Port City Federal Credit Union

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Strategic planning

NYCB's new CEO fills out his team amid strategy revamp

New York Community Bancorp CEO Joseph Otting has added three former colleagues to the embattled company's leadership team. The hires come six weeks after the Long Island bank got a $1 billion capital infusion, which led to Otting's appointment as CEO.

By Allissa Kline

57m ago
Politics and policy

Warren, Blumenthal press OCC on NYCB-Flagstar deal approval

Sens. Elizabeth Warren, D-Mass., and Richard Blumenthal, D-Conn., detailed how New York Community Bank grew to exceed the $100 billion threshold that triggers tougher bank requirements and set the bank on a path to market turmoil via a series of deals that were approved, in part, by the Office of the Comptroller of the Currency.

By Claire Williams

2h ago
Payments

Inside FIS' use of AI to weed out false-positive card fraud alerts

When its broad-spectrum payment card fraud-detection filters generated too many false alarms, FIS implemented AI to help banks prioritize which types of fraud to investigate first, in part by muting lower-risk notifications.

By Kate Fitzgerald

3h ago