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10 Bank Technology Trends to Follow for 2024

South State Correspondent

Coming Up with Our Top 10 Bank Technology Trends List for 2024 To come up with our Top ten list, we fed the content from multiple conferences (Money 20/20, AFP, ABA, Natcha, BAI, American Banker, etc.), Once the residual risks are understood, then banks will relook at the new likelihood of attack.

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Trends 2024: How Fintechs are Balancing Growth with Compliance Risk

The Financial Brand

This article Trends 2024: How Fintechs are Balancing Growth with Compliance Risk appeared first on The Financial Brand. Almost two-thirds of fintechs paid more than $250,000 in compliance penalties in 2023. Are fines increasingly the cost of growth?

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Banking Predictions 2024: Gray Skies Are Going to Clear Up (in 2025)

Gonzobanker

Having complained in a recent post on LinkedIn that a lot of the predictions I see are nonsense, you may think I’m crazy for posting my own set of predictions for 2024. That said, here are my banking and fintech predictions for 2024: 1. Real-time payment volume won’t materialize in 2024. You’re probably right.

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OCC Highlights, AML & CRA Risks

Perficient

YOU MAY ENJOY: Regulatory Reporting in Financial Services Modernizing CRA Regulations Managing compliance risk frameworks in alignment with existing risk profiles is crucial as customer needs evolve. The effective date of the new rule is April 1, 2024, with key provisions taking effect on January 1, 2026, and January 1, 2027. Banks

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Acquire or Be Acquired 2024: A Race to Perform … and Earn the Right to Transform 

Gonzobanker

Our just-released What’s Going On In Banking 2024 research authored by Ron Shevlin reveals that cost of funds is the top concern for 70% of banks and credit unions this year, and deposit gathering was in the top four for half of both groups. Joint presentations between bankers and fintechs abounded, showcasing collaborative initiatives.

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Ballard Spahr partner Michael Guerrero authors article on buy now pay later

CFPB Monitor

Michael Guerrero, a partner in Ballard Spahr’s Consumer Financial Services Group and co-leader of the firm’s Fintech and Payment Solutions Team, has authored an article on buy now pay later (BNPL) that will be published in the March—April 2024 issue of ABA Risk and Compliance.

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'You're responsible. Period.' Banks take fire for fintech partnerships

American Banker

At the American Fintech Council's 2024 policy summit, banking-as-a-service was the talk of the town as experts shared how to avoid missteps in the business.

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