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Recent News and Announcements



Announcing Philly AFP's Spring Learning Day 2019 


Join us for the first partial day treasury and finance Spring Learning Day 2019! You asked us for more sessions that earn you more continuing education credits and we planned a jam-packed event for Wednesday, April 24th, 2019 at the Science History Institute in Philadelphia. You'll learn from experts about Real Time Payments, Autonomous Learning, Blockchain, and Tax Reform.  


Click for session descriptions here.


Spring Learning Day 2019 will be held in the Ullyot Meeting Hall, Science History Institute in Philadelphia located at 315 Chestnut Street.


Enjoy discount pricing when you register for both conference events - the Spring Learning Day (April 24th) and the Fall Learning Day (November 21st)!!


It is anticipated that each Learning Day event will earn 4.8 credits.




Save My Seat!




December Meeting: Philly AFP Annual Holiday Luncheon

You don't want to miss Philly AFP's Annual Holiday Luncheon at Material Culture on December 12!

Join us for a spectacular luncheon created and prepared by award-winning chef, Aliza Green, then experience “Drum Like a Lady,” a musical accompaniment led by LaTriece Branson, who facilitates drum performances, jam sessions, lessons and workshops as a healing experience for women.

Aliza Green received the Les Dames d’Escoffier “Outstanding in Her Field” Award on September 23rd at the annual Philadelphia Heritage Farm Award Dinner at Bartram’s Garden.  Green was honored for her significant contributions to the Philadelphia food scene, and beyond, by helping to make the city a premier dining destination.  In 1988, The Philadelphia Inquirer inducted Green into its Culinary Hall of Fame for her uncompromising efforts at working with local farmers.  She is the James Beard award-winning author of 15 cookbooks. 

LaTreice V. Branson is an educator and the founder of “Drum Like a Lady”, a community group whose mission is to provide a safe space for women of all ages, backgrounds, beliefs, and lifestyles to express their uniqueness through collective drumming, dance, music education, and mental health advocacy, and to see the drum as a healing instrument, a community tool, and one of the most powerful and effective methods of non-verbal communication known to humanity.  “When attendees come to ‘Drum Like a Lady’ events, they can expect to experience new soundscapes, rooted in improvisation…that creates an atmosphere of celebration and love,” says LaTreice.

Don’t miss this delicious culinary event, followed by a musical experience like you’ve never had before!

Date:      December 12, 2018

Time:      11:30AM - 2:00PM

Place:     Material Culture

               4700 Wissahickon AVe

               Phila, PA 19144



November Meeting: "Blockchain"

Ernst & Young presents an in-depth discussion on the technology behind blockchain. To be held on Wednesday, November 14 from 11:30 am to 1:30 pm at JP Morgan, 1650 Market Street, Liberty Building, 47th Floor, Phila., PA.

Watch for updates soon!

SWIFT for Corporates: October 17, 2018

As corporate treasury's strategic role continues to evolve, there is mounting pressure to achieve greater operational efficiencies, while tackling regulatory and compliance requirements. New initiatives underway in the payment industry could simplify treasury processes, help mitigate fraud and improve straight-through processing. Learn how SWIFT and its member banks are providing support to corporates for payment and information security as well as speed, convenience and transparency of payment settlement. The discussion will also include a review of connectivity and messaging options, SWIFT gpi, and the 2020 strategic initiative.


Will Liu, SWIFT Regional Manager

Will Liu is a Regional Manager for SWIFT with diverse accounts covering multi-national banks to Corporates based on the East Coast. Will is currently dedicated to providing deeper education around SWIFT offerings and how it can provide greater cash management and payment initiation optimization while achieving both cost savings and standardization. 

Adrienne Terpak, VP, Corporate & Specialty Banking, TD Bank

Adrienne Terpak began her career as a corporate treasury practitioner and held senior management positions at Prudential Financial and Sharp Electronics Corporation. She joined TD Bank in 2013 and currently manages the Corporate and Specialty Banking (CSB) Segment for Treasury Management Services, directing the growth strategy for large Corporates, Corporate Real Estate, Asset-Based Lending and Dealer Commercial Services.

She holds an MBA in Finance from Seton Hall University and a B.S. in Spanish/Business Administration with Honors from The Pennsylvania State University. Adrienne has presented at the NACHA Payments Conference, CFO Treasury Management Summit, New York Cash Exchange and Philadelphia AFP on topics including corporate payment strategy, payment fraud & cyber security, SWIFT and treasury management system integration.

This meeting has been certified for 1.2 CTP credits.

Drink and Learn: September 12th - Five Saints Distilling Founder Talks about Entrepreneurship

*Life Can Be an Adventure If you let it be!"

John Robert George, founder of the Five Saints Distillery in Norristown, PA, shares his insights into how he came to start a distillery.

He covers how to establish and run a distillery from picking a location to creating unique products that give you a competitive advantage.

Part of the discussion will include:

  • Writing your business plan
  • Financing
  • Marketing, Advertising and Promotion
  • Labeling
  • And much more...

George also shares his personal insights related to managing risk, obstacles, fears, and the ups and downs of a start-up enterprise.


There will be a tour of the Five Saints Distillery and whiskey bar.

About John Robert George

John Robert George, RPh, MBA, distiller, and founder of Five Saints Distillery was originally from upstate New York and moved to Pennsylvania when he worked in the pharmaceutical industry.  

Over the course of 35 year career in the pharmaceutical business, he worked in sales, marketing (domestic and international), marketing research. He held positions in the Asia Pacific and Latin America. He also has extensive expertise in global competitive intelligence.  

George retired in 2016 to open and manage Five Saints Distilling and International Spirits LLC which just celebrated its second year anniversary. This is a story of real life learning and experience applied to business.

The meeting is FREE for members.  Non-members can attend for $35.

This meeting will earn 1.2 CTP credits.
Date:     September 12, 2018
Time:     3PM - 5PM
Place:    29 E Main St
             Norristown, PA 19401



August 27, 2018 - Webinar: End of the LIBOR and other IBORs Era

Philadelphia AFP is hosting a Webinar about the key transition challenges for the financial services industry surrounding transitioning away from IBOR on August 27th. Our presenter is Roy Choudhury, Ernst & Young financial services advisory principal, who will share his insights on this critical topic.

As head of E&Y's capital markets and financial services treasury and liquidity team, Choudhury is responsible for the go-to market strategy and service offerings to the largest sell-side sales and trading firms in the U.S. He also leads EY's Global Service Offering related to IBOR transition and is a member of the Alternate Reference Rate Group (ARRG), a sub-working group on client outreach and communication.

Choudhury has extensive experience in and involvement with the International Swaps Dealers Association (ISDA) and other trade associations that are conducting global surveys on IBOR footprint, transition challenges, and readiness for the transition.

The presentation covers: 

  • Interest rate benchmark reform, case for transition away from LIBOR
  • Alternate Reference Rate Committee (ARRC) - mandate
  • Overview of SOFR
  • Fallback language
  • Progress till date on transition
  • Publication of SOFR
  • SOFR derivatives
  • SOFR Issuances
  • Fallback language
  • Key transition challenges
  • Recommendations for transition readiness

Webinar details to follow. 



Email inquiries to: [email protected]


PAFP June Meeting: "The New U.S. Trading Hub for Chinese Renminbi: Opportunities for Corporations

By: Admin

Date: June 12

Time: 11:30 am-1:30 pm EDT

Location: PNC Bank, 1600 Market Street, Philadelphia, PA 19102

Speaker: Alison Fletcher, FX and Economics Market Specialist at Bloomberg, New York

The People’s Bank of China announced late last year that it had awarded the Bank of China New York Branch clearing bank status for the new U.S. Renminbi (RMB) Trading and Clearing Hub. The U.S. joins several other financial centers which have been awarded this status, including Hong Kong, London, Singapore, Australia and Germany. US Corporates can now enjoy the same potential cost savings as their European and Asian competitors whilst continuing to deal with their relationship banking group. By simply requesting their invoices be charged in RMB as opposed to the common practice of US Dollars (USD), it is estimated a corporate will see a 2-5% reduction in their costs. This, coupled with the increasing exposure that US Corporates have the world’s largest trading partner highlights the opportune time to adopt as part of your treasury policy. This session will demystify the process and examine the opportunities and steps to take advantage of the new U.S. RMB Trading and Clearing Hub.

To learn more, Register Here

Or, visit the Calendar page here.

Any Questions, please reach out to Education Director, Chuck Stanbach
's "A Spotlight on the 2018 Influencers of Finance Winners" Announced Today in Philadelphia 


April 25, 2018--Philadelphia, PA--Philadelphia Media Network, publishers of the Philadelphia Inquirer, Daily News, and, is announcing the winners of the 2018 Influencers of Finance today at Ballroom at the Ben in the following categories: Alternative Investment, Bankers, CFOs, CPA, and Wealth Managers.

Lynn Alfonsi, President of the Board of Philly AFP and Head of Channel Development at Vizant Technologies, served on the three-person panel of judges.

This is the first of five influencer programs (Finance, Law, Education, Healthcare, and Real Estate).

To nominate an industry leader for another program, visit:

For more, follow this link:

 2018 Influencers of Finance(2).pdf




April Meeting: "Optimizing Payments for Efficiency, Risk, and Incentives

By: Admin
Date: Thursday, April 12, 201811:30 AM - 1:30 PM EDT
M&T Bank
797 East Lancaster Avenue
Villanova, PA 19085
April, 2018--The rise in electronic payments is to be expected – payments are paper to electronic to virtual.  What are the benefits associated with electronic and virtual payments – a discussion of the total cost which extends across the entire payment cycle puts it into perspective.  Blockchain will be discussed relative to processing payment data.
  • Total cost of entire payment cycle is discussed
  • How to optimize the payment solution by factoring cost, efficiency, risk and incentives
  • New technology (blockchain) and its potential impact on the payments cycle

Speaker, Neal Herring, Treasury and Financial Operations Advisor at Vizant delivers value to clients in the form of cost reductions and operational efficiency.

He graduated from Penn State in 2013 with two degrees, a Bachelors in Finance and a Bachelors in Economics while playing Division 1 Baseball all 4 years. While at school, Neal participated in multiple Wounded Warrior events and worked with local charities to maintain historical houses.

 After school, he immediately began working at JPMorgan as a Financial Controller for EMEA Exotic products. Neal moved to Barclays in 2015 to manage their USD Intraday Liquidity. While there, using innovative and analytical strategies, he managed to reduce millions in costs to Barclays.

His unique background is defined as team oriented while being a valued individual contributor. Much of his success has come from challenging assumptions looking for opportunities of continuous improvement. Neal’s functional expertise resides in the areas of Financial Reconciliations, Liquidity/Cash Management and Treasury Operations.

Register Here

Go to Calendar for more here.

Any Questions, please reach out to Education Director, Chuck Stanbach


PRESS ANNOUNCEMENT: Philadelphia AFP Conference Announces 2018 Keynote Speakers

Philadelphia, PA (via PRUnderground) April 5, 2018--Philadelphia AFP (PAFP), a Delaware Valley area treasury and financial professional education organization, announces its full line-up of speakers for the 2018 Treasury Initiatives “Elevate Your Game” Conference which begins with a  pre-conference networking event on the evening of Monday, May 7th and runs through Tuesday, May 8th in Philadelphia, PA.

To access the full press announcement, click here.

Press and other inquiries about our Trea$ury Initiatives event, contact Claudia Logan, Media Chair.

March Meeting: B2B Payment Strategies: Current Landscape, Challenges and Trends

By: Admin

March, 2018--Emerging payment technologies, elevated fraud threats, new regulations and increased globalization are significantly impacting payment and working capital management for corporates.  This includes technology and service innovations required from the banks that serve them. Treasury and Finance professionals need to know what their peers are thinking (and where they plan to focus their attention and spend in the world of B2B payments) in order to effectively navigate current and future changes. 

Attend this session to gain insight into:

  • Preferred payment technologies and tactics

  • Perceived risks and benefits of emerging payment types

  • Ways that organizations address increased fraud threats

  • Chris Triconi:
    Chris Triconi is a B2B Payments Solutions Consultant for Paymode-X, the electronic business payment network from Bottomline Technologies. Chris brings 15 years of consultative selling and a keen understanding of complex payables to deliver comprehensive automation solutions to corporate and mid-size clients nationwide. His work with clients informs Paymode strategy, product development and product positioning. Prior to joining Bottomline, Chris worked at multinational organizations in sales, client services and delivery. 
  • Mary Pat Dolan:
    Mary Pat Dolan, Senior Director, Paymode-X Bank Channel Partner Program is a seven year veteran at Paymode-X and a reformed banker. She joined Paymode-X to lead the creation and execution of the Paymode-X bank channel partner program having spent her early career in retail banking ad treasury management. Her role allows her to build solutions with bank partners to meet their corporate client payables needs, utilizing both her B2B payments background and banking experience.
Professional Credit CTP:   1.20

Wednesday, March 14th

11:30AM - 1:30PM

575 E. Swedesford Rd
Wayne, PA 19087

There is no fee for members to attend this event. Non-members will be assessed a fee of $35.00.

To register for this event, click here.

You can download a copy of the presentation here.


February Webinar: Looking to the Future: Investment Insight in the new Economic, Tax and Fed Landscape

By: Admin

February, 2018--Now more than ever investors will be faced with changing market conditions that will impact overall investment opportunity. As the new look Fed continues their interest rate and balance sheet normalization, and as fiscal and tax policy continue to evolve, we examine the impact and opportunity for investors. Please join our experts as they highlight what to expect and how to navigate this changing environment.


  • Thomas Kolimago, CFA, Managing Director, is a member of the Cash Management team within BlackRock's Trading and Liquidity Strategies Group. He is Global Head of Credit and Investment Research. Mr. Kolimago is the chair of the Cash Management Policy Oversight Committee. He is also a member of the Credit, Cash Management Leadership, and Portfolio Management Leadership Committees. Prior to his current role, Mr. Kolimago led the portfolio management team responsible for prime, government, and US dollar-denominated offshore money market funds. Mr. Kolimago joined BlackRock in 1988 as a municipal bond analyst, and began managing liquidity portfolios in 1994. Mr. Kolimago earned a BS degree in financial management from St. Joseph's University in 1987 and an MBA from Villanova University in 1992, where he was the recipient of the "Excellence in the Study of Business at the Master Level" award.
  • Kevin Fitzgerald, Director, BlackRock Cash Management: Kevin Fitzgerald, Director, is a member of the Cash Management Team within BlackRock's Trading & Liquidity Strategies Group. He leads the Eastern Region Corporate Team, responsible for providing liquidity and fixed income investment solutions to US and multinational corporations, as well as other institutional investors. Mr. Fitzgerald's service with the firm dates back to 2000, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. At MLIM, he was a vice president with the MLIM Institutional Investment Services team, responsible for marketing MLIM's institutional capabilities to the Merrill Lynch channel. He joined MLIM in 2000. Mr. Fitzgerald earned a BA degree, cum laude, from Saint Anselm College in 2000

Professional Credit CTP:   1.20

Thursday, February 8th

Noon -1:00 pm

Dial-in instructions will be sent after you register for the event.

There is no fee for members to attend this event. Non-members will be assessed a fee of $20.


Kyriba's VP of Strategy Hosts PAFP Webinar on Fraud and Cybercrime

By: Admin

January 18, 2018--Today Bob Stark, VP-Strategy, Kyriba, hosted a well-attended webinar for PAFP members called, "Defend Your Payments from Fraud and Cybercrime."  The hour-long presentation, following by a Q+A, covered critical cyber security issues that corporations and financial institutions are facing such as fraud, hacking, and misappropriation of corporate funds.

Treasury professionals have a significant responsibility to protect financial data and corporate funds from unauthorized access and use. Stark shared his keen understanding of the ways that treasury technology can enable treasury teams to protect against fraud and cyber crime.  The presentation explored:

  • New password protection techniques to avoid spear phishing
  • Leveraging the cloud to increase data security
  • The need for real-time payment screening
  • How payment factories help prevent payment fraud
  • The role of external audit reports such as SSAE 16, SOC1, and SOC2

Stark is responsible for global product strategy and market development at Kyriba, a global leader in cloud treasury solutions and cash management technology for CFOs, Treasurers, and Financial Professionals. An 18-year veteran of Wall Street Systems, Thomson Reuters, and Selkirk Financial Technologies, he is a regular speaker at PAPF's annual treasury conferences and is an active member of the AFP.

To access the presentation, please go here.