SHREWSBURY, Mass. – Central One FCU yesterday said it has selected Open Solutions Inc.’s “The Complete Credit Union Solution” for its core processing.
The $250 million credit union also is implementing Open Solutions’ cView (CRM/business intelligence), interactive voice response, financial accounting suite and the credit card modules.
Open Solutions is a wholly owned subsidiary of the Carlyle Group.
Gov. Mike Dunleavy, a Republican, vetoed a bill that would cap consumer loan rates at 36% APR, arguing it would restrict credit access for vulnerable Alaskans.
Fiserv and Metallicus are enabling downmarket development of digital assets. Payment experts say it's vital to have a plan, but one that doesn't give into a fear of missing out.
The idea of creating software from "vibes" or feelings seems antithetical to the buttoned-up and highly regulated world banks live in. But experts say there's a place for it.
An error in data submitted to the Consumer Financial Protection Bureau about consumers with no credit record — known as "credit invisibles" — has skewed the agency's reports, showing that the number of Americans without credit histories is half what it was thought to be.
The data aggregator intends to continue sharing data with Envestnet and U.S. banks after the acquisition.
Experts told lawmakers that quantum computers will soon render today's encryption obsolete — and foreign adversaries know it.
