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INNOVATION SESSIONS
Informative sessions on a timely industry topic presented by one of our industry partners.
Innovation sessions will be held during breakfast and lunch on Monday as well as during breakfast on Tuesday.
Monday, November 5th
Please choose one session from each group and submit your contact information at the bottom of the page.
Breakfast Sessions - 7:30 A.M. to 8:15 A.M.
Innovation Session 1
The Future of Compliance Management is Now
With compliance risk and change management being areas of continued focus for regulators, how equipped are financial institutions to deal with the continued deluge of new regulatory requirements and the increased scrutiny? Organizations can’t afford to maintain traditional silos of change management with disconnected information and manual processes for monitoring, tracking and assessing compliance risk. Learn best practices for shifting your organization to an integrated compliance management strategy to address compliance changes through common processes, automated compliance tracking and a supporting technology architecture.
Speakers: Elona Ruka-Wright, Global Chief Risk Officer at Finastra, and David J. Boulanger, Esq., Principal Product Manager at Finastra.
This session will be presented by:
Innovation Session 2
Hidden Tax Debt: What You Should Know About Your Borrowers, but Probably Don’t
Are you lending to businesses with significant off-the-books liabilities you don’t know about? Our data suggests most lenders are unable to identify the nearly 20% of businesses with hidden tax debt, but it’s not their fault. Delinquent federal tax debt accounts are at a 15-year high while federal tax lien filings have declined to a 15-year low. Making matters worse, a credit report and other public record data can’t identify this dangerous credit risk gap. In this session, you will learn how other successful commercial lenders have transformed their credit decisioning processes to quickly identify borrowers’ hidden tax debts, uncover cash flow issues, and make more confident credit risk decisions.
Speaker: Hansen Rada, CEO, Tax Guard
This session will be presented by:
Lunch Sessions - 12:45 P.M. to 1:30 P.M.
Innovation Session 3
How Firm a Foundation? The Basis for Building a Growth-Oriented Digital Credit Process
Digital transformation is sweeping over the banking industry, led by intense competition to keep up with customer expectations, streamline operations, and discover new revenue sources.
Speakers: Chris McDonnell, Managing Director, Greenwich Associates and Lee Kidder, Director, AFS
This session will be presented by:
Innovation Session 4
Gimme Credit: Faster, Simpler, Safer Credit For Main Street America
The largest banks pulled back from small business lending during the recession, yet even in this strong economy, community financial institutions and FinTech companies have struggled to fill the gap. After researching this credit gap, PayNet is releasing a comprehensive 46-page study, developed in cooperation with Raddon, a Fiserv company, that examines how inefficiencies for community financial institutions and high costs for FinTech companies have hindered small business lending, and how overcoming these challenges may offer the key to unlocking small business opportunities. In this innovation session, key findings and strategic insights from this study will be highlighted.
Presented by William Phelan – President, PayNet, Inc.
This session will be presented by:
Tuesday, November 6th
Breakfast Sessions - 7:30 A.M. to 8:15 A.M.
Innovation Session 5
The Art and Science of Digital Lending – Playbook for Experience Transformation
Gone are the days when lending was just about relationships, the future belongs to the institutions who deliver faster, serve better, adapt to change, and do it all with a delightful digital experience for customers, employees, and regulators. The dynamic nature of the financial services industry requires it to constantly reinvent and redefine the way it works by optimizing processes and delivering value to customers. Please join us for a journey into the digital wonderland and learn how art and science combine to transform your lending operations. This session will provide you with a playbook for a digital lending strategy. Our panel of experienced industry leaders will cover key trends changing the lending landscape and provide real-life experiences to help you get started on your digital journey.
Speakers: John Smith, Chief Information & Administrative Officer, United Bank; Nancy Foster, Senior Vice President, BNB Bank; Heather Knight, Regional Manager, Newgen Software Inc.
This session will be presented by:
Innovation Session 6
CECL: Make Lemonade from Lemons by Going Beyond Compliance
Many bankers have a sour taste in their mouth when they discuss CECL. The process could squeeze out lots of time and energy from your regular work, leaving you feeling beaten to a pulp with nothing to show for it. Why not see the lemonade pitcher as half full; a robust CECL process could actually help provide new insight into your lending business! Turn all that hard work into a cool and refreshing way to both save time and to enhance portfolio and capital management. No matter your bank's size, please come and sit down with DebtX and take a long sip that could result in a greater understanding of your true risk profile.
Speaker: William S. Mercer, CFA, Managing Director
This session will be presented by:
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