Rob Nichols is the president and CEO of the American Bankers Association, which represents banks of all sizes and charters and is the voice for the nation’s $20 trillion banking industry.
To encourage bank-driven innovation and connect banks with innovating entrepreneurs to tackle banking’s toughest problems, ABA will invest in Canapi Ventures’ second fund and serve as a critical link between Canapi and the nation’s community banks.
As more customers engage with cryptocurrency, they are increasingly looking to banks to help them safely hold these assets. Banks are responding to this new customer demand.
The trend of credit unions buying taxpaying community banks is back—and credit unions are becoming more aggressive than ever in their pursuit of acquisition targets.
The banking industry can be proud of how it stepped up—virtually overnight—to keep society moving in the face of perilous uncertainty.