Michael Versace

Michael Versace

Michael Versace is a Global Research Director at IDC Financial Insights, responsible for the risk technology and infrastructure marketplaces worldwide.� He provides prospective on how leaders in the industry are leveraging third-platform technologies and strategies to better serve customers, develop new markets, meet business goals and compliance requirements, and transform business models through innovations in the consumer IT ecosystem, service provider, and enterprise technology marketplaces. ��Mr. Versace also serves as the Financial Services industry lead on the maturity and adoption of Big Data and Analytics technologies, and is� the co-sponsor of Security Insights, a specialized research practice dedicated to security strategies and solutions across IDC vertical markets.Mr. Versace brings background and experience to bridge a wide range of business and technology challenges facing today�s global risk managers and technology executives.� His 25 year career in financial services has included extensive interactions with central bankers, corporate and retail banks, investment firms, and the risk technology communities at both an enterprise and industry level.�Mr. Versace'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 lead by the United States Treasury Department Financial Management Service, and BayBanks.� At Fidelity investments, Michael was a Director in Corporate Risk Oversight office, responsible for various risk and control activities of the institutional investment and brokerage services, transfer agent, management fee operations, and for Fidelity strategic investment companies.�At the Federal Reserve Banks, Mr. Versace 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, he 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.As a management consultant for ZEFER, NEC Global Financial Services, and PwC (formally Coopers and Lybrand), Mr. Versace advised clients and led financial solutions design in a variety of risk disciplines, including cash and working capital management, B2B e-commerce, and cyber security.Mr. Versace holds a B.S. in Accounting and Finance from Bentley University, Waltham, Massachusetts, and is a certified information security professional (CISSP).� Through his career, he has held several level industry positions, including Managing Executive with the Financial Services Technology Consortium (�FSTC�), Chairman of ISO Technical Committee on Information Security for Financial Services, Board member of the Accredited Standards Committee X9, and Advisor to the NACHA Internet Council.� Mr. Versace is also a leading contributor member to IBM�s Information Governance Council.