To help bankers navigate the ever-growing presence of millennials — the generation of those aged roughly 16 to 35 — in the financial services marketplace, ABA today released a new infographic and launched a suite of resources for bankers.
While technology is reshaping the way Americans search for homes, most homebuyers still want to consult with mortgage and real estate professionals before buying, according to a survey released today by JPMorgan Chase.
Just 9.5 percent of all financial institutions offering mobile banking use fingerprint authentication, such as Apple’s Touch ID technology, for account access, according to figures released today by consulting firm Celent.
The federal banking agencies are preparing updates to the Community Reinvestment Act questions and answers to provide guidance on how alternative delivery methods for financial services, including those provided through financial technology platforms, Comptroller of the Currency Thomas Curry said today at a community reinvestment conference in Washington, D.C.
Several fintech companies—including one virtual currency firm—have made inquiries to the OCC about applying for national bank charters, American Banker reported this week, citing comments by OCC Chief Counsel Amy Friend at a recent fintech forum at George Washington University.
Banks are developing new branch models and faster payment platforms to stay ahead of customer choices.
Consolidation in the banking sector is set to accelerate.
From challenges to rural banks to the rise of millennials to regulatory pressure on growth areas—community bankers discuss the outlook for the industry.
If you’re considering the forces shaping the future of your bank and the banking industry—and you should be—keep an eye on the “digital disrupters.”