Fontainebleau Miami Beach
4441 Collins Avenue
Miami Beach, FL 33140
Thursday, April 28, 2011
KEYNOTE SESSION: UNLOCKING THE FUTURE OF PAYMENTS IN THE GLOBAL DIGITAL ECONOMY
The evolution towards a digital, always connected world is creating disruptive macro forces that have meaningful implications for banks, financial institutions, and all stakeholders in the $900 billion global payments marketplace. Rapid convergence of digital connectivity, content management, social networking and personal devices are now evolving to include bank-grade financial transactions and payments. For billions of banked and un-banked people worldwide, this convergence provides entry to the global digital economy. Financial institutions are grappling with how to survive and capitalize on opportunities in this new world where the power is shifting to consumers and the unbanked are entering the formal banking economy. Today, many institutions have outsourced the transactional capability between themselves and consumers to other entities including banks, technology companies and branded network companies. At Citigroup, Paul Galant is leading a new business – Global Enterprise Payments – that is harnessing the opportunities emanating from these forces by developing comprehensive institution-to-consumer and consumer-to-institution payments solutions for the world’s largest global corporations, financial institutions, and governments.