OKLAHOMA CITY - (05/05/05) -- Advanced Financial Solutions, a unitof Metavante, has introduced a new suite for check image exchangewhich will facilitate seamless interoperability between all theleading check image networks. AFS's xVision suite provides thecheck image exchange interfaces to Metavante's Endpoint ExchageNetwork, as well as the Federal Reserve's FedImage Services, andthe country's top tier banks that participate in SVPCo Network. Thesuite includes solutions for image replacement, electronic return,capture distribution, commercial deposit, presentment forelectronic remittance, archiving and quality assurance.
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The financial advisory firm initially sought an industrial loan charter back in 2020. It's the third company to receive the necessary approvals this year, joining General Motors and Ford.
February 27 -
Though changes to bank capital rules previewed by Federal Reserve Vice Chair for Supervision Michelle Bowman in February are being viewed as welcome, experts say other more significant hurdles — not all of them regulatory — are keeping banks on the sidelines of mortgage servicing and lending.
February 27 -
The proposed national trust charter company would be a wholly owned subsidiary of Morgan Stanley. The application was filed on Feb. 18.
February 27 -
Fulton Financial received the necessary approvals to acquire Blue Foundry Bancorp; JPMorgan hired two Bank of America health care veterans while shuffling leadership; Mizuho Financial Group has plans to replace about 5,000 administrative jobs with artificial intelligence over the next 10 years; and more in this week's banking news roundup.
February 27 -
Preferred Bank moved a $115 million block of loans to nonaccrual status after the borrower, which is battling fraud charges leveled by other banks, began missing payments.
February 27 -
A final rule published by the Office of the Comptroller of the Currency Friday will formalize a 2021 interpretive guidance allowing national trust banks to perform non-fiduciary custody. The banking industry complained that the rule runs counter to the traditional scope of the charter.
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