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.
What will the future of core banking look like? Cloud-native, consumption-based, and open via APIs would be a good place to start.
Financial innovation is happening worldwide. Here are some of the top developments to watch.