ABA offered feedback to the CFPB on a recent outline of proposals under consideration for a joint agency rulemaking to develop quality control standards for the use of computer models, known as automated valuation models.
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.”
For many compliance professionals, manual processes are not adequate to stay current.
Email, spreadsheets and manual searches slow down the loan process.
Facilitating greater collaboration between compliance and marketing teams does not have to be an arduous process.
Emerging technology will enable banks to test complicated transactions and locate problems in areas that are time-consuming to monitor manually.