Tuesday, 31 October, 2023
12 pm EDT

24/7 Readiness: Implementation Roadmap for FedNow Instant Payments

In partnership with

Why attend

The introduction of FedNow Instant Payments represents a significant step forward in the evolution of the US payment landscape. By offering 24/7 availability and interoperability, FedNow aims to provide a modern, efficient, and user-centric payment system. Collaboration among regulators, financial institutions, and technology experts will play a pivotal role in shaping the future of payments in the industry.

However, there is no one-size-fits-all plan. Now is the time for financial institutions to understand the opportunities and lay out their implementation roadmap with clear objectives and resources to overcome challenges at their own pace.

Join this interactive panel discussion to learn more about:

🔴 Benefits of 24/7 availability: FedNow enables financial institutions to extend their payment processing capabilities around the clock to meet the demands of the modern digital economy and improve customer satisfaction.

🔴 Increasing revenue: Explore how the constant availability of Instant Payments and FedNow facilitates real-time liquidity management, enabling financial institutions to optimize cash positions and reduce idle funds.

🔴 Interoperability: Discuss common standards in facilitating seamless communication between financial institutions to foster a harmonized financial ecosystem, promoting operational efficiency across the industry, and instantaneous transfers between users regardless of their chosen financial institutions or payment platforms.

🔴 Partnerships: Explore the opportunities for collaboration between financial institutions, technology providers, and other stakeholders to leverage the benefits of FedNow and achieve operational efficiencies collectively.

🔴 The right approach: How financial institutions should develop a clear vision of their goals, resources, and needs to get instant payments up and running.

The key take-aways

Benefits of 24/7 availability: FedNow enables financial institutions to extend their payment processing capabilities around the clock to meet the demands of the modern digital economy and improve customer satisfaction.

Increasing revenue: Explore how the constant availability of Instant Payments and FedNow facilitates real-time liquidity management, enabling financial institutions to optimize cash positions and reduce idle funds.

Partnerships: Explore the opportunities for collaboration between financial institutions, technology providers, and other stakeholders to leverage the benefits of FedNow and achieve operational efficiencies collectively.

The right approach: How financial institutions should develop a clear vision of their goals, resources, and needs to get instant payments up and running.

The webinar panel

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Bridgit Chayt, EVP Head of Treasury Management & Commercial Payments | FIFTH THIRD BANK

Allison Baller, Vice President & Head of Industry Readiness, FedNow | FEDERAL RESERVE BANK OF BOSTON

Technology Thought Leader & Innovator. Strategic Relationship Builder. Team Leader. These are just some of the roles I have played as a global Business Development Executive focused on conceptualizing, modeling, and proving the business value of new technologies including blockchain, digital currency, mobile payments, analytics and cloud computing.

Michael Knorr, CIB Industry & Advisory Lead | WELLS FARGO

26 years of extensive experience in financial service’s product management. Proven track record in driving and executing strategy for financial service products. Excellent skill set in building teams and working in a cross-functional environment to achieve business transformation. Recognized industry expert in payments.

My ability to combine in depth business knowledge with technology capabilities enables me to provide solutions to complex problems and drive customer value.

Specialties: CLS, Payments, eCommerce, Wholesale Cards, CRM, Business Process Management, Enterprise Data Management, Payment Market Practice, ISO 20022, ERP Integration, SWIFT, Cash Management, Payments Systems Risk Management, AML, FATCA,, CBDC, Digital Strategy.

John Zazzera, Executive Bank Leader, Payments, Operations, and Technology expert

As an innovative and forward-thinking Chief Operating Officer with a strong foundation in technology, I have demonstrated extensive expertise throughout my 20+ year career in financial services. My track record showcases the ability to assemble, lead, and guide high-performing teams, emphasizing inclusivity and brand building.

Experienced in leading and scaling digital product development, launching payments, treasury, and savings programs. Banking as a service expertise management. Excelling in translating strategies into tangible successes, acting as a leading architect of reinvention, and demonstrating proficiency in change management.

My engineer hands-on approach combines operational excellence through leveraging technologies such as Artificial Intelligence, Lean Six Sigma, Cloud Solutions, Robotic Process Automation, BioCatch Fraud, Biometric, and SaaS solutions to drive sustainable revenue growth.

Recognition for mastering integration migration strategies, successfully navigating financial turnarounds, and orchestrating mergers and acquisitions. Expertise in Shared Services, Global Payments Operations, Deposits, Fixed Income, Digital Banking, Correspondent Banking, Deposits, and Managed Services.

Prominent Leadership roles: President, Chief Technology-Information Officer, Chief Product Officer, Managing DirectorSofware Engineering, Cores, Networks Infrastructure—leadership in Enterprise Risk Management, Compliance, Screening Operations, Clearing, and Global Transaction Services

Launched FinTech startup, EBIDTA, and CAGR accountability. Created strategy, architectural development, software creation, and go-to-market initiatives with a $3 million investment, achieving $350M in revenue and 58% ROE in 2.5 years with exit

Managed bank's complex regulatory remediation efforts consent orders with OCC, FRB, FDIC, OSFI, and SEC. BSA, AML, Sanctions, TPRM, and Financial Crime Compliance organizations. Overseeing regulatory exams. FRB Supervisory Board and Payments Advisory Member

Director serving on various Boards, contributing to strategic insights across Communities, public-private companies, academia, technology firms, and FinTech startups

My visionary, innovative, digital solutions-driven mindset propels me forward. Leveraging cutting-edge technology and generative AI, clients-centered focus with optimized operations for unparalleled client experiences

Exceeding expectations with my "BluePrint to Growth TOM™," incorporating SAFe Agile, KPIs metrics, processes, and automation tools, crafting tailored solutions with bank regulators and boards

Mihail Duta, Director, Solution Consulting, Transaction Banking | FINASTRA

Mihail Duta, Director, Global Solution Consulting, Payments, Americas | FINASTRA

Mihail Duta is responsible for all pre-sales and other consulting activities in the US regional space. Prior to this role Mihail was responsible for management of Finastra’s payments products in the Americas, including its payments services hub, and U.S real-time payments initiatives. He has been actively supporting Finastra’s U.S. payments solutions in various capacities since 2000, when he joined Fundtech (which ultimately became Finastra in 2017).

Throughout his tenure working with Finastra’s U.S. payments solutions, Mihail served various business functions in developing strong and enduring client relationships. Today, he interacts directly with customers as a liaison to Finastra’s U.S. payment wires and ACH user boards.

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This webinar is in partnership with

Finastra is building an open platform that accelerates collaboration and innovation in financial services, creating better experiences for people, businesses and communities. Supported by the broadest and deepest portfolio of financial services software, Finastra delivers this vitally important technology to financial institutions of all sizes across the globe, including 90 of the world’s top 100 banks. Our open architecture approach brings together a number of partners and innovators. Together we are leading the way in which applications are written, deployed and consumed in financial services to evolve with the changing needs of customers. Learn more at finastra.com.

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