Nichols: Smart Policies Allow Banks to Innovate, Partner with Fintech Startups

摘要

Banks are innovating and partnering with startups to help benefit their customers, but smart policies are key to facilitating a modern, high-tech system, according to testimony earlier this summer from ABA President and CEO Rob Nichols. Testifying before the House Financial Services Subcommittee on Financial Institutions and Consumer Credit, Nichols noted that banks are "pro-innovation, pro-consumer and very technology focused" and emphasized banks' history of embracing innovation to better serve their customers-including important advances such as the ATM, credit cards, online banking and remote check deposit. He stressed that banks are actively looking to partner with fintech startups to bring their customers the latest technologies through secure and trusted channels.