CENTRIX Financial, a financial management and services firm, has been awarded the 2004 FileNet Innovation Award for the Best Enterprise Content Management (ECM) application in the Financial Services category. The one-year project has resulted in improved efficiencies for CENTRIX and is expected to save the company $1.5 million annually in express shipping expenses. The ECM application is an image repository that has been fully integrated with CENTRIX's existing production systems, which means that the content management platform has made information sharing, document security and accessibility more efficient than ever before.
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Fifteen banks have failed since November 2019, with the most recent one occurring on Jan. 30.
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The Government Accountability Office was tasked with investigating the Consumer Financial Protection Bureau's stop-work order, but CFPB officials refused to meet with or provide information to Congress' investigative arm.
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Federal Reserve Gov. Christopher Waller said comments from banks and fintech firms reveal sharply different priorities in the creation of the central bank's proposed "skinny" master accounts.
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Check fraud has risen 385% since the pandemic, with criminals using stolen mail and digital tools to deceive major financial institutions.
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The activist investor HoldCo Asset Management said Monday that it doesn't plan to pursue proxy battles this spring at either Key or Eastern. It had been agitating publicly over the banks' M&A strategies.
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Jack Dorsey's payments company also laid off employees early in 2025 and 2024 following a self-imposed employee cap of 12,000 in November 2023.
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