Derek Bertolini

Almond FinTech

Becoming a Global Bank Locally

Thursday, December 1st | 11:10 am - 12:00 pm ET

​Session Description:

While cross-border payments increased substantially from 2011-2019, the number of active correspondent banks fell dramatically. With these payments becoming increasingly consolidated to the biggest players, there is an enormous opportunity to help traditional financial institutions (FIs) modernize the way they move money internationally. This is because these FIs are not just losing fees associated with international money movement; they are also losing clients and valued lifetime accounts to other FIs and fintechs that can help businesses move money internationally. Therefore, solving this problem can be of strategic importance to small and mid-size community banks.

Bio: After graduating from Connecticut College, Derek worked with financial institutions to onboard global software products to manage equities, commodities, regulatory compliance, and payments. He now helps facilitate US partnerships for the Almond FinTech network, which includes banks, credit unions, neobanks, remittance companies. Derek lives in New York, and loves all outdoor activities, including fly fishing.