May 1, 2018 | Written by: IBM Staff
Categorized: AI | Banking | Payments & Transactions
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As the banking Payments ecosystem in Canada continues to expand, IBM is looking forward participating in the upcoming Payments Canada Summit, held in Toronto on May 9-11 with industry leaders, innovators and challengers. While the advances in Payments processing are clear, there still remains a number of areas where further education is necessary, additional trust and security is required, and advances made in payments technology are still needed. Enter, the Payments Canada Summit. This summit is “the ideal meeting point for the Payments community to come together to understand the future-state of Payments,” and IBM is thrilled to be involved.
Transformational change in Payments ecosystem
As an executive sponsor, IBM will be featuring a keynote speech and panel discussions during the two and-a-half day event. Global VP of Watson Financial Services, Vivek Bajaj, will kick it off with a keynote speech on how Cognitive and Blockchain are using regtech, augmented counter fraud and customer service and to ultimately, transforming financial services. This session will discuss how to simplify payment processes and systems, detect fraudulent transactions & money laundering investigations, and how blockchain technology can benefit one more industry and find another application in the real world. Also Mr. Bajaj will lead a separate breakfast session on the monetization of implementing a Cognitive Payments solution. This morning session will detail IBM’s journey to create the fabric where Canadian Payments ecosystem members can collaborate in real-time and consume Payments services from both large, established financial institutions, smaller fintech startups and everyone in between. You can also see Sridhar Narayanan, Executive Architect, IBM Financial Services Solutions participating on a blockchain panel with Dr. Andrew Maxwell, Director of Bergeron Entrepreneurs in Science and Technology at York, and Elena Litani, TD Bank. This panel is moderated by Doug Alexander, Financial Services Reporter at Bloomberg News.
The week’s events will be hosted by BNN’s The Disruptors, Bruce Croxon, but be sure to also catch featured speakers including Asheesh Birla, SVP of the blockchain startup Ripple, president and CEO of Moneris, Angela Brown, and renowned cybersecurity and fraud expert, and main character inspiration of the Academy Award-nominated film Catch Me If You Can, Frank Abagnale Jr.
Payments touches on many subjects, and so does the Payments Canada Summit
While Payments at face value may appeal to those who are predominately in financial services, there are a number of disciplines that the Payments industry reaches that will be covered at the Payments Summit. With over 90 speakers and 40 different breakout sessions, there is something for everyone. Topics include:
- Consumer protection
- ISO 20022
- Open Banking
- Retail Payments
“The way we pay is changing, and that’s changing everything”
As Payment processing can attribute to up to one third of a banking institution’s revenue, modernization is at or near the top of a list of priorities for financial institutions. Modernization is defined by more than just a fresh paint of coat. It involves fighting security threats that continue to grow in complexity and scope reducing fraud, meet regulatory and compliance laws, and providing an intuitive, streamlined customer experience, all while looking to lower operating and overhead costs. To meet these challenges, many banking and payment processors are turning to AI and cognitive computing to meet these demands. How can a bank modernize securely while lowering costs? Payments Summit Canada looks to bridge that gap, answer those questions by educating and informing conference attendees so they can be on the forefront of payments technology and leaders in this fertile industry.
Learn more about IBM Safer Payments and fraud detection technology here.
Click here for further information about The Payments Canada Summit, including speaker, agenda, and registration information.