“Banks have long supported consumers accessing their own data, but believe it should be done in a safe and sound way that provides them with control,” says ABA VP Ryan Miller. With respect to Section 1033 of the Dodd-Frank Act, the CFPB “has attempted to put that into place here.”
Banks can use low-code no-code tools to drive innovation and customize and automate workflows even if they don’t have staff with highly technical coding experience.
Legacy technology continues to hamper banks, but new middleware solutions can help banks onboard promising new technology without replacing their entire tech stacks.
Five years after ABA’s Core Platforms Committee kicked off its work, there have been dramatic changes in the financial services technology marketplace.
What’s on the horizon for bank innovation and fintech in 2023? ABA’s Office of Innovation team explores top tech trends for the year ahead.
Adopters of open banking can more effectively harden their security stance against future attacks, protect their data and customers with a holistic approach to API.
APIs: Enabling the Hybrid Banking Experience to Boost Customer Acquisition and Upgrade Internal Efficiency
“They give you the ability to enter different markets or partner with different companies, providing a funnel for new customers.”
Establishing a significantly higher standard for ongoing cybersecurity and resilience in the face of what are now persistent attacks.
As corporate treasurers pivot in response to the coronavirus pandemic, nearly half of them on net are planning to diversify their debt and capital structures, according to a new survey released today from TD Bank and Strategic Treasurer.
Consolidation over the last several decades has led to disparate sources of raw data locked up in legacy systems and proprietary formats.