Podcast: Top bank tech and innovation trends for 2023

ABA and Bank Policy Institute urged the National Institute for Standards and Technology to focus on developing voluntary and technology-neutral guidance for how businesses and other organizations can safely deploy agentic artificial intelligence. 

In coming months, the FDIC will seek to clarify that payment stablecoins are not eligible for FDIC pass-through insurance, end restrictions preventing nonbanks from purchasing failed banks, and pursue several changes to its supervision programs, agency Chairman Travis...

As the OCC crafts regulation to implement the Genius Act, it is seeking input from bankers and others on what form that regulation should take, Comptroller Jonathan Gould said at the ABA Washington Summit.

ABA joined three other banking associations in requesting that the OCC extend the public comment deadline for a proposed rule to implement payment stablecoin legislation, saying the potential ramifications for banks merited a deliberative approach.

ABA survey found strong consumer support for requiring nonbank fintech companies to follow the same rules as banks, and for protecting local lending from stablecoin risks.

At the Washington Summit, ABA President and CEO Rob Nichols emphasized three key issues where banker advocacy is needed, including closing a critical loophole in the Genius Act that threatens to divert bank deposits into digital asset wallets...