|| 2019 CBA at the National Harbor

28.  CBA Live at the National Harbor

This is a consumer banking conference, but technology has dominated everything the bankers want to hear about and chat about.  Investing in technology has received 50% of the bankers' votes.

The core of the banking economics is the ability to borrow funds cheaply then lend it out with good risk management.
- good risk management, fighting fraud, fighting financial crime with unsupervised learning, AI while not disrupting the lives of the rest of the 99% of the good standing consumers.  The conference also calls for a deep reckoning of the social responsibilities of the banking institutions to fight organized crimes which have gotten very sophisticated in synthetic fraud and money laundering schemes
- good risk management, modernizing the multi-decade long regulations of community reinvestment act, consumer protections, the role of fintechs, the national banking charter.  Many agencies have set up an office of the innovations, warm hand-offs, outreach programs, and harmonizing the agency demands etc
- borrow funds cheaply, is really about being inclusive and making banking accessible to the banked, un-banked, smart pricing ... 1) invest in real time payment rails such as bill pay, reducing the dependence on the intermediaries 2) reinvent small-dollar lending 3)  deposit pricing segmentation, multi-product pricing, cracking the code