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American Banker: The tech challenges facing minority banks and how they can solve them

American Banker, January 4, 2023, The tech challenges facing minority banks and how they can solve them

The National Bankers Association, whose member banks are minority depository institutions that hold assets of $400 million on average (excluding East West Bancorp in Pasadena, California, which has $62.5 billion of assets), has conducted further research to identify the biggest needs among its member banks in a 2021 survey, and sought products and software that its members could use at an accessible price, whether on a pilot basis or at a discounted rate.

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