Advocacy

Technology

ICBA IT Outsourcing
Pre-Decisioning Questionnaire


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.

Take the quiz

Publications

Core Processor Resource Guide

Resource Guide

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.

FREE for members
Members Only Webinar

Optimizing Your Core Processor Relationship

Learn how to better optimize your core processor relationship with this member-exclusive webinar recorded April 14, 2021.

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Letters

Title Recipient Date
Consumer Protection Financial Bureau 01/09/24
Office of Management and Budget 12/05/23
CFPB 08/02/22
Federal Reserve Board 04/22/22
House Financial Services Committee 04/05/22
Sens. Cruz, Braun, Grassley 04/04/22
Rep. Tom Emmer 04/04/22
DOJ 02/15/22
FinCEN 02/08/22
CFPB 12/06/21
Basel Committee on Banking Supervision 09/10/21
FDIC, Fed, OCC 07/30/21
FDIC 07/15/21
OCC, Fed, FDIC, CFPB, NCUA 07/14/21
Fed 07/12/21
Reps. Madeleine Dean and Kelly Armstrong 06/11/21
House of Representatives 05/24/21
117th Congress 05/06/21
FDIC, OCC, Fed, CFPB, NCUA 04/22/21
CFPB, FDIC, Fed, OCC 03/08/21
OCC 03/02/21
OCC 02/12/21
OCC 01/08/21
FinCEN 01/04/21
OCC 12/07/20
OCC 11/20/20
116th Congress 10/15/20
Fed 10/05/20
U.S. House Task Force on Financial Technology 09/29/20
FDIC 09/22/20
OCC 08/04/20
FCC 05/22/20
FCC 04/20/20
FCC 03/31/20

ICBA: Congressional Report Validates That Community Banks Are a Superior Alternative to Nonbank Lenders

Dec. 02, 2022

ICBA Press Release Banner 2020

Washington, D.C. (Dec. 2, 2022) — Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on the Select Subcommittee on the Coronavirus Crisis’s report regarding the role of financial technology companies in facilitating a disproportionately high rate of fraudulent and otherwise ineligible loans through the Paycheck Protection Program.

“The Select Subcommittee on the Coronavirus Crisis’s report validates what ICBA has long said: community banks were the unequivocal leaders of the U.S. economic recovery during the pandemic due to their outsized role as providers of Paycheck Protection Program small-business loans. Their relationship-based banking model and deep understanding of their customers and communities made them a superior alternative to nonbank lenders. Community banks’ traditional approach to lending, due diligence, and fraud mitigation controls provided them with a framework to identify and eliminate many lending risks that fintechs were not prepared to address.

“The fintech model works best and provides the least risk when operating within the regulated space by partnering with community banks, known for their commitment to building trust and maintaining an appropriate risk management structure. According to the report, the fintechs that worked closely with community banks, responding to their requests for more formalized and in-depth fraud management, were able to increase due diligence on loans, mitigate fraudulent applications and benefitted from their relationships.

“Community banks were the predominant PPP lenders during one of the most tumultuous and concerning times in recent history—serving 55.8 percent of all PPP recipients and accounting for nearly 60 percent of the program’s total loan amount. Community banks did so while also leading in lending to minority-owned, women-owned, and veteran-owned businesses; supporting demographically and socioeconomically underserved communities; making loans in rural, suburban, and urban America; and saving an estimated 49 million local jobs in critical areas of the economy.

“Community banks look forward to continuing to support local customers and communities and being a trusted lifeline during times of economic uncertainty.”

For more information, visit icba.org.

About ICBA

The Independent Community Bankers of America® creates and promotes an environment where community banks flourish. ICBA is dedicated exclusively to representing the interests of the community banking industry and its membership through effective advocacy, best-in-class education, and high-quality products and services.

With nearly 50,000 locations nationwide, community banks constitute roughly 99 percent of all banks, employ nearly 700,000 Americans and are the only physical banking presence in one in three U.S. counties. Holding more than $5.8 trillion in assets, over $4.9 trillion in deposits, and more than $3.5 trillion in loans to consumers, small businesses and the agricultural community, community banks channel local deposits into the Main Streets and neighborhoods they serve, spurring job creation, fostering innovation and fueling their customers’ dreams in communities throughout America. For more information, visit ICBA’s website at www.icba.org.

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Testimony

Title Committee Presenter Date
Senate Banking Hearing 02/15/22
Senate Banking Committee Written Statement 12/14/21
House Financial Services Committee Written statement 12/07/21
Committee on Banking, Housing and Urban Affairs ICBA 04/28/21
HSFC 09/29/20
Senate Banking, Housing, and Urban Affairs Committee Written Statement 09/12/17