We've been working toward a faster payments future for a decade now, and we're finally seeing the fruits of our labor: the launch of FedNow.

Just shy of a year ago, ICBA announced its role as one of the general partners and investment committee members in a strategic investment fund designed to accelerate technology opportunities and adoption at community banks. Today, BankTech Ventures, has raised more than $115 million in committed capital in its first fund and has backed eight different companies working to provide community bank technology solutions.

You may already be thinking about 2023 and your bank’s training plans for employees. If you haven’t, you will be very soon as the end of 2022 is approaching quickly. We encourage you to think about two things when planning your online course enrollments for 2023.

Digital transformation is the 2022 payments phrase of year. You can’t attend a meeting without hearing about its importance in the financial services landscape, and when you consider that nearly nine in ten Americans are now using some form of digital payments, you understand why it needs to be a top priority.

In late 2022, ICBA announced it was bringing the Accelerator and all innovation activities in house. In this episode, our guests reveal the reasons behind this move and give a glimpse of how the association will develop initiatives that help community banks flourish.

Bob Dylan once said, “There is nothing so stable as change,” and I have found that to be true, particularly as we look to embrace modern technologies and the companies that enable them.

Even if you aren’t hearing the words “faster payments” or “instant payments” directly from your customers, trends and research show the demand is there – and rising. Recent Federal Reserve surveys reveal growing interest in faster payments

When I attended FinovateFall in September, I was struck by its palpable energy. Not only was it the most well attended Finovate to date with roughly 1,800 attendees and 64 participating companies, it was a widely collaborative conference, converting what had once felt like a competitive environment into one of enablement.

In the first half of 2022, there were 817 data breaches in the U.S., and combined with data leaks and data exposure, they impacted more than 53 million individuals. These are alarming numbers, but they could have been much worse without the use of some form of multifactor authentication.

The consequences of uncoordinated regulatory standards at the federal level are creating an artificial problem at the local level, potentially endangering many community banks’ ability to lend to local customers.