The full impact of artificial intelligence (AI) on financial services is yet to be seen. However, Innovative Payments Conference attendees will get a glimpse into the future from a Microsoft executive who will share insights into leveraging AI to drive growth. The conference, hosted by the Innovative Payments Association, is slated for May 7-9 at the Grand Hyatt in Washington, D.C.
“The past, present and future of payments is on deck at the IPA Innovative Payments Conference,” said IPA President and CEO Brian Tate. “IPC is an inclusive opportunity for payments professionals to learn from the best in the business on issues that address compliance, legislation, regulation, and innovation, and giving attendees a new vision for the future of payments.”
In his session, Microsoft’s Ranveer Chandra, managing director for research and chief technology officer for agri-food, will examine AI’s improvements to customer acquisition, financial management, and transaction processing. However, not all technology is good technology. So, IPC attendees also will hear about AI from the perspective of fraud. Chief Seer Adwait Joshi at Data Seers will address how AI has created deepfakes, voice manipulation, and intelligent chats – and how the payments industry can prepare.
In a separate session, representatives from Visa will highlight how digital and contactless transit payments are helping remove barriers to using public transportation, advancing sustainable transportation, and promoting financial inclusion and equity among travelers.
Unfortunately, equity and inclusion aren’t always the name of the game – something Dan McCrum, award-winning journalist, and author, knows far too well and will share with IPC attendees. McCrum will share behind-the-scenes details from his book “Money Men: A Hot Startup, a Billion-dollar Fraud, a Fight for the Truth,” which details the rise and fall of the $30 billion German fintech Wirecard.
Additional sessions will address:
- Preventing the Financial Sextortion of Children, which will address the online sexual exploitation and financial extortion of children and will include panelists from the National Center for Mission and Exploited Children.
- Is BaaS – Banking Dead? will look at whether banks are still willing to work with fintech.
- Payments Research – How Small Biz Use Payments will present original research from small businesses that illustrates the payment solutions SMBs are using if they will do more with payments, and what is important about payment solutions to SMBs.
- How to Approach High-Risk Investigations, which will walk through PayPal's businesses and how they respond to various threats.
Finally, the conference also will feature government officials and regulators from the Consumer Financial Protection Agency, the Office of the Comptroller of the Currency, and the Chicago Federal Reserve. To learn more about the conference or to register, go to ipa.org/ipc.
The Innovative Payments Association (IPA) is the leading voice of the electronic payments sector, including prepaid products, mobile wallets, and person-to-person (P2P) technology for consumers, businesses, and governments at all levels. The IPA encourages the efficient use of electronic payments, cultivates financial inclusion through educating and empowering consumers, and represents the industry before legislative and regulatory bodies. To learn more about IPA, visit ipa.org or follow us on LinkedIn.