The Digital Sovereignty Alliance (DSA), a nonprofit organization focused on emerging technology policy and research, participated in Nacha's Payments Innovation Alliance Fall Meeting held October 14-16 at the InterContinental Chicago Magnificent Mile in Chicago, Illinois.
DSA Senior Policy Advisor Molly Woodman joined financial services and payments industry stakeholders to discuss emerging technologies, regulatory developments, and the evolution of domestic and global payment systems.
Next-Gen Currency Project
Woodman facilitated discussions on the Next-Gen Currency Project Team, a collaborative initiative co-led by Nacha and DSA. The project explores the global use of digital assets, including stablecoins and tokenized deposits, for money movement and developing tools to bridge digital assets with traditional payment systems.
The team's work includes tracking regulatory developments, identifying operational implications, and providing educational resources to the payments industry.
Industry Challenges and Solutions
Meeting participants examined practical challenges facing financial institutions as emerging technologies reshape payment systems. Discussion topics included expectations for agentic payments, multifactor authentication reliability, and emerging Know Your Agent (KYA) frameworks.
Participants emphasized the importance of industry collaboration in addressing operational uncertainties as regulatory frameworks continue to evolve.
"It's been encouraging to watch financial institutions brainstorm together on how to build some continuity in areas where regulation hasn't caught up yet," Woodman said.
DSA's involvement reflects its commitment to supporting informed policy discussions and collaboration across financial services and emerging technology sectors.
