Welcome To
The Bottom Line

SRM Perspectives on Key Industry Trends

Making the Case for Open Banking

Posted by Jeff Ostheimer on Jan 24, 2023 11:07:00 AM

Open-Banking-Blog-Image

Open banking gives third-party financial service providers open access to consumer banking, transactions, and other financial data through application programming interfaces (APIs). It allows for the networking of accounts and data across institutions for use by consumers, FIs, and third-party service providers, according to Investopedia.

Read More

Topics: Open Banking, Digital Banking, Vendor Contract Negotiation, Bank Vendor Management, Credit Union Vendor Management, Embedded Finance, Embedded Fintech

Timing Matters in Contract Negotiations

Posted by Patrick Goodwin, President on Jan 17, 2023 11:36:00 AM

Contract-negotiation

 

We recently released “Rising to the Challenge: SRM’s Seven Rules for Optimizing Vendor Contracts,” a report outlining ways banks and credit unions can ensure they receive services at fair prices and terms from third-party providers. As we enter 2023, these vendor relationships will receive even greater focus as FIs aim to defend their bottom lines and sharpen their internal processes amid an uncertain economic environment.

Read More

Topics: Vendor Contract Negotiation, Bank Vendor Management, Credit Union Vendor Management

What Regulators’ Warning on Digital Assets Means for Banks, Credit Unions

Posted by Larry Pruss on Jan 9, 2023 9:31:09 AM

JointStatementReact-Blog-Image

The Federal Reserve, the Federal Deposit Insurance Corp. (FDIC), and the Office of the Comptroller of the Currency (OCC) recently issued a joint statement that expressed the agencies’ concerns with banks that have business dealings tied to digital assets, including cryptocurrency.

Read More

Topics: Vendor Contract Negotiation, Bank Vendor Management, Credit Union Vendor Management, Digital Assets, Blockchain, Crypto, Regulation

Subscribe to our blog

Recent Posts

Archives

see all

Posts by Topic

see all