Banks, Cores Increasingly at Odds Over Service
Banks are becoming less and less satisfied with the vendors providing their core banking technology, but few are looking to switch providers. The share of banks reporting satisfaction with their core technology provider fell 12 percentage points in two years...Bond Portfolios Could Complicate Local Banks’ Finances
Amid rapid deposit growth, particularly during the first two years of the pandemic, banks of a variety of sizes chose to invest some of that cash in bonds, a move that would end up leading to Silicon Valley Bank’s decline. Some banks, including community banks, have...CFPB Touts NSF Fee Wins vs. Banks
Some banks that charged multiple nonsufficient funds fees on a single item plan to refund the fees to consumers, and most of these institutions supervised by the Consumer Financial Protection Bureau have decided to eliminate nonsufficient funds fees altogether, the...
Banks Face Talent Development Struggles
Staffing remains a key priority for community banks and credit unions heading into 2023, and the industry’s ongoing digital transformation and economic uncertainties have started to change how financial institutions look at staffing needs, according to industry...This Week’s Paper: Digital Edition
