payments are made, but consumers’ behavior and expectations.
As the Fintech ecosystem has evolved, banks and financial institutions are increasingly partnering with Fintech companies to position themselves at the center of this new digital era. Financial institutions seeking to better understand the growing capabilities in the payments space won’t want to miss this event. This information-packed payments webinar will address the array of emerging technologies shaping the payments industry, as well as the key issues, challenges and pitfalls relating to these products and systems.
Attendees to this banking webinar will learn:
- The latest advancements and emerging trends in payment technologies
- The influence of emerging payment systems on banks and financial institutions
- How various payment models relate to money transmission
- Risk management considerations and strategic guidance for managing risk
- Regulatory and legal considerations related to new payments systems
- Determining what qualifies as money in the new payments landscape
- Key issues, challenges and pitfalls relating to emerging payment products and systems
Dena Somers is a highly regarded bank consultant and compliance attorney. She has provided regulatory compliance and risk management consulting services to financial institutions and companies in highly regulated industries nationwide for more than 20 years. Her areas of expertise include consumer and mortgage lending compliance, Fintech and specialty finance, regulatory compliance training, business strategy and best practice advisement, and corporate governance. Throughout her career, Ms. Somers has advised hundreds of banking and financial institutions— ranging from local community banks to $50 billion financial holding companies— to achieve operational efficiency while ensuring regulatory compliance. Previously, Ms. Somers served as General Counsel to a national mortgage servicing company, Fintech lender, national money service business, and has represented financial institutions in a broad array of complex litigation matters for more than 15 years. Additionally, Ms. Somers is a published author for Lexis Nexis in the areas of Bank Teller training, loan policies, and loan documentation training.
1.0 CPE Credits & 1.2 AAP Credits