How One Community Bank Is Reinventing CX for the Digital Age
From simplified 10-step online account openings, to value-added robo-advising, to “certified digital bankers,” OceanFirst Bank delivers a new community banking experience.
Browsing: Data security
ABA’s Benda Emphasizes Need for Collaboration on Cloud Security
Testifying before the House Financial Services Committee’s Task Force on Artificial Intelligence today, ABA SVP Paul Benda highlighted the ways banks are using cloud technology and urged greater collaboration to enhance cloud security and efficiency.
Rep. McHenry Calls for Hearing on Cybersecurity, Data Protection
In a letter to House Financial Services Committee Chairwoman Maxine Waters (D-Calif.) today, Ranking Member Patrick McHenry (R-N.C.) today called for a hearing on cybersecurity and data protection in the financial services sector in response to concerns raised by industry leaders and recent data breaches.
California Updates Its Privacy Policy
Analyzing the Gramm-Leach-Bliley exception in California’s new privacy law—and its implications for banks.
Trade Associations Weigh In on Changes to FTC’s Safeguards Rule
As the Federal Trading Commission considers making changes to its existing standards for safeguarding customer information, ABA last week joined two other industry groups in a comment letter urging the commission to harmonize the changes with existing data protection rules.
McWilliams: Bank-Made Small-Dollar Loans Critical for Financial Inclusion
The FDIC is actively looking for ways to enable banks to offer small-dollar loans, FDIC Chairman Jelena McWilliams said today at a Cato Institute event, drawing an important link between the availability of these products and financial inclusion.
Study: Consumers Increasingly Concerned with Data Security, Privacy
As consumers become increasingly concerned about privacy and data security, building trust with customers is paramount for successful companies, according to a new global survey from Verizon and Longitude.
Treasury’s Mnuchin Weighs In on Data Aggregation
During an FDIC conference in Arlington, Va., today, Treasury Secretary Steven Mnuchin offered his thoughts on consumers’ ability to share their financial data with third parties and data aggregators.
Podcast: Highlights from ABA’s 2019 Washington Summit
Tune in for Maxine Waters on cannabis banking and housing finance reform; Mike Crapo on housing finance reform and data security; Kevin Hassett on his 3% economic growth projection for 2019; and three Federal Reserve presidents on the role bankers play in Fed governance.
Crapo: Housing Finance, Data Security Top Senate Banking Agenda
Housing finance and data security will be top items on the Senate Banking Committee’s agenda in this Congress, committee Chairman Mike Crapo (R-Idaho) told attendees at ABA’s Washington Summit today.