Few banks’ contracts with technology service providers (TSPs) provide sufficient detail about the providers’ business continuity and incident response capabilities and duties, according to a report issued today by the FDIC’s independent inspector general.
Browsing: Core processing
When implementing new technology solutions, having a collaborative working relationship with your core provider is crucial.
The Texas Bankers Association today filed a request under the Freedom of Information Act with the Consumer Financial Protection Bureau seeking any information it received from three large core processors about bank overdraft data.
ABA yesterday said that the Consumer Financial Protection Bureau’s expansive authority to gather information under Section 1022 of the Dodd-Frank Act must be changed.