The FDIC is pivoting to focus on innovation and simplicity in supervision, FDIC Chairman Jelena McWilliams told attendees at ABA’s Annual Convention in New York today.
As more consumers seek to use various nonbank fintech solutions that depend on bank-based data, the Financial Services Information Sharing and Analysis Center today launched Financial Data Exchange, or FDX, an organization that will facilitate the secure sharing of customers’ data.
Six digital capabilities that can grow banks’ share of the small business lending market.
Two-thirds of consumers who use nonbank fintech apps are extremely concerned or very concerned about data privacy, according to a recent survey conducted for the Clearing House.
ABA GRC Chairman Jeffrey Ball brings a broad, practical perspective to advocacy.
Consumers need better information about what happens when they share bank account credentials with third-party financial aggregators, Federal Reserve Governor Lael Brainard said today at a fintech conference.
As bank regulators consider internationally coordinated activity to address challenges posed by fintech, ABA said yesterday that a global regulatory framework is not well-suited to oversee fintech beyond the areas where robust coordination already exists, such as cybersecurity, payments and illicit finance.
With banks engaged in advanced technological innovation and fintech firms pursuing a wide variety of strategic paths, ABA President and CEO Rob Nichols today laid out his views on competition in the financial industry in a speech at a fintech conference hosted by the Federal Reserve Bank of Philadelphia.