FedNow Risk Assessments: What You Should Know

Join us for an essential webinar that delves deep into the critical components of implementing and operating the FedNow® Service, focusing on risk assessments derived from the FedNow® Service Operating Procedures, Regulation J, and Operating Circular 8.

Thursday, August 1st, 2024
1:30 pm - 2:30 pm
Presented by Kevin Olsen
$299.00 or 1 Token

Includes: Live Access, 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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This comprehensive session will navigate through the complexities of real-time payment systems, spotlighting the strategies and frameworks necessary for identifying, analyzing, and mitigating risks.

Equip yourself with the knowledge to lead your organization confidently in the FedNow® era, ensuring your operations are not only efficient and compliant but also resilient against the diverse risks in the rapidly evolving payments landscape.

Don't miss this opportunity to solidify your understanding of the FedNow® Service, guided by the critical perspectives of the FedNow® Service Operating Procedures, Regulation J, and Operating Circular 8.

What You'll Learn

  • Insights from Key Documents: Explore detailed guidance from the FedNow® Service Operating Procedures, Regulation J, and Operating Circular 8, providing a solid foundation for your risk management strategies
  • Risk Identification and Prioritization: Learn to pinpoint and rank potential risks associated with technology, operations, and compliance within the real-time payment’s ecosystem
  • Mitigation and Compliance Strategies: Discover actionable strategies to mitigate identified risks, ensuring adherence to anti-money laundering (AML) standards, sanctions compliance, and more, as outlined in the critical regulatory documents
  • Operational Excellence: Unpack operational readiness essentials for sustaining efficiency and reliability in peak and unexpected transaction volumes, backed by insights from the FedNow® Service Operating Procedures
  • Security and Fraud Prevention: Gain expertise in implementing robust security protocols and fraud detection mechanisms vital for protecting the FedNow® Service against cyber threats

Who Should Attend

Risk Managers and Compliance Officers seeking to deepen their understanding of FedNow® risk assessments. Operations Executives and IT Professionals aiming to enhance system reliability and security. Payment Industry Consultants and Analysts looking for comprehensive insights into FedNow’s regulatory environment and risk management practices.

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.