ST. LOUIS - (02/28/06) -- Anheuser-Busch Employees' CU said ithas signed with IA Systems to implement the company's StreamLendVelocity to automate and accelerate its lending operations forconsumer indirect, and home equity loans. The system iscustomizable and paperless and automates the entire lendingprocess, from processing and underwriting to funding and closing.The $810 million credit union has chosen to use IA Systems' newapplication service provider facility, a low-cost option thateliminates the need for on-site installation and maintenance, andprovides superior disaster recovery support.
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As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
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House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
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A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
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Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
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Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
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In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp's AI Advisor product.
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