GLENDALE, Calif. - (05/16/06) California CU announced Mondayit has signed with NeoScale Systems to implement thecompanys NeoScale CryptoStor Tape to encrypt backup databefore transporting backup tapes offsite. The $1 billion creditunion said it chose over other options because of its transparentoperation and seamless integration with existing networkinfrastructure. Credit union officials said NeoScale was the onlyvendor that provided connectivity with secure key managementbetween the credit unions data center and disaster recoverysite, allowing it to implement the appliance between its IntegraSysapplication server and Compaq tape backup system in each location.NeoScale Systems is based in Milpitas, Calif.
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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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