As financial institutions modernize, data portability has become a crucial strategy for unlocking operational efficiency and enabling regulatory compliance.

Banks like Fifth Third, Cross River and First International are using specialty-built technology platforms to appeal to nonbank partners while controlling more of the technology stack.

Focusing on niche markets and strategically implementing technology can help financial institutions build stronger client relationships.

The Consumer Financial Protection Bureau throws itself into the mix of regulators cracking down on third-party partnerships.

Many bankers express concern that their institution may be underinvesting in technology.