When autocomplete results are available use up and down arrows to review and enter to select.
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. 06, 2023
ICBA offered recommendations for an Office of Management and Budget proposal to establish artificial intelligence governance standards for federal agencies.
Background: The OMB’s proposed memo would establish new agency requirements and guidance for artificial intelligence governance, innovation, and risk management. The proposal includes specific minimum risk management practices for federal agency uses of AI that affect the public’s rights and safety.
ICBA Comments: In a comment letter to the OMB, ICBA said:
Agency chief AI officers, which are required under President Joe Biden’s Oct. 30 AI executive order, should collaborate with federal banking regulators’ chief innovation officers.
Federal banking regulators should re-establish or re-empower innovation offices that have been dismantled or deprioritized.
Federal banking agencies must ensure their use of AI is based on agreed upon public-private standards to ensure trust and protect community banks and their customers.
It supports a provision of the executive order directing each agency to annually submit a public inventory of AI uses cases.
Agency adoption of AI could make bank supervision more efficient and alleviate community bank regulatory burdens, especially in the area of data collection.
ICBA Blog Posts: Recent ICBA blog posts separate AI hype from reality and spotlight what regulatory perceptions of AI will mean for community banks.
AI Webinar Bundle: ICBA separately offers its AI Demystified webinar series as a bundle that community banks can purchase to view on-demand.
Title | Date |
---|---|
ICBA Summary of CFPB Proposals on No-Action Letters and Product Sandboxes | 01/15/19 |
11/18/16 |
Title | Committee | Presenter | Date |
---|---|---|---|
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 |