Commercial Insights

Strengthening financial institution-corporate partnerships: Risk management ‘is everyone’s full-time job’

An effective payments strategy is about far more than moving money. It requires the right technology, strong controls, trusted industry guidance and a dedicated banker that understands a company's goals.

In the latest episode of Nacha's Payments SmartCast, "Strengthening Financial Institution-Corporate Partnerships: Risk Management ‘is Everyone’s Full-Time Job’," Greg Miles, executive vice president of Treasury Management Products and Services at Regions Bank, joins Nacha's Olivia Maciel to discuss how organizations can build payment operations that are efficient, secure and positioned for growth.

What are the key insights?

• How a successful payments strategy starts with a holistic approach, combining payment processes, risk management practices, banking relationships and long-term growth objectives
• How the right bank provides more than products, but rather strategic guidance, industry knowledge, education and ongoing support
• How risk management is everyone's responsibility, ranging from fraud prevention, security controls, and account validation to monitoring tools and regular review of payment activities
• How continuing education is a key competitive advantage, including staying up to date about Nacha Rules, payment innovations, fraud trends and industry developments
• How payments strategy should be continuously refined, including assessing operations, adapting to changing technologies and regulations, and collaborating with trusted partners to support long-term growth

View transcript

Treasury professionals, finance leaders and business owners alike can gain practical insights into building a stronger payments foundation while positioning their organizations to adapt to change and seize future opportunities.

Listen to the full podcast to explore these trends in more detail.

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