OKLAHOMA CITY - (08/03/05) -- Advanced Financial Solutions Inc.Said Tuesday it has introduced an Image Quality Assurance suitethat inspects the front and back of each check image, testing for avariety of potential image quality and usability problems. All 49tests of the AFS IQA Suite conform to or exceed industry metricsfor image quality and usability. This ensures that images presentedthrough the check image exchange networks have met the industry'smost rigid standards and confirms the integrity of the check image.AFS is a unit of Marshall & Ilsley Corp.'s MetavanteCorp.
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Bank of Montreal has introduced a tokenized cash and deposit platform, while the London-based Monument is partnering with the Midnight Foundation's distributed ledger. Also, Starling Bank's AI play, stablecoins gain ground in APAC and Africa and more in the American Banker global payments and fintech roundup.
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In a new legislative package offered Wednesday, House lawmakers halved the deposit insurance limit offered in earlier deposit insurance reform bills coming from the Senate.
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Draft legislative language meant to break an impasse on stablecoin yield circulating among stakeholders includes a lengthy list of exceptions to a ban on rewards for stablecoin holdings, making it unlikely to satisfy banks as negotiations continue.
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The Financial Stability Oversight Council Wednesday published a proposed guidance focused on designating activities rather than individual firms for heightened prudential standards, making it more difficult for the council to designate firms going forward.
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The Salt Lake City-based regional bank plans to grow its multifamily lending business by acquiring the agency lending business of a commercial real estate investment group. If the deal is approved, Zions would join a short list of banks that can underwrite and close multifamily loans on behalf of Fannie Mae and Freddie Mac.
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2025 was Revolut's fifth consecutive year of net profitability. This year, the neobank has its sights set on expanding in the U.S., a key pillar of its global footprint.
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