Change is the only constant and banks’ processes must be fine-tuned to detect all that happens in a rapidly-transforming regulatory environment.
Browsing: Open banking
Open banking promises to give consumers more control over their financial data than ever before, but with that control comes heightened liquidity risk for banks and the potential for prejudiced results, Acting Comptroller of the Currency Michael Hsu said.
The National Institute of Standards and Technology recently posed additional questions to ABA and other commenters in a follow-up to its draft 2022 report on cybersecurity considerations for open banking technology and emerging standards.
Five years after ABA’s Core Platforms Committee kicked off its work, there have been dramatic changes in the financial services technology marketplace.
Adopters of open banking can more effectively harden their security stance against future attacks, protect their data and customers with a holistic approach to API.
Under pressure from Republican lawmakers to define what he meant by “junk fees”—a term coined by the bureau as part of a media campaign—CFPB Director Rohit Chopra would not offer any formal definition.
Ten key factors to keep in mind next time you prepare to negotiate a core contract.
Highlighting consumer demand for seamless digital delivery of financial services, FDIC Chairman Jelena McWilliams today emphasized the role of core banking technology companies in facilitating digital transformation.
ABA has joined the Financial Data Exchange, the exchange announced today.
As community bankers face increasing pressures to deliver a truly awesome digital customer experience, many report feeling constrained in choice, speed and agility by core processors. On the latest episode of the ABA Banking Journal Podcast, guests discuss how the next generation of core banking technology is evolving.