Vendor management

Moving to an open banking system comes with both costs and benefits that each bank will need to weigh before diving in.

Financial institutions need to be aware of the platform model, strategic and reputational hazards that come with granting access to their networks.

The term “Amazon effect” is a term increasingly used to represent a digital-first business model where interactions with partners and customers centers on web-based application programming interfaces.

Still trying to figure out whether to build gateways to your bank's data and systems? Here’s why you should transition.

The agency’s semiannual report warned institutions to be mindful of operational risks from the innovation in core banking systems, and detailed supervisory steps to monitor the adoption of a new reference rate.

BB&T has said the outage, which blocked customers' account access for hours, cost it about $20 million.

Cybersecurity Awareness Month is at an end, but the issues dogging credit unions aren't going anywhere.

The credit union regulator has spent 20 years asking lawmakers for greater oversight of third-party vendors. Here's why it might finally happen.

Outages last week at Chime and Varo Money have executives on the defensive.

The National Credit Union Administration board is expected to tackle a rule on nonmember shares this week while the House Financial Services Committee will examine Facebook's effect on financial services.

Draft legislation would amend the Bank Service Company Act to give the National Credit Union Administration third-party vendor oversight, a power it has been requesting for the better part of two decades.

With financial institutions relying more and more on cloud computing services, Washington is increasingly focused on the concentration of industry data in the big three technology giants.

The deal expands the number of compliance tools owned by credit union leagues and other industry groups.

With lawmakers unlikely to act in the near future to ease financial institutions' regulatory burden, new technologies could be the solution to credit unions’ AML woes.

Banks and third parties must work together to safeguard data being shared when a customer uses mobile apps.

Banks and third parties must work together to safeguard data being shared when a customer uses mobile apps.

Brad Goedken wants agreements for HarborOne Bancorp to include better protections, such as cost reductions if a service fails.

Credit unions on the Corda blockchain platform will be able to make payments via EFT with CU Pay, a product the CUSO plans to roll out next year.

The proposed program would allow companies to test innovative products that “present significant opportunities or benefits” for consumers, businesses and other financial institutions.

Dealing with a service bureau arrangement can unexpectedly become a giant, expensive nightmare. Here's one cautionary tale.