Jamie Dimon, chief executive officer of JPMorgan Chase & Co., speaks virtually during a webcast ... [ ] event on a mobile phone. If you want to know which technologies will be hot in the banking industry in 2023, heed the advice of Deep Throat. In the movie All The President's Men, Woodward and Bernstein's informant--whom they refer to as Deep Throat--tells them: "Follow the money." A new study from Cornerstone Advisors, What's Going On in Banking 2023, follows the money and reveals where banks and credit unions will place their technology bets in this uncertain year. Uncertain not just because of the economic conditions, but because of the vagaries of the organizational and technological environments in which banks operate.

When one considers the top view of the mortgage industry, it is difficult to comprehend its associated carbon footprint. After all, it primarily involves a few transactions and some amount of paperwork, right? Dig deeper into the ecosystem, and you will discover the impact of offices, computers, data centers, paper mails, and travel – each of these elements contributing to the overall carbon footprint in one way or another. While some of these are invariable and bear some amount of environmental costs, others can be curbed in measurable ways. And in light of point #10 in our Green 2030 resolution, it is imperative that financial institutions take actionable measures towards the decarbonization of the economy.

AI is about as big a buzzword that has ever existed in the mortgage industry, on par with automated underwriting, cloud technology, and digital mortgages. Indeed, AI is intrinsically tied to these innovations. AI tools enhance automation, can be delivered through the cloud, and would significantly improve the production of digital mortgages. At the same time, AI is also one of the least understood terms in the mortgage industry. This fact is keeping most mortgage industry participants from realizing its full benefits.