Family-owned businesses, especially those crossing the mark of $10 million in annual revenue, often have unique banking needs. They have the freedom to make long-term investments, but they also face challenges associated with funding for growth, complex family dynamics and the need to manage liquidity events for family members.
Julieann Thurlow, ABA’s 2023-24 chair, unites financial inclusion and financial innovation.
Speaking to ABA’s Core Platforms Committee Monday, FIS President and CEO Stephanie Ferris announced that the Jacksonville, Florida-based core provider has signed on to ABA’s Principles for Strong Bank-Core Provider Relationships.
Nearly 72 million Americans were covered by health savings accounts at the end of 2022, an increase of 6.5% from the year before, and HSAs are used across the income spectrum, with 75% of accountholders living in a zip code with a median household income of less than $100,000.
In today’s environment of elevated interest rates and a tech sector market correction, how is the banking-as-a-service landscape shaking out?
Some bankers would rather get a root canal than do a core conversion. Here’s why others are finding the conversion option attractive.
Many banks focus on adopting the latest data platform or pushing a leading-edge application feature—without building the culture to sustain seamless, end-to-end value creation.
After years of being “FedSoon,” the Federal Reserve’s instant payment network FedNow is preparing to go live this summer. What do banks need to know in the final months before launch?
Legacy technology continues to hamper banks, but new middleware solutions can help banks onboard promising new technology without replacing their entire tech stacks.
Fewer than half of banks said they were satisfied with their core provider, but fewer still said they were likely to switch providers when their contracts come up for renewal, according to a new ABA survey.