solutions through unified effort

VBA Emerging bank leaders Events 

Register Now for 2018 Burgers with Bruce

Join Virginia Bankers Association President and CEO, Bruce Whitehurst, for a burger and a conversation about the latest industry updates and VBA news. A top industry speaker from one of six companies will present as well.

Please click here for a PDF registration form or to register online.  Please return registration forms to Melissa McLeod by email or fax at 804-495-8495.

Contact Chandler Owdom with questions at 804-819-4707.

All events will take place from 11:30 am - 1:30 pm. Events will take place in the following locations:

March 12 - Richmond (Glen Allen)
Virginia Bankers Association | 4490 Cox Road
Topic: Emerging Trends in Card Payments - From EMV and Tokenization to Digital Wallets and Beyond
CSI

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March 13 - Lynchburg
{RA} Bistro | 1344 Main Street
Topic: Fintechs in Small and Medium Business
Vantiv, Now Worldpay

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March 14 - Abingdon
Heartwood | One Heartwood Circle
Topic: Housing in Virginia - Why It Matters to You and How to Reach Millennial Home Buyers
Virginia Community Development Corporation and VHDA

Register Online

March 15 - Harrisonburg
Jimmy Madison’s | 121 South Main Street
Topic: Reaching Millennial Home Buyers
VHDA

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April 16 - Norfolk
80/20 Burger Bar | 123 West 21st Street
Topic: The Information Advantage in Banking
Sageworks

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April 17 - Fairfax
MainStreet Bank | 10089 Fairfax Boulevard
Topic: Conducting KYC of Third Parties - Best Practices for Conducting Due Diligence
Hunton & Williams LLP

Register Online

Additional Session Topics and Details

March 12 - Richmond (Glen Allen)
Topic: Emerging Trends in Card Payments - From EMV and Tokenization to Digital Wallets and Beyond
Sponsor/Presenter: CSI

Today’s world is fraught with fraud risks and huge dollar losses. While the industry is moving toward a more secure payment channel in EMV, that’s really only the start. We must still deal with the ecommerce channel and static card credentials from a risk perspective. In this session, we will discuss the transition to a more secure payment card ecosystem – from EMV to tokenization, digital wallets, and what the future of payments will evolve into over the next decade. It is imperative that all institutions understand the challenges currently faced in the financial technology world, and more importantly, where we are headed in the coming years.

March 13 - Lynchburg
Topic: Fintechs in Small and Medium Business
Sponsor/Presenter: Vantiv, Now Worldpay

The Fintech boom provides for pros and cons in the traditional FI business banking market. This presentation will outline why FIs have been worried about this infringement, but also spend time talking through why embracing the right partnerships could make all the difference. Small and medium business expectations are changing, they have more service and solution offerings than ever, which leads to their empowerment. This said, the right partnerships can lead to FIs taking advantage of the ecosystem.

March 14 - Abingdon
Topic: Housing in Virginia - Why It Matters to You and How to Reach Millennial Home Buyers
Sponsors/Presenters: Virginia Community Development Corporation and VHDA

Housing has a direct impact on the quality of life for everyone and our ability, as a community, to provide quality, affordable housing is a key pillar in the overall health of the community. The availability of good quality affordable housing for its employees is an economic factor that most companies consider when locating to a new community. In addition, housing has proven to have a lasting impact on a state’s economy through both the direct investment in the properties and the ancillary benefits that permeate the community and its members. A bank's willingness and ability to support such a key aspect of their community's infrastructure demonstrates that the bank is in tune with the community's needs and helps to further entrench the bank within the market. As the focus on community and social involvement sharpens, a bank that is willing to be a leader in this space has the opportunity to generate positive social and financial returns while developing new relationships and earning CRA credit. 

Additionally, millennials are beginning to show an interest in home ownership. Unfortunately, millennials may face many challenges in their quest to become homeowners - such as saving for a down payment. Learn how VHDA's Loan Combo can make homeownership affordable for millennials. The Loan Combo is an affordable VHDA mortgage, PLUS a down payment grant, PLUS an MCC homebuyer tax credit, PLUS their free homebuyer’s class! VHDA offers the only loans in Virginia with this combination of money-saving benefits.

March 15 - Harrisonburg
Topic: Reaching Millennial Home Buyers
Sponsor/Presenter: VHDA

Millennials are beginning to show an interest in home ownership. Unfortunately, millennials may face many challenges in their quest to become homeowners - such as saving for a down payment. Learn how VHDA's Loan Combo can make homeownership affordable for millennials. The Loan Combo is an affordable VHDA mortgage, PLUS a down payment grant, PLUS an MCC homebuyer tax credit, PLUS their free homebuyer’s class! VHDA offers the only loans in Virginia with this combination of money-saving benefits.

April 16 - Norfolk
Topic: The Information Advantage in Banking
Sponsor/Presenter: Sageworks

Join us as we visualize and discuss trends and insights using data from tens of millions of private-company financial statements, commercial, and consumer loans. See how a quantified approach can increase ROA, confirm or displace intuitions, and provide a defensible position for conversations with audit and supervisory stakeholders when internal information is inadequate or unreliable.

April 17 - Fairfax
Topic: Conducting KYC of Third Parties - Best Practices for Conducting Due Diligence
Sponsor/Presenter: Hunton & Williams LLP

Every financial institution must have a BSA/AML compliance program that includes a Customer Identification Program (CIP) based on Customer Due Diligence (CDD) investigations. Given that financial entities can vary greatly from each other in terms of types of transactions, customers, locations, scale, and business lines, the Know Your Customer (KYC) policies and procedures can vary as well. In general, CDD will include verifying the identity of customers, understanding the nature of the customer’s activities (e.g., source of funds), and ascertaining the monetary thresholds for required reporting and record retention. For a myriad of reasons, more financial institutions are outsourcing these requirements to third parties that carry with them their own sources of risk, including operational, compliance, reputational, strategic, and credit risks. Third parties now include most types of vendors, partners, and subcontractors. Due diligence in the course of establishing a relationship with a third party should include gathering information about the entity such as its experience and reputation (from independent sources), its history and performance, its risk management practices and insurance coverage, as well as other factors that might affect the risk it poses. The findings typically will be incorporated into a contractual relationship and monitored accordingly based on the level of risk. Bank regulators have increased their scrutiny over the years of these relationships and their expectations regarding the due diligence that should be performed.