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.
The OCC is planning to unveil what Acting Comptroller Brian Brooks called “payments charter 1.0” as soon as this fall, Brooks said on the latest episode of the ABA Banking Journal Podcast.
Ten key factors to keep in mind next time you prepare to negotiate a core contract.
As part of ABA’s ongoing work to strengthen the relationship between banks and their core providers so banks can deliver the innovative products and services customers want and need, 21 core providers have signed onto the Principles for Strong Bank-Core Provider Relationships developed by the Core Platforms Committee.