OAKLAND, Calif. - (06/20/06) Kaiperm FCU celebrated its 50thanniversary last week by moving into a new corporate headquarterson Broadway St. in downtown Oakland. The 19,000 square-footbuilding is adjacent to the Paramount Theater, two blocks from the$130 million credit union old offices in a small storefront lobbyat 1950 Franklin St. The renovated two-story space includes a newmezzanine level with conference rooms and seminar space overlookinga ground floor branch. The credit union was chartered in 1957 toserve employees of health care provider KaiserPermanente.
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The payments fintech recently introduced AI agents to its lineup of products banks and credit unions can pick from and add to their existing technology stacks.
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Haiqu's new encoding technique allows quantum computers to process high-dimensional financial data, showing improved performance in spotting anomalies.
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The Virginia-based bank had been an example of what can go wrong when banks partner with fintechs. After being released from an OCC enforcement action, Blue Ridge is now focused on operating as a traditional community bank, said CEO Billy Beale.
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The payments company is expanding the transfer app in an effort to entice more consumers to use the service as their primary banking relationship
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Customers of fintechs like Yotta and Juno, who in some cases lost their life savings, may start to get reimbursed out of the agency's Civil Penalty Fund, but no timeline has been announced for repaying them.
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MetroCity Bankshares in Doraville, Georgia, plans to finalize its acquisition of First IC Corp; Rockefeller Capital Management's Brian D. Riley will join BNY Wealth as global head; Blackstone appoints former Morgan Stanley rainmaker Franck Petitgas to a top role in Europe; and more in this week's banking news roundup.
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