Federal Agencies Release Ransomware Resources
Several federal agencies today released two new resources developed to inform senior executives at critical infrastructure entities of the threat of ransomware.
Browsing: Technology
ABA, Groups Call for Revisions to FDIC Deposit Recordkeeping Proposal
In a joint letter with three other financial trade associations today, ABA responded to an FDIC proposal that would require banks with more than 2 million deposit accounts to collect extensive depositor information and develop systems that would allow the FDIC to close the bank and use the bank’s system to make deposit insurance determinations.
Exceeding Customer Expectations Starts at the Core
When implementing new technology solutions, having a collaborative working relationship with your core provider is crucial.
Platforms and Partners
Three approaches for banks working with marketplace lenders to enhance loan offerings.
Curry: OCC Committed to Responsible Innovation
Comptroller of the Currency Thomas Curry reaffirmed his agency’s commitment to promoting responsible innovation within the financial industry in a speech at the OCC’s Responsible Innovation Forum today in Washington.
Nichols: Bankers Optimistic about Future with Fintech, Millennials
Changes associated with new financial technology and generational transitions are an exciting opportunity for banks, ABA President and CEO Rob Nichols said in an American Banker op-ed today.
FSOC Highlights Risks of Blockchain, Marketplace Lending
In its annual report and during its public session yesterday, the Financial Stability Oversight Council trained scrutiny on the potential risks posed by the growing use of new financial products and delivery mechanisms, including marketplace lending and distributed ledger or blockchain technology.
ABA Endorses Rippleshot for Card Breach Detection Tool
ABA — through its Corporation for American Banking subsidiary — announced today that it has endorsed Rippleshot’s automated card compromise detection platform.
B of A Survey: Mobile Banking’s Popularity Continues to Rise
Nearly two-thirds — 62 percent — of respondents to a recent Bank of America survey say they prefer to use mobile or online banking the most over other banking methods, up from 51 percent in 2015.
OCC Examining Possibility of Limited-Purpose Fintech Charter
Comptroller of the Currency Thomas Curry said today that the OCC is examining its legal authority to offer a limited-purpose charter for fintech firms, similar to those granted to trust companies without deposit insurance and to credit card banks, American Banker reported today.