Core processors play a critical role in providing open communication, visibility into cyber and operational risk management, and education regarding new and enhanced products and services, modern technology, and marketplace developments.
The community bank-core processor relationship should be treated as a key strategic relationship, given the critical role of the core processor in supporting a community bank’s long-term technology and business objectives, ability to remain compliant, and for the bank’s continued success. ICBA encourages community banks to remain actively engaged with their technology partners to influence innovation, product development and speed to market so banks remain competitive.
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.