St. Louis Fed to livestream presentation on fintechs’ impact on banking sector

by Wesley Brown (wesbrocomm@gmail.com) 243 views 

The St. Louis Federal Reserve will livestream a keynote presentation on Nov. 7 to discuss how technological innovations and fintech firms are reshaping banking, creating new opportunities, and posing new challenges for the industry.

The presentation, called “How Fintech is Transforming Banking,” will be led by Julie Stackhouse, executive vice president and officer in charge of supervision at the expansive Eighth District of the Federal Reserve that is composed of 339 counties in Missouri, Illinois, Indiana, Kentucky, Tennessee and Mississippi, and all of Arkansas.

This fintech presentation is part of the St. Louis Fed’s evening discussion series, called “Dialogue with the Fed: Beyond Today’s Financial Headlines.” According to Fed officials, many fintech firms—including marketplace lenders and digital wallet providers—have grown to rely on and partner with traditional banks. Banks themselves are adopting new technologies to satisfy consumer preferences for speed and convenience. During the presentation, Stackhouse will explore:

  • How new payment options made possible by financial technology are changing the way we handle transactions with friends, family and businesses.
  • How technology is changing small-business lending.
  • Ways in which artificial intelligence widens access to credit and enhances personalization of financial services.

A panel discussion and audience Q&A will follow Stackhouse’s presentation.

The event will be livestreamed at 6:30 p.m. and is open on a first-come, first-served basis. There is no cost to attend, but registration is required and will close Nov. 4 or as soon as all seats are filled. To learn more and register for the livestream event, click here.

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