ABA Banking Journal
February 24, 2023

This ABA Banking Journal newsletter is a free, twice-monthly supplement to the ABA Banking Journal magazine intended to help you stay on top of industry and policy news. You can also stay abreast of banking news by visiting aba.com/BankingJournal, home to ABA Daily Newsbytes stories, digital exclusives, the ABA Banking Journal Podcast and more.

Glia®
Banking Call Centers Just Got Upgraded
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In Glia’s whitepaper, you’ll learn about:
· Why phone lines are still an invaluable channel to have
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How Glia Call Center (GCC) can bring all the modern conveniences your consumers expect to your phone experience
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Industry News
How banks are using middleware to advance innovation
Legacy technology continues to hamper banks, but new middleware solutions can help banks onboard promising new technology without replacing their entire tech stacks.
 
What bank marketers need to know about cryptocurrency
Crypto is still an outlier in the product line for many banks. But a few have made big commitments.
 
Poll: Many Americans do not feel financially stable
More than two in five Americans say they do not feel financially stable, with nearly one-third saying they have less than $500 in their emergency savings funds, according to a new survey by Edward Jones and Morning Consult.
 
Data Center, Inc. (DCI)
Raymond James & Associates
Remote possibilities
Banks that embrace remote work are evolving their management structures—and reaping the rewards.
 
More than 2 billion payments made through Zelle in 2022
Consumers and businesses sent 2.3 billion payments with a total value of $629 billion through the Zelle Network in 2022, parent company Early Warning Services announced earlier this month.
 
ABA survey: Fewer than half of banks satisfied with core provider
Fewer than half of banks said they were satisfied with their core provider, but fewer still said they were likely to switch providers when their contracts come up for renewal, according to a new ABA survey.
 
Jack Henry & Associates, Inc.®
Evolve and Adapt to Your Customers' Needs With Innovative Technology
For generations, banks have remained at the center of people’s financial lives. As technology continues to progress, evolving and adapting with that technology is critical to your institution’s success. Your customers need you to understand their needs and guide them with individualized digital experiences. By doing so, you’ll not only deliver an exceptional customer experience but strengthen connections with your customers, too.
Watch the Video
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Policy News
FSB to more closely scrutinize decentralized finance
The Financial Stability Board has laid out several steps it will take in the future to evaluate and possibly reduce the financial stability risks posed by decentralized finance, or defi.
 
ABA welcomes bill to prevent transaction reporting to IRS
ABA praised the reintroduction of a Senate bill to prevent the IRS from requiring financial institutions to turn over transaction information for millions of law-abiding bank customers.
 
ABA urges SEC to drop hard close requirement for mutual fund orders
In a comment, ABA urged the Securities and Exchange Commission to drop its proposed requirement of a hard close on mutual fund orders made through intermediaries such as banks.
 
Jack Henry & Associates, Inc.
Capco
Watchdog report identifies top challenges faced by FDIC
A report released by the Office of Inspector General identified nine challenges the FDIC faces that could affect its capability to promote public confidence and financial stability, adding that the agency has taken concrete steps to address at least some of the challenges.
 
ABA endorses bill to encourage de novo bank formation
ABA has expressed its support for a House bill to boost the formation of de novo banks.
 
District court vacates Labor Department position on rollover advice
A U.S. district court has vacated the Labor Department’s interpretation of the Employee Retirement Income Security Act and its implementing regulation on fiduciary investment advice.
 
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Training

February 27 - March 1
Conference: Wealth Management and Trust Conference
Omni Nashville, Nashville, TN

February 28
Webinar: Unlocking the Potential of Small Business Lending

March 1
Webinar: How to Build Your FedNow Service Roadmap Today

March 2
Webinar: Creating and Managing Discretionary Distribution Standards

March 6 - June 23
Facilitated Training: Consumer Lending

March 7
Webinar: SECURE 2.0: Creating a New Retirement Plan Foundation

March 13 - May 19
Facilitated Training: Introduction to Mortgage Lending

March 16
Webinar: Preparing for Always-On Operations with the FedNow Service

March 16 - April 17
Virtual School: Virtual Financial Statement Analysis Workshop

March 20 - 22
Conference: Washington Summit
Marriott Marquis, Washington, DC

March 20 - 23
School: Compliance School – Intermediate
Emory Conference Center, Atlanta, GA

March 20 - 24
School: Compliance School – Foundational
Emory Conference Center, Atlanta, GA

March 20 - 24
School: Wealth and Trust School Level 2
Emory Conference Center, Atlanta, GA

March 20 - April 14
Facilitated Training: Marketing Management

March 20 - April 21
Facilitated Training: Managing the Bank's Investment Portfolio

March 20 - May 26
Facilitated Training: Legal Foundations in Banking

March 21
Webinar: Rethinking Retirement in a Dynamic Environment

 
 

 

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