How banks are using middleware to advance innovation
Legacy technology continues to hamper banks, but new middleware solutions can help banks onboard promising new technology without replacing their entire tech stacks.
Browsing: Innovation
Podcast: Top bank tech and innovation trends for 2023
What’s on the horizon for bank innovation and fintech in 2023? ABA’s Office of Innovation team explores top tech trends for the year ahead.
Retail banking tech spending trends reflect multiple challenges
Competitive pressures and increased customer expectations are leading drivers of technology investments.
Podcast: Fueling innovation through a venture strategy
Banks of all sizes access the innovation ecosystem through in-house development, fintech partnerships, acquisitions and venture investment. Huntington Bank does all four.
Fed’s Barr: Regulators look to balance fintech’s potential, innovation with appropriate regulation
Banks must understand the heightened liquidity risks they face from certain types of deposits from cryptoasset companies.
Podcast: How middleware can accelerate community bank innovation
Christian Ruppe co-founded a fintech firm when he was in college — and later he…
Podcast: A community bank CEO’s perspective on cloud migration, climate risk
Cloud migration was a big deal for banks before COVID, but it kicked into a higher gear than ever as the pandemic drove virtual banking, digital workflows and remote work across the industry.
FinCEN seeks feedback on plan to issue no-action letters
As part of its implementation of the Anti-Money Laundering Act of 2020, the Financial Crimes Enforcement Network on Friday sought public feedback on a new process for issuing no-action letters.
CFPB overhauls Office of Innovation to focus on ‘promoting competition’
The CFPB today announced that it will open a new Office of Competition and Innovation. This new office will replace the bureau’s existing Office of Innovation, which was established in 2018 and focused on allowing companies to apply for no-action letters and regulatory sandboxes in order to test specific innovative product offerings.
Chopra: CFPB to query core providers over costs, contracts, service
The CFPB is examining the effects of a concentrated core platform marketplace on consumers and banks, CFPB Director Rohit Chopra said today. Speaking to the bureau’s community bank and credit union advisory councils, Chopra said he is “concerned that the core services providers that small players rely on have too much power in the system.”