SoCal AFP | Southern California Association for Financial Professionals

Strategic Planning

The following 5 Strategic Statements were developed to support SoCal AFP's Mission:
  • Membership: The Association should attract and retain financial professionals as members who have a base of business in Southern California. Members should be employed by businesses and institutions as practitioners or serve businesses and institutions as product or service providers. Individuals who provide products or services primarily to the consumer sector are not the target for membership in this Association.
  • Leadership: Identify and develop members to serve as leaders in various Association capacities.
  • Financial Management: The Association s financial resources are for the benefit of its members. The Association shall utilize sound financial practices and controls to ensure its on-going ability to deliver services to its membership.
  • Communications: The Association should add value for members through frequent two-way communications between members and the Association s leadership, and by enabling communications among members. The Association provides its members with information regarding educational and networking opportunities, government regulatory and legislative news, technology updates, and other finance-related matters.
  • Relationships with External Organizations: The Association should strive to develop relationships with other local, regional, and national organizations, and gain a reputation for knowledge and leadership in the treasury/finance field.
News Items
For NACHA's Same Day ACH, The Debit Debut
In payments, some rollouts come with fanfare. Apple comes to mind. Fitness watches are a recent entrant of pageantry.
For NACHA, there's a rollout of a different sort, with far-reaching impact on how, who and when consumers and enterprises see funds flow. No confabs here, or webcasts with smoke and mirrors and rock music. Think of it as a quiet sea change amid the financial landscape.

CLEARR And CHOICE On The Hill, But Not On Payments Regs
Lest you think the words above are incongruous, consider they're all connected by a spate of legislation looming large on Capitol Hill, with the potential to impact everything from banking firms to payday lenders to the Consumer Financial Protection Bureau (CFPB).

SWIFT Has 22 Global Banks Join Its Blockchain Proof Of Concept Initiative
SWIFT has announced news that 22 global banks recently joined its blockchain proof of concept (PoC) initiative, which is part of the company's global payments innovation (gpi) service aimed to "re-arm the correspondent banking system for a new age of technological disruption."

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