Opinions

Early wage access and automated savings tools are just two areas where banks can gaiBanks have a chance to fill the payment tech gap.

As the Consumer Financial Protection Bureau weighs rules on protecting customer information shared between banks and third parties, it should consider giving consumers full authority over their financial data and committing to direct oversight of everyone involved, including data aggregators and fintechs.

Humans have come to expect experiences that are simple, efficient, quick, error-free and secure, says Bottomline Technologies' Jessica Cheney.

The pandemic has brought new users to the technology, making a simpler experience more important, says Tappit's Jason Thomas.

Some bank regulators are allowing companies that offer digital currencies to apply for a charter, potentially giving them a path to the Federal Reserve system without proper oversight.

As the Consumer Financial Protection Bureau weighs rules on protecting customer information shared between banks and third parties, it should consider giving consumers full authority over their financial data and committing to direct oversight of everyone involved, including data aggregators and fintechs.

People open new accounts for a variety of purposes, often providing services banks don't provide, says FICO's Anna Hamilton.

Customers and partners will view an easy and reliable payment experience favorably, says Billtrust's Justin Main.

By removing friction and encouraging interoperability, deployment becomes easier, says Fime's Reza Rhamani Fard.

Unlike most IT investments that become obsolete in a few years, AI's ability to "learn" makes it increasingly more valuable, says Silent Eight's John O'Neill.