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WOLF & CO Events Indiana Bankers Association – Mega Conference

Indiana Bankers Association – Mega Conference



Date

October 11, 2021

Presenters

Michael D. Cohn, CPA, CISA, CGEIT

Principal

Richard C. Fay, CPA

Principal

Description

Location: Indiana Convention Center, Indianapolis, IN

Mike Cohn will be speaking on the topic Managing Climate Change Risk within the ERM Program on Tuesday, October 12.

Climate change is a global threat to every person and every organization. Organizations in every industry will develop different tactics for transitioning to lower carbon economies—and although these transitions may bring heightened risk, failing to adapt prompts even greater risk. Financial institutions occupy a pivotal place in our society as employers and providers of capital to all other industries. Climate change risk could come in the form of:

• Extreme natural disasters
• Agricultural shifts and disruptions
• Widespread disruption throughout the value-chain of carbon-based companies
• Volatility of investments in the new energy industry

To reduce the risk of the negative effects associated with these possibilities, banks and credit unions must evaluate an enterprise-wide risk assessment for present threats and vulnerabilities. During this session, we’ll detail how to identify these risks and locate opportunities for mitigation. From creation to adoption, we’ll discuss what you should do first to get these initiatives running and how to delegate responsibility to team members for proper organization. We’ll also show how you can present these findings to your board, leadership team, employees, and customers to ensure proper procedural implementation.

Rich Fay will be speaking on the topic Future of Fintech: Driving Bank Innovation on Tuesday, October 12.

For years, fintechs and banks have maintained a strict pattern of competition—battling for similar audiences and clients. But things are changing. Financial institutions and fintechs have begun to realize the advantages of partnerships, leading to groundbreaking transactions and revolutionary innovations. During this session, we’ll discuss the benefits of fintech-bank partnerships, strategies for successfully entering into these relationships, and how banks can implement fintech. You’ll also get an inside look at what banks are looking for in potential fintech partners, and how fintechs can become more attractive to banks.

You’ll learn:
• How fintechs can increase their chance for bank investment
• Recent trends and companies pioneering this movement
• Specific ways fintechs and financial institutions can complement each other

 

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