RAPID CITY, S.D. - (08/03/04) -- Black Hills FCU, the state's largestcredit union, has contracted with TWS Systems Inc. To convert itstransactions processing operations to an image-based system. The$480 million credit union chose IMAGECENTER BY TWS, a back officeprocessing solution , to serve as a collection point fortransactions originating at its branches. The open design ofIMAGECENTER will allow the credit union to protect its investmentin its existing technology and eliminate the need for expensivesystem modifications.
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Lake Shore Bancorp in Western New York has reached a "standstill agreement" with the Stilwell Group, which has promised not to force a merger or sale in the next three years.
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Swiss banking giant UBS Group received federal approval from the Office of the Comptroller of the Currency to convert its $1.6 trillion-asset UBS Bank USA from a Utah-chartered industrial bank to a national charter.
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Early industry reaction to the Federal Reserve's Basel III proposals points to potential capital relief for banks, though stakeholders say the complexity of the changes makes their overall impact unclear.
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Financial institutions that delay or fail to take this leap risk losing customers and revenue, said speakers at the inaugural On-Chain Executive Summit.
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CISA and Microsoft urge organizations to secure endpoint management systems as threat actors increasingly seek to disrupt operations with wiper malware.
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Piermont Bank hired Dennis Day for a new executive role focused on payments; the American Bankers Association announced the global expansion of its widely used Fraud Contact Directory; MC Bankshares moved one step closer to finalizing its sale to an investor group; and more in this week's banking news roundup.
March 20











