Michael Versace is a Research Director at IDC Financial Insights, focusing on the Global Risk end-user and technology marketplace. The global risk advisory service covers retail banking, cash and treasury management, payment services, insurance, core corporate banking technologies, and capital markets. This service helps financial institutions make mission-critical decisions on their investments in a variety of risk technologies and advises providers of these technologies on strategies for success in the market. Mr. Versace contributes to the FinTech blogs in the IDC Financial Insights Community. Michael’s 25 year career in financial services has included extensive interactions with central bankers, financial services agencies, corporate and retail banks, investment firms, and the risk technology communities at both an enterprise and industry level. As a risk management practitioner, consultant, industry representative, and analyst, Mr. Versace has the background and experience to bridge a wide range of business and technology challenges facing today’s global risk managers and technology executives. Michael’s experience is drawn from the investment services and banking sectors through positions with Fidelity Investments, the Federal Reserve Banks, including a program of financial infrastructure innovation with the United States Treasury Department Financial Management Service, and BayBanks. At Fidelity investments, Michael was Director in the Corporate Risk Oversight office, responsible for driving improvements in internal and technology control and risk mitigation across institutional investment and brokerage, transfer agent, management, and strategic investment companies. At the Federal Reserve Banks, Michael was part of nationwide leadership team responsible for the design and launch of FEDNET and FedACH, the Federal Reserve Banks payments network and central clearing and settlement hub. While at the Fed, Michael also founded and directed the Emerging Payments System office, working with the United States Treasury, commercial banks, and technology companies to design and prototype Internet and electronic money systems and related risk management policies, rules, and standards.