The pandemic encouraged more people to consider opening a bank account online, according to a new FICO survey released today.
The Department of Labor’s Employee Benefits Security Administration today issued long-anticipated guidance on cybersecurity and best practices for protecting retirement benefits.
As part of its effort to foster greater transparency, efficiency and innovation, the FDIC is renewing its effort to seek input on how it can modernize and revise its official sign and advertising rules.
More than three quarters (77%) of adult smartphone users in the U.S. use finance apps, according to a survey by Morning Consult. Of the group, 39% use them daily.
Recognizing the benefits and increasing use of artificial intelligence and machine learning capabilities in financial services, the federal banking agencies are seeking feedback from financial institutions on how they are using these capabilities to provide banking services to consumers or for other business or operational purposes.
The FDIC provided additional information today for banks working with competitors in its “tech sprint” competition in financial reporting innovation.
In an American Banker op-ed today, ABA President and CEO Rob Nichols urged the Federal Reserve to “take a very careful look” at the risks posed by nontraditional financial firms including cryptocurrency companies looking to gain access to the payments system.
As part of an organizational restructure, the Conference of State Bank Supervisors today announced its executive leadership team.
Bank customers under the age of 55 are the most likely to switch banks to gain access to better digital features, with 46% indicating they would make that change, according to a new survey from digital consulting firm Mobiquity.
During opening remarks at ABA’s virtual Conference of Community Bankers today, ABA President and CEO Rob Nichols shared an update on the work of the association’s Core Platforms Committee, which was formed in 2018 to help improve the working relationships between banks and their core service providers.