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FHFA announces Office of Financial Technology

CFPB Monitor

On July 18, the Federal Housing Finance Agency (“FHFA”) announced the launch of a new Office of Financial Technology with the goal of advancing effective risk management as it evaluates fintech developments in the housing finance space. It also solicits feedback on how to maximize stakeholder engagement.

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OCC Considers Artificial Intelligence an Emerging Risk in Banking

Perficient

This blog was co-authored by: Ashley Simmons In conversations with financial services executives, Perficient consultants consistently delve into the application and usage of artificial intelligence (AI) within the industry. A pivotal aspect of this conversation revolves around the regulatory perspective toward AI.

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Use Technology Vision for Banking as a guide to bolster traditional banking, before it’s too late

Accenture

Storm clouds are gathering over the banking industry in the form of a fragmenting value chain, rapid migration to digital channels, encroaching financial technology firms, and open banking regulations. Waiting until the rains arrived was too late to act. Read the report.

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Why Not All FinTech Providers Are FinTech Firms

PYMNTS

Every industry has its nomenclature. Such is the case in financial services, where “ FinTech ” is often used to describe financial technology vendors. “A FinTech is a term that’s become synonymous with innovative, agile and digital-first financial services companies,” said Thomas.

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Wells River Savings Bank To Access TCH’s RTP Network

PYMNTS

12) announcement from the Vermont-based financial institution (FI), which noted that Atlantic Community Bankers Bank (ACBB) will offer funding agent functions. Our customers need financial technology tools that align with their personal and business needs. according to a Tuesday (Jan.

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GFT Advances in 2022 IDC FinTech Rankings

Bobsguide

Banks are depending on the cloud to build better systems for the future, but legacy technology is holding 62% of them back. Continued adoption of GFT’s approach to reimagining banks’ current technology with core digital solutions moved the company up 14 spots this year, ranking #35 and earning recognition as a “Fast Track Fintech.”.

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Charles Potts: Being comfortable with discomfort

Independent Banker

He observed that cybersecurity, once relegated to the bank’s information technology (IT) department, had instead become a natural extension of the business that affected everyone across the organization, him included. It offers community banks an opportunity to talk with and learn from bank technology entrepreneurs.