American Bankers Association President and CEO Rob Nichols today said that the rapid convergence of banking and technology is important and benefits consumers, but emphasized that “there should be some degree of levelness as it pertains to supervision and consumer protection,” for new market entrants offering bank-like services.
Banks report improvements in their core provider relationships—and feel better equipped to navigate the core marketplace.
Core conversions are hard in normal environments—how have bankers and core providers adapted to converting in a world of quarantine and work-from-home?
During opening remarks at ABA’s virtual Conference of Community Bankers today, ABA President and CEO Rob Nichols shared an update on the work of the association’s Core Platforms Committee, which was formed in 2018 to help improve the working relationships between banks and their core service providers.
The coronavirus crisis is (hopefully) a once-in-a-lifetime event, but the way banks respond and adapt to its challenges has the potential to forever change the way they do business.
Business conditions were most often called the single biggest challenge facing community banks, according to an annual survey released yesterday by the Conference of State Bank Supervisors.
Community and midsize banks aren’t one-size-fits-all, and neither are the strategies they can adopt for their core processing needs. Two community bank CIOs describe five strategies banks can pursue.
Five strategies for community and midsize banks weighing “what next?” for their core processing needs.
The Clearing House announced today that financial institutions holding 70% of demand deposit accounts now have access to real-time payments capabilities through their technology providers that have connected to the RTP Network.
When COVID-19 accelerated customer movement into mobile and online banking solutions, and triggered consumers to push their funds into bank accounts, banks that had made investments in the digital customer experience were positioned to capitalize.