FinCEN Exploring Creation of Regulatory Sandboxes
The Financial Crimes Enforcement Network is exploring the creation of regulatory sandboxes to test new methods of transaction monitoring, FinCEN...
Technology
Bank Tech Trends for 2022
Banks that embrace innovation and harness the power of data and new technology—while remaining focused on customer service basics—will be...
U.S. Banks Form Consortium to Support Bank-Minted Stablecoin
Five FDIC-insured banks today announced the launch of the USDF Consortium, a group that was formed with the goal of...
Powell: Fed Will ‘Make Progress’ on Master Accounts for Nonbanks
Federal Reserve Chairman Jerome Powell told members of the Senate Banking Committee today that there are “good arguments” for granting...
FDIC, FinCEN Announces Tech Sprint Focused on Digital Identity Proofing
The FDIC and the Financial Crimes Enforcement Network today announced a “tech sprint” to develop solutions for banks and regulators...
Podcast: The Community Bank Digital Transformation Roadmap for 2022
What's on the community bank roadmap for digital process improvement in 2022? On the latest episode of the ABA Banking...
The Right Way to Develop Lasting Partnerships with Fintech Firms
Focus on the products and services you do best and look for opportunities to leverage technology to enhance customer experience.
ABA Statement on Stablecoins Emphasizes Need for Consumer Protection
Customers accessing digital-asset markets, including stablecoins, are best served when they can do so through fully regulated banks, ABA tells...
Cyber Risk Institute Updates Cybersecurity Profile
The Cyber Risk Institute—a coalition of financial institutions and trade associations including the American Bankers Association—has updated its Financial Services...
ABA Data Bank: Chip Delivery Lead Time Increases in November
The delivery time for chips increased by four days to about 22.3 weeks, according to research from Susquehanna Financial Group,...
