MADISON, Wis. - (01/20/05) -- CUNA Mutual group said it signedwith Universal Conversion Technologies to help it with its currentdata conversion project. The credit union insurer is migrating fromtwo legacy policy administration systems to Professional DataManagement Again Inc.'s LifePRO platform. The conversion isscheduled to begin this month and be completed by June, with 32,000policies for hospital indemnity protection and hospital accidentprotection. The Life70 conversion is scheduled for completion inApril 2006 and will include 290,000 life policies.
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Federal Reserve Chair Jerome Powell said there was a "high degree of unity" among committee members during this week's Federal Open Market Committee vote. Out of 12 FOMC members, 11 voted for a 25 basis point cut.
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The Federal Open Market Committee's decision to reduce interest rates for the first time in nine months lifted bank stocks Wednesday. The 25-basis-point reduction could lead to net interest income headwinds now, but loan growth later, analysts said.
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Community Financial in Syracuse has made its biggest investment ever in an outside company, taking a $37.4 million equity stake in an insurance provider that focuses on the rental housing market.
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St. Cloud Financial Credit Union will be issuing its own stablecoin at the end of this year, becoming one of the first U.S. credit unions to do so.
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The two BNPL giants' pay-over-time loans will now be available for in-store purchases on Apple Pay in a move to capture more sales at brick and mortar stores.
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State regulator says blockchain tools are key to detecting money laundering and sanctions violations.
9h ago