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Is your bank contemplating a new project to obtain strategic IT capabilities? Don’t know where to start? Weighing the pros and cons of IT outsourcing can be stressful.
Use this interactive quiz to evaluate your bank’s unique circumstances, the risks and regulatory requirements, and balance these considerations against the advantages of outsourcing your key IT capabilities.
Additional information is available in the IT Outsourcing white paper.
A community bank’s core processor should be a strategic partner that supports the bank’s long-term business objectives.
The ICBA Core Processor Resource Guide will help community banks with some of the more important aspects of managing this relationship to maximize the return on their technology investments.
Is your bank contemplating a new project to obtain strategic IT capabilities? Don’t know where to start? Visit our technology advocacy page for useful resources and documents.
Learn how to better optimize your core processor relationship with this member-exclusive webinar recorded April 14, 2021.
Title | Recipient | Date |
|---|---|---|
| ICBA Letter on AI Action Plan | 03/12/25 | |
| Letter in Response to Agencies’ RFI on Bank-Fintech Relationships | OCC | 10/30/24 |
| ICBA sends comments to the Treasury on AI | Treasury Department | 08/12/24 |
| ICBA signs joint letter to regulatory agencies requesting extension of commenting period on bank-fintech arrangements | FDIC, OCC, Federal Reserve | 08/09/24 |
| Comment Intake—LP Payment Apps Rulemaking | Consumer Protection Financial Bureau | 01/09/24 |
| ICBA comment on OMB proposed AI memo | Office of Management and Budget | 12/05/23 |
| Joint Letter on Aggregation Services Market | CFPB | 08/02/22 |
| Comments on Fed Accounts Supplemental Proposal | Federal Reserve Board | 04/22/22 |
| Joint Letter Supporting the Close the ILC Loophole Act | House Financial Services Committee | 04/05/22 |
| Support for Senate CBDC, FedAccount Bill | Sens. Cruz, Braun, Grassley | 04/04/22 |
Nov. 22, 2022
The Justice Department announced the arrest of two Estonian citizens for their alleged involvement in a $575 million cryptocurrency fraud and money-laundering conspiracy.
Indictment: According to court documents, Sergei Potapenko and Ivan Turõgin allegedly induced victims to enter into fraudulent equipment rental contracts and caused victims to invest in a virtual currency bank called Polybius Bank. They then used shell companies to launder the fraud proceeds and to purchase real estate and luxury cars.
ICBA Position: ICBA recently told the Treasury Department that protecting national security and implementing anti-crime measures should be primary drivers of cryptocurrency policymaking and regulation. Reflecting previous ICBA calls for regulators to prioritize national security in new crypto rules, ICBA noted that bad actors still use Tornado Cash despite it being federally sanctioned.
More Resources: Earlier this year, ICBA published a series of blog posts on volatility in the stablecoin market, including the collapse of the TerraUSD stablecoin, its impact on financial markets, and how it affects community banks and the regulatory debate.
Title | Date |
|---|---|
| ICBA Summary of CFPB Proposals on No-Action Letters and Product Sandboxes | 01/15/19 |
| 11/18/16 |
Title | Committee | Presenter | Date |
|---|---|---|---|
| Enhanced Regulation of Digital Assets Will Promote Responsible Innovation | Senate Banking Hearing | 02/15/22 | |
| Statement for Senate Stablecoin Hearing | Senate Banking Committee | Written Statement | 12/14/21 |
| Statement for House Hearing on Digital Assets | House Financial Services Committee | Written statement | 12/07/21 |
| ICBA Statement for True Lender Hearing | Committee on Banking, Housing and Urban Affairs | ICBA | 04/28/21 |
| ICBA Statement for HFSC Fintech Hearing 9-29-2020 | HSFC | 09/29/20 | |
| Hearing: Examining the Fintech Landscape | Senate Banking, Housing, and Urban Affairs Committee | Written Statement | 09/12/17 |
