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.
Real-time banking is where the market has moved. The biggest risk for community banks is to do nothing in this space.
First thing first: the experience will not equal the channel.
On the latest episode of the ABA Banking Journal Podcast, Jeff Plagge — president and CEO of Northwest Financial Corp. in Arnolds Park, Iowa, and a former ABA chairman — discusses how a smaller community banking company like his, with $1.8 billion in assets, can make investments to stay on the technological cutting edge.
Did you ever wonder what it’s like to be a banker on the Last Frontier? On the latest episode of the ABA Newsbytes Podcast, co-hosts Evan Sparks and Shaun Kern interview Michael Martin, EVP, COO and general counsel of Northrim Bank, a community bank based in Anchorage, Alaska, with branches across the far-flung 49th state.
Bank leaders are constantly on the lookout for ways to increase their non-interest income, and one option is to switch debit card programs.
Just 13 percent of banks have a formalized payments strategy in place, according to a new survey released today at ABA’s inaugural Payments Forum in Washington, D.C.