Tuesday, October 3 • 11:45 a.m. – 12:45 p.m. ET
Keith Barnett along with panelist Chris Black: CEO & President at Thread Bank, Tim Boike: Vice President of Industry at Federal Reserve Financial Services, John O'Shea: President at Viking Client Services, and Emily Pirnack: Head of Product at Orum.io will be panelist for the "FedNow and the Opportunity for Faster Lending" session, which will be held on Tuesday, October 3, 2023.
Now that the Federal Reserve has unveiled its new payment system, FedNow, there is little doubt about the complexity of developing and deploying a nationwide real-time payment infrastructure. Digital loan payouts are finally reaching an inflection point, as data matures, and infrastructure better connects financial institutions. This offers the promise of faster lending, but challenges remain. How will this new technology affect consumer lenders, service partners, and banks? And what are the opportunities and challenges ahead? Hear from the Federal Reserve Bank and early FedNow launch partners on integration and why FedNow is critical step towards a faster lending future.