Live Oak Bank’s Chip Mahan is looking to a banking future that’s rooted in personal touch and technological efficiency.
Browsing: Core processing
A Wall Street Journal article today examined the challenges that many community banks face when working with their core processors to implement new technologies and remain competitive with larger institutions and highlighted ABA’s efforts to help banks innovate more quickly.
Kristie Holoch’s bank is not just in the business of serving farmers, families and small businesses in the 33 Nebraska towns where it has branches — it also serves its fellow Nebraska community banks.
The FDIC issued a letter to all banks today outlining gaps that some examiners had noted in banks’ contracts with technology vendors and reiterating regulatory requirements for these contracts.
As community bankers face increasing pressures to deliver a truly awesome digital customer experience, many report feeling constrained in choice, speed and agility by core processors. On the latest episode of the ABA Banking Journal Podcast, guests discuss how the next generation of core banking technology is evolving.
What will the future of core banking look like? Cloud-native, consumption-based, and open via APIs would be a good place to start.
The American Bankers Association today announced that it has made a direct investment in Finxact, an emerging technology company that offers an innovative, open core banking platform for financial institutions
“Innovation doesn’t have to be in technology,” says Julieann Thurlow. “Innovation can be rethinking about a problem and really thinking about what consumers want and where the need is.”
In his remarks this morning at the American Bankers Association Annual Convention today, ABA President and CEO Rob Nichols issued a challenge to the industry’s leading core providers, calling on them “to empower banks with the modern, innovative tools they need to compete effectively in today’s marketplace.”
On the season two premiere of the ABA Banking Journal podcast, banking legend James “Chip” Mahan provides his wide-ranging outlook on bank technology, small business lending and the customer experience.