In his remarks at the American Bankers Association Annual Convention today, ABA President and CEO Rob Nichols issued a challenge to the industry’s leading core providers, calling on them “to empower banks with the modern, innovative tools they need to compete effectively in today’s marketplace.”
Responding to numerous banker concerns over their relationships with core providers, Nichols announced that ABA is forming a new strategic core review committee comprised of community bank stakeholders. “It is my sincere hope that the cores will work closely with this committee to help us identify ways to address this situation and work together toward a solution,” he told Convention attendees.
Nichols also highlighted the achievement of this year’s bipartisan banking bill, S. 2155, and thanked bankers for their advocacy efforts over the years. He added that “regardless of who is in charge of the House and Senate next year, we will continue to pursue commonsense reforms that promote economic growth, that encourage innovation while protecting customers, support the housing market and remove impediments to banks serving their customers and their clients.”