The Cyber Risk Institute—a coalition of financial institutions and trade associations including the American Bankers Association—has updated its Financial Services Cybersecurity Profile.
The delivery time for chips increased by four days to about 22.3 weeks, according to research from Susquehanna Financial Group, the longest wait time since the firm began tracking the data in 2017.
The banking industry is optimistic about the role of bank/fintech partnerships that enable banks to bring customers the latest technology in a way that they can trust, American Bankers Association SVP Rob Morgan said today during an industry event.
High-service and high-performing banks should be able to and must meet customers where they want to be met, and this will help to grow deeper relationships.
Seven in 10 bank IT executives said they see incorporating cloud technology into products as a key way to help them achieve their business priorities, according to a recent survey released by banking software company Temenos.
How financial institutions can pivot to remain competitive in a fast-moving environment.
A U.S. central bank digital currency, or CBDC, would be a “threat to core funding to the banking industry,” Jim Reuter, ABA board member and president and CEO of FirstBank in Lakewood, Colorado, said on a new episode of IntraFi Network’s Banking with Interest Podcast.
With millions of microchips needed annually to equip smart chip payment cards, the American Bankers Association today told the Commerce Department that a “whole-of-government approach” is needed to weather the expected shortages in the global chip supply.
In a statement for the record shared ahead of a House Financial Services subcommittee hearing on cyber threats and consumer data today, the American Bankers Association offered support for legislation that “closes regulatory gaps that put the financial system and consumers at risk.”
In a statement for the record submitted for a House Financial Services Fintech Task Force roundtable on “buy now, pay later” fintech products, the American Bankers Association emphasized that banks are committed to providing safe credit including through BNPL products “that have appropriate consumer protections.”