National Bankers Association Holds Its 95th Anniversary Conference

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     National Bankers Association Holds Its 95th Anniversary Conference

Introduces Next Generation and Innovation Councils

 

With the swearing-in of its slate of board directors, the National Bankers Association (NBA) convened its 95th Anniversary Conference in Washington, D.C. Over the two-day conference, nearly 200 NBA Minority Depository Institution (MDI) members, guests, and strategic partners joined NBA leadership to engage in discussions around this year’s theme, “Honoring the Past, Shaping the Future: MDIs & the Road to Wealth Creation.”  “For the first time in three years, NBA members and partners gathered in person to review the transformational changes in our industry and celebrate a 36 percent increase in MDI assets,” said Nicole Elam, president and CEO of the National Bankers Association. “There was a deep sense of enthusiasm and urgency to use the conference to exchange insights that will help us guide our industry forward.”

During the conference, the NBA announced two new councils. The Next Generation Advisory Council will focus on increasing the number of millennials using minority-owned and minority-operated banks while providing insight into ways to improve technology to meet the needs of their evolving customer base. The Innovation Council will identify and assess partnerships and technology solutions to help member banks survive and thrive in an era of digital disruption. “Technology is the key to meeting communities where they are and giving them significant access to capital. The NBA Innovation Council encourages allies to assist with acquiring, deploying, and maintaining updated technology solutions that will keep MDIs competitive and relevant,” said Everett K. Sands, founder and CEO of Lendistry, a CDFI and small business fintech lender combining the speed and equitable access of technology, the guidance of responsible lending, and the investment capital of social impactors and national banks.

Members of the NBA Innovation Council include the Alliance for Innovative Regulation, Finastra, Ideanomics, and Lendistry. Others invited to join the Council include NBA Strategic Partners Visa, Upstart, Blend, and Promontory MortgagePath. The Council is a critical initiative of the NBA to accelerate member participation in the next generation of retail banking and efforts to close the racial wealth gap. All of them spoke about the NBA’s 95 years of strength and resiliency through domestic and global economic challenges and the critical role MDIs play in the communities they serve. Guests engaged in discussions about the state of the banking industry, public policy, U.S. finance, and fintech. They also participated in two tracks of breakout sessions – Operations and New Opportunities and Fintechs and Innovation – where they covered subjects including leveraging Community Development Financial Institution (CDFI) nonprofit affiliates, automated lending, fintech due diligence, and climate finance.

The conference featured noteworthy industry and government executives, including Acting Chairman of the FDIC Martin Gruenberg, Acting Comptroller of the Office of the Comptroller of the Currency Michael Hsu, Federal Reserve Board Governor Lisa D. Cook, Deputy Secretary of the U.S. Treasury Wally Adeyemo, and U.S. Department of Transportation Secretary Pete Buttigieg. Frank Bisignano, president and CEO of Fiserv, spoke about the future of retail banking in the context of the highly competitive and volatile fintech market. CDFI Fund Director Jodie Harris updated guests on several initiatives, including a Treasury Department Community Development Financial Institution (CDFI) Bond Guarantee Program totaling $355 million. Linda Kirkpatrick, president of Mastercard North America, addressed the importance of DEI (Diversity, Equity, and Inclusion) in the industry and the future of finance. Robinhood Chief Creative Officer and Co-Founder Baiju Bhatt shared his perspectives on the importance of customer engagement, reaching the next generation of customers, and active financial literacy programs to help consumers manage and protect their financial assets.

A panel of four core providers moderated by Industrial Bank CEO Doyle Mitchell included Dudley White, head of Core Banking and Integrated Solutions at Fiserv, John Durrant, president of Banking Solutions at FIS, and Stacey Zengel, senior vice president and president of Bank Solutions at Jack Henry & Associates, Inc., served as the closing session for the event.

For more information about the NBA, visit NationalBankers.org.

                                                                                                                                                                                            

Airen Washington, Director of Communications

National Bankers Association (NBA)

awashington@nationalbankers.org

press@nationalbankers.org

(202) 615-0701

 

Victoria Holmes, Principal

Managing Principal

Semloh Strategies

press@nationalbankers.org

 

PR WIRE

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