Technology

FDIC to hold competition to modernize call reports

06/30/20

The so-called tech sprint involving 20 companies from across the country is intended to help improve the efficiency of banks' quarterly data submissions to the regulators.

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Advice to debt collectors in pandemic times: Watch your language

06/26/20

Now perhaps more than ever, banks and their proxies need to show tact when communicating with past-due borrowers.

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OCC’s proposal rightfully directs banks to upgrade

06/17/20

The agency’s advance notice of proposed rulemaking, which would require banks to evolve with technology, shows foresight that policymakers too often lack.

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We'll be back: OCC examiners are more effective on-site

06/11/20

The acting head of the agency says it cannot continue relying on web-based exams put in place during the coronavirus and will start sending staff into banks.

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Misinformation is spreading as much as the coronavirus

05/08/20

The pandemic has fostered the distribution of even more bad information on social media. Banks and other companies need to step up to solve the problem — including support of tougher legal restrictions on internet content.

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Don’t fear big-bank competition. Lean into it.

03/05/20

The best community banks layer human-facing services with new technology to beat the heavyweights in their market.

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Banks' big tech spending is testing shareholders' patience

02/05/20

Investors think the billions being shelled out to keep up with the likes of Amazon might be better spent elsewhere.

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Goldman, Amazon may offer loans; banks plan to tighten underwriting

02/04/20

The bank would make small-business loans on the online retailer’s platform; Fed survey says banks worry about increasing delinquencies, especially in subprime.

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Citigroup CEO says many branch jobs are still safe from machines

01/21/20

Modernizing the bank’s app and digital-banking experience won’t necessarily result in Citigroup needing fewer people in its retail bank, CEO Michael Corbat said.

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BNY Mellon’s shares tumble as revenue growth stalls

01/16/20

Despite the weaker-than-expected results, interim CEO Thomas Gibbons pledged to continue spending heavily on tech upgrades aimed at cutting costs, improving efficiency and developing innovative products.

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