PORTLAND, Ore. - (07/28/06) Internet services providerCorillian Corp. reported Thursday it had a $1.5 million, or threecents a share, in the second quarter, compared to a profit of $2.1million, or five cents a share, for the same period last year, asits cost of revenues almost doubled over the past year. Thecompany, which acquired InteliData Technologies Corp. last year,said revenues in the second quarter were $14.6 million, up 20% fromlast years second quarter. Second quarter highlights includecontracts with nine more financial institutions for thecompanys multifactor authentication solution and two newpayment warehouse deals.
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BayFirst Financial, which has reported problems with SBA loans, expects to reach an agreement with its regulators in connection with credit administration and other issues.
October 31 -
A report from J.D. Power indicates that the neobank Chime gained the highest percentage of newly opened checking accounts in the third quarter of 2025.
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The court upheld the Federal Reserve Board's right to block Custodia from direct access to its payment systems. The bank is considering asking for a rehearing.
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The Tacoma, Washington-based bank, which has completed two mergers since 2023, said Thursday that it will buy back up to $700 million of its own shares over the next year.
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New York State's former top regulator Adrienne A. Harris has rejoined Sullivan & Cromwell as of counsel and senior policy advisor; Founders Bank appointed Karen Grau to its board of directors; Deutsche Bank's DWS Group is opening an office in Abu Dhabi; and more in this week's banking news roundup.
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Earned wage access provider EarnIn, which historically has been known for direct-to-consumer EWA, is now integrating its services with payroll providers. The move comes as consumer advocate groups step up efforts for stricter regulation of the industry.
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