November 2023 Meeting

PROGRAM DETAILS:

Session 1: “Cyber Payments - Fraud and Risk”

The only constant in fraud security is change. The magnitude of the threat is growing and increasingly digital, while criminals’ tactics continue to evolve. Outsmarting fraudsters and protecting your business requires a new way to think about fraud: An integrated approach that involves everyone in the organization, layers of fraud security, and technology-based tools. This session will discuss the latest in fraud trends, along with essential strategies and best practices that organizations can implement to help protect themselves from fraud.

Speaker: Anil G. Khilnani, Vice President, Fraud Education, Wells Fargo

Anil Khilnani is a Vice President with Wells Fargo’s Fraud Prevention Office team. The Fraud Prevention Office provides a comprehensive program surrounding online channels and digital payments to help our Commercial Banking and Corporate & Investment Banking customers identify and prevent fraud. Anil manages the team’s education and awareness program, which encompasses customer and internal fraud training, communications, and education materials. He has over 28 years of experience in the financial services industry, including 22 years with Wells Fargo. His tenure with the bank has spanned investment management, Treasury Management Product, and the Customer Advisory Council. Anil graduated from Eastern Michigan University with a bachelor’s degree in International Business. He lives in Mountain View, California.

12:50PM- 1:00PM – Break

Session 2: “The FedNow Service – Live and in Production”

Announced in 2019, the FedNow service is live and in production effective July. Prior research, repeated requests from comment, and socialization with consumers, businesses and depository institutions indicate demand and the value propositions are strong. Progressive thinking organizations are currently exploring use cases in which irrevocable, credit push-only transactions settling in seconds can add value to their organization. Disbursements such as payroll, supplier payments, and other distributions are initially attractive as consumers and businesses making payments to one another. Join the call, hear from the Federal Reserve directly about FedNow functionality, and ask questions how your organization can evaluate and take the next steps.

Speaker: Tim Boike, Vice President, Industry Relations, Federal Reserve Financial Services

Tim Boike is Vice President of Industry Relations with Federal Reserve Financial Services (FRFS). Boike and his team oversee key FRFS relationships and strategic engagement initiatives with the fintech sector, federal trade groups, payment facilitators, and large end users.

Prior to joining the Federal Reserve in 2018, Boike spent 26 years in the private sector of financial services with several large financial institutions. During that time, Boike led teams with functional responsibilities in strategy planning, analytics, partnership & business development, industry relations, and deposit fraud investigations.

CPE, CAE, CTP, FP&A CREDIT INFORMATION

Course attendance recommended for 1 CPE, CAE, CTP and FP&A credit per 50 minutes.

Delivery Method: Group-live

Program Level: Intermediate

Prerequisites: No Prerequisites Required

Advanced Preparation: No Advanced Preparation Required

Please note: Greater Washington Association of Financial Professionals is no longer registered with the National Association of State Boards of Accountancy (NASBA). State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Questions regarding CPE may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Nashville, TN37219-2417. Website: www.nasba.org.

CANCELLATION AND REFUND POLICIES

Sessions generally will be cancelled only for inclement weather. If the U.S. Government closes due to severe weather, the session will be cancelled. Every effort will be made to notify registered participants of the cancellation by email. In the event of advance payments, participants may request funds be applied to the next upcoming meeting provided 48 hours of notification are given.

Complaints should be directed to the Education Committee at education@gwafp.org; if resolution cannot be achieved at this level, the complaint will be reviewed by the Executive Committee.

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For more information:

Email: contactus@gwafp.org