PORTLAND, Ore. - (08/01/05) -- Corillian Corp. said last week ithas joined with NameProtect Inc., to develop solutions aimed atpreventing phishing and other online fraud attacks againstfinancial institutions. Under the deal, the two companies will selland market each other's products: Corillian's Fraud DetectionSystem, and NameProtect's anti-fraud solution, known asNameProtection service. The service scans other types of fraudulentbehaviors, including domain names, web pages and unsolicitedemails, to identify potential fraudulent web sites and attacks forclients and provides them with daily continual alerts of suchattacks through an online web interface and workflow tool.Separately, Corillian said last week that second quarter earningsrose to $2.1 million, or five cents a share, while revenues rose10% to $12.3 million, compared to the second quarter last year.Second quarter highlights included contracts with, Space CoastCU.
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Liberty Bank in Salt Lake City had been "structurally unprofitable" since 2008, according to its regulators. Experts criticized the FDIC for allowing the bank's demise to play out in slow motion.
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The New York-based bank says it will push its concentration of commercial real estate loans below 400% of risk-based capital over the next two years and focus more on C&I.
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The San Francisco-based firm's Anchorage Digital Trusted Liquidity and Settlement network, better known as Atlas, will allow clients to settle a range of cryptocurrency transactions.
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Consumer spending slowed and charge-offs rose during the first quarter, but Bread Financial said a pending late-fee rule may not be as devastating to its revenue as the Columbus, Ohio-based firm initially feared.
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Artificial intelligence models are energy hogs. Climate First Bank and UBS are among the very few trying to solve this problem.
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The FDIC board debated and ultimately withdrew two separate proposals to address asset managers' control over banks, but acting Comptroller of the Currency Michael Hsu said he couldn't support either and called for more research and debate about how asset managers' control over banks impacts safety and soundness.
April 25