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Is your bank contemplating a new project to obtain strategic IT capabilities? Don’t know where to start? Weighing the pros and cons of IT outsourcing can be stressful.
Use this interactive quiz to evaluate your bank’s unique circumstances, the risks and regulatory requirements, and balance these considerations against the advantages of outsourcing your key IT capabilities.
Additional information is available in the IT Outsourcing white paper.
A community bank’s core processor should be a strategic partner that supports the bank’s long-term business objectives.
The ICBA Core Processor Resource Guide will help community banks with some of the more important aspects of managing this relationship to maximize the return on their technology investments.
Is your bank contemplating a new project to obtain strategic IT capabilities? Don’t know where to start? Visit our technology advocacy page for useful resources and documents.
Learn how to better optimize your core processor relationship with this member-exclusive webinar recorded April 14, 2021.
Dec. 07, 2020
The Federal Reserve plans to publish a white paper early next year on community bank partnerships with fintech companies and effective practices for managing those arrangements, Fed Governor Michelle "Miki" Bowman told ICBA community bankers.
Speaking at the first-ever ICBA ThinkTECH Policy Summit, Bowman said these partnerships can promote a "diversity of choice and accessibility" for customers, improve efficiency and regulatory compliance, and more.
Bowman—the first person to fill the Fed’s ICBA-advocated community banking seat—also said the agency will launch a pilot program next month to help roll out the FedNow instant payments service as soon as possible. ICBA has urged the Fed to collaborate with community banks to swiftly implement FedNow.
Also at the final day of the ThinkTECH summit, House Financial Services Committee Artificial Intelligence Task Force Chairman Bill Foster (D-Ill.) said Congress is charged with staying ahead of fintechs seeking bank-like powers without regulatory oversight, a long-time ICBA priority.
Title | Date |
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ICBA Summary of CFPB Proposals on No-Action Letters and Product Sandboxes | 01/15/19 |
11/18/16 |
Title | Committee | Presenter | Date |
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Enhanced Regulation of Digital Assets Will Promote Responsible Innovation | Senate Banking Hearing | 02/15/22 | |
Statement for Senate Stablecoin Hearing | Senate Banking Committee | Written Statement | 12/14/21 |
Statement for House Hearing on Digital Assets | House Financial Services Committee | Written statement | 12/07/21 |
ICBA Statement for True Lender Hearing | Committee on Banking, Housing and Urban Affairs | ICBA | 04/28/21 |
ICBA Statement for HFSC Fintech Hearing 9-29-2020 | HSFC | 09/29/20 | |
Hearing: Examining the Fintech Landscape | Senate Banking, Housing, and Urban Affairs Committee | Written Statement | 09/12/17 |