KAWASAKI, Japan - (10/26/05) -- Fujitsu, one of the world's biggestATM manufacturers, said it is forging ahead with plans to introduceits new biometric technology that identifies users through palmvein authentication. The technology, which has been introduced atATMs and banks, recognizes the unique architecture of anindividual's vein pattern in the palm of their hand for useridentification. The vein architecture is difficult to forge, sincepalm veins are internal to the body. The scanning is contactless.The technology is also being introduced for entry use in hospitalsand residential condominiums, and for access to personal recordsand transcripts at academic institutions.
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Kohler Credit Union, Think Bank and Communication Federal Credit Union gave their onboarding and direct deposit tech an upgrade through fintech partnerships.
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To address a budget deficit, the state of Washington has begun taxing credit unions that buy banks. Critics say there's just one problem: The tax will deter any such acquisitions from happening.
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Some distressed companies that tapped the Federal Reserve's Main Street Lending Program say they've been crushed by the agency's hardline stance on modifications.
6h ago -
Threat group ShinyHunters claimed responsibility for the attack, which reportedly targeted third-party platforms rather than Betterment's own systems.
February 6 -
Artificial intelligence developments are stoking investor fears about software companies. Banks' limited exposure to the sector and general stability is proving attractive to investors.
February 6 -
Prosperity Bancshares finalizes the second of three acquisitions it's announced since July; Sumitomo Mitsui Banking Corporation appoints a new chief information security officer for its American operations; Huntington Bancshares, Third Coast Bancshares and Heritage Financial completed acquisitions; and more in this week's banking news roundup.
February 6





