All-day forum will look at technologies ‘transforming banking operations’

Emerging technologies that are “transforming banking operations” is the topic of an all-day forum hosted by the federal deposit insurer next month, featuring participants from banks, technology developers, trade groups and representatives from state and federal regulators.

The “Use of Technology in the Business of Banking” seminar, hosted by the Federal Deposit Insurance Corp. (FDIC), is May 7 from 9 a.m. to 3:45 p.m. ET at the agency’s Sheila C. Bair Auditorium, 3501 Fairfax Drive, Arlington, Va. Registration is required to attend, although the FDIC plans to live webcast the event (and record for on-demand access following). There is no charge. The FDIC outlined the program in its Financial Institution Letter (FIL) 15-2018.

According to the agency, the forum will focus on emerging technologies transforming banking operations, including the impact of the technologies on retail banking, new and innovative delivery channels, enhanced customer experiences, and economic inclusion. Balancing rights and security in consumer financial data access will also be explored.

Among the participants, the agency said, will be representatives from banks that use or are considering using emerging technologies, representatives from firms offering emerging technologies, representatives from bank trade associations, thought leaders on the use of technology in the business of banking, leaders of consumer and community organizations, and representatives from federal and state financial regulatory agencies.

FDIC Forum: Use of Technology in the Business of Banking