Reuters Events: Transform Payments USA 2023 (June 13-14, 2023, Austin) united 150+ senior executives from across the banking, payments, and regulatory ecosystems to discuss the future direction of the industry. The event has finished, but during its course, attendees explored topics ranging from the implications of instant payments maturity to finding harmony between regulation and innovation. They also delved into elevating the treasury experience through next-generation technologies and preparing for a new age of cyber security & fraud. This gathering brought together global financial institutions, technology firms, network providers, regulatory bodies, and payments partners to reimagine how the world pays.
The adoption of 24/7, digital payments promise to unlock considerable supply-side bottlenecks for financial institutions, resulting from reduced use on cheques, faster settlements and quicker deployment of funds. Yet its execution must carefully consider the nuanced requirements of individuals, businesses, and the wider infrastructure.
Key Questions being asked:
New regulations are not just of concern to nascent fintechs and payment-service-providers but are crucial to the health and operational resilience of financial institutions throughout the United States. As banks strengthen their fintech partnership and utilize the potential of embedded finance, staying ahead of regulatory concerns is business critical.
Key Questions being asked:
Never has the proximity between banks and fintechs been so small, contributing to an ecosystem of business model innovation and new product development. Yet while 90% of US financial institutions report benefits to partnering with fintechs, the additional regulatory and technological burdens it presents poses many strategic questions for digital banking leaders.
Key Questions being asked:
Better deployment of API’s, authentication software and data aggregation have the potential to transform how customers pay and fulfil the aim of making payments as seamless as possible. Yet the path to building automated, personalized, and embedded experiences requires deep understanding of the consumers, SMEs and corporates who experience friction in their payments journey.
Key Questions being asked:
Chief Technology Officer
Chief Product Officer
Chief Payments Officer
Chief Innovation Officer
Head of Treasury, Payments & Capital Markets
AVP of Information Technology
Senior Vice President, Head of Consumer Operations Strategy and Transformation
Regional Director, Global Merchant Network Services
SVP- Director of Product Development
Director, Head of US Real-Time Payments
Head of Product
SVP - Head of Immediate Payments
Head of Commercial Banking Technology
EVP - Director of Customer Experience
Head of Cash Operations
Head of Payments
Head of Commercial Payments & Treasury Management
