Banking symposium explores the use of technology in the post-COVID market


The 20th Annual UM Banking and Finance Symposium kicked off with Rebeca Romero Rainey, President and CEO of Independent Community Bankers of America, leading the first Women in Finance Breakfast. Photo by Kevin Bain / Ole Miss Digital Imaging Services

OXFORD, Mississippi – Officials from regional banks and other companies in the financial industry explored the impact of technology on the banking and financial industry, particularly in the aftermath of COVID, at the 20th Annual Symposium on Banking and Finance. finance from the University of Mississippi.

The annual conference, held on November 12 at the Oxford Conference Center, was open to Ole Miss students, alumni, financial professionals and business leaders. The event was co-hosted by Ken Cyree, Dean of the UM School of Business Administration, and Stan Viner, Chairman of the Banking and Financial Advisory Board, and brought together numerous speakers and panelists throughout the day.

“The 20th Banking and Finance Symposium continued the tradition of an excellent educational event with outstanding industry leaders speaking to an audience of finance professionals and students,” said Cyree. “Many friendships were renewed and an exceptional mood on the part of the participants and everyone involved.

“It was a wonderful day and helped us continue the tremendous momentum we have seen in the banking program here at Ole Miss.”

The event kicked off with Rebeca Romero Rainey, President and CEO of Independent Community Bankers of America, leading the inaugural “Women in Finance” Breakfast, where she discussed the importance of taking action on the opportunities or gaps observed in the industry.

Rainey emphasized that community banking services depend on community engagement and success. She also developed the idea of ​​digitization and said that “the demonstration of resilience is the reason why I am so optimistic about the future of the bank”.

Scott Anderson, Head of Investment Banking and Managing Director of KBW, then joined Rainey to discuss the impact of digitization on the industry. Anderson used numerous charts to show the short, medium and long term effects this industry is experiencing while discussing the future of the bank.

Jill Castilla, President and CEO of Citizens Bank of Edmond, examined the impact of small community banks and highlighted how she uses social media to optimize search engines for her business.

Bankers must adapt to changing technology while “implementing storytelling for the personal benefit of their clients,” she said.

In the afternoon, two industry panels were chaired by Viner and Carl Chaney, Chairman of Beach Bank.

The first sign, “What’s next? Moderated by Viner and moderated by Scott Mills, President of the William Mills Agency, discussed the importance of FinTech and its advances over the past decade.

The other looked at “M&A Trends in 2022 and Beyond,” hosted by Chaney and moderated by Paul Davis, director of market intelligence at Strategic Resource Management, who discussed the effects of COVID-19 on business and industry as well as the need for strategic partnerships.

“Technology for business was once a commodity,” said Mitch Waycaster, President and CEO of Renasant Bank. “When COVID hit, this convenience became a necessity, and now that necessity has become a preference for our consumers. “

The two panelists, Waycaster and Beach Bank CEO Chip Reeves, credited regional banks for stepping up their efforts during COVID with stimulus checks and providing support to the community during a difficult time.

“This year’s event set new heights in terms of attendance, sponsorship and overall energy level,” Viner concluded. “We now have a 20-year history of hosting the Ole Miss Banking Symposium.

“This energy was the result of many factors, including the quality and diversity of our speakers / panelists and the huge success of our first ‘Women in Finance’ breakfast.

Source link


Comments are closed.