Bank CIO’s mission: Getting out from under bad tech vendor contracts
Brad Goedken wants agreements for HarborOne Bancorp to include better protections, such as cost reductions if a service fails. ... Read full article
News Topic: Contract signings
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Popular Bank's bid to streamline small-business lending
The New York unit of Popular has contracted with Biz2Credit to automate commercial loan approvals and handle the underwriting for applications under $100,000. ... Read full article
Why community banks should negotiate shorter fintech contracts
Legacy tech vendors have traditionally offered decadelong contracts. But given constant change in the industry, small banks today should push for three-year deals, a bank CEO says. ... Read full article