It is unclear whether nonbank financial technology firms have fully captured the risks of economic downturns and cybersecurity breaches into their business model, Federal Reserve Bank of Boston President Eric Rosengren said in a speech today.
ABA today applauded the OCC for its white paper outlining principles for how the agency will support innovation in the financial system.
Mobile banking use continued to grow in 2015, according to a survey released today by the Federal Reserve.
For many community bankers, outsourcing of back-office functions is a critical strategic tool that doesn’t compromise the customer experience.
Six months after the EMV card fraud liability shift, more than four in 10 retailers have not updated terminals in any of their stores, and an additional quarter of retailers have completed updates of less than half of their terminals, according to a survey by the website CardHub.
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.