Risk Management in the FedNow® Instant Payments Era

Dive into the intricacies of risk and fraud in the FedNow® landscape. Learn proactive strategies to safeguard both your institution and account holders.

Recorded Thursday,
May 30th, 2024
Presented by Kevin Olsen
1h total length
$299.00 or 1 Token

Includes: 30 Days OnDemand Playback, Presenter Materials and Handouts

  • Auditing
  • BSA
  • Compliance
  • Deposit
  • Transaction Compliance
  • Bank Legal Counsel
  • Bank Secrecy Act Officer/BSA Specialist
  • Branch Manager
  • Compliance Officer
  • Internal Auditor
  • Risk Manager
  • Training Manager
  • Trainer

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The Federal Reserve's FedNow® service is poised to redefine the payments industry with its promise of speed and reliability. However, as the velocity of transactions intensifies, so does the threat landscape - or does it? This webinar underscores the emerging risks and vulnerabilities inherent with instant payment systems like FedNow®. We will unpack a toolkit of best practices and preemptive measures that institutions can use to fortify their defenses against cyber threats and fraudulent activities.

What You'll Learn

  • Overview of FedNow® and its transformation of the payments industry
  • Changing fraud landscape in the era of instant payments
  • Key vulnerabilities with real-time/instant transaction systems
  • Effective strategies to detect, deter, and deflect cyber threats
  • Best practices for ensuring robust security protocols in a FedNow® environment
  • Understanding the regulatory and compliance implications of adopting FedNow®

Who Should Attend

This webinar is a must-attend for professionals in financial institutions aiming to integrate or already using the FedNow® service. Particularly beneficial for: Risk Management Specialists, Cybersecurity Officers, Operations Managers, Digital Strategy Professionals, Risk Management Departments, Compliance Officers, IT Departments, Innovation and Product Development Teams, and Training and Development Departments.

Kevin Olsen

Instructor Bio

Kevin Olsen is the Payments Professor bringing enthusiasm and motivation to presentations. Viewing the world as a classroom which is exemplified in the professor’s “edutainment” (when education is motivating, informative, and fun) style of training as he seeks to educate and inform all on the latest developments and trends in the fascinating world of electronic payments Kevin develops programs, presentations, and articles designed to orient and educate financial professionals on a multitude of electronic payment topics. Kevin is also a certified business coach helping lead organizations to innovate and communicate in the ever-changing world of payments, including building of payment strategies with a focus on product development and use cases for faster payments (RTP & FedNow).

Among his many certifications, Kevin is an Accredited ACH Professional (AAP), an Accredited Payments Risk Professional (APRP), an NCP (National Check Payments Certification) as well as an NCP Certified Trainer and a Certified High-Performance Coach (CHPC), and holds a masters in industrial organizational psychology from Liberty University.