Podcast: The Year Ahead in Banker Advocacy
On the latest episode of the ABA Banking Journal Podcast, ABA Government Relations Council Chair Jim Rieniets outlines policy areas where ABA will focus in 2021.
Browsing: Technology
OCC Approves Conversion of Anchorage Digital Bank
The OCC today granted conditional approval for the conversion of the South Dakota-chartered Anchorage Trust Company to become Anchorage Digital Bank.
ABA, NCRC: Fintech Firms with Bank Charters Should Be Subject to CRA
In an American banker op-ed today, ABA President and CEO Rob Nichols and National Community Reinvestment Coalition CEO Jesse Van Tol expressed opposition to moves by the OCC to grant banking charters to fintech firms that would allow them access to the banking system while circumventing many of the rules and regulations that banks are required to adhere to, such as the Community Reinvestment Act regulations.
BAFT Publishes Updated Guide for New Financial Assets on Distributed Ledger Technology
BAFT, ABA’s global transaction banking subsidiary, today announced the publication of two updated best practices guides on the Distributed Ledger Payment Commitment, a global standard for payment commitment that can be used on any blockchain network and can operate across networks.
How Digital Experience Platforms Are Transforming Financial Institutions
DXPs provide a proven path to consistent, relevant messaging to consumers that also positively impacts the bottom line.
Brainard: Agencies Weighing RFI on Artificial Intelligence
In remarks at a virtual event hosted by the Federal Reserve today, Fed Governor Lael Brainard said that the federal banking agencies are in the process of drafting request for information on the risk management of artificial intelligence applications in financial services as they consider “whether additional supervisory clarity is needed to facilitate responsible adoption of AI.”
Now is the Time to Reinvent Wealth Management
Harnessing a multichannel approach will champion your bank’s purpose and vision to benefit your clients, your advisers and the world.
Competing Pressures: The 2021 M&A Outlook
The crystal ball for 2021 might be statistically clear, but looking behind the numbers reveals competing pressures for and against continued industry consolidation.
OCC Greenlights Use of Stablecoins for Payments Activities
In an interpretive letter yesterday, the OCC verified that national banks and federal savings associations may use independent node verification networks, or INVNs, and stablecoins, to engage in and facilitate payment activities.
Top Bank Risks for 2021
A global pandemic, a struggling economy and a new administration throw wrenches into risk managers plans for the year ahead.