HEATH, Ohio - (03/24/06) -- Hopewell FCU said it used Verdi& Co., a consultant subsidiary of Diebold Inc., to find thebest location for its newest branch. Verdi uses Pointrac, an onlinedecision support tool for site evaluation and expansion planning.Financial institutions provide the system with a street addressthat represents current facility locations or expansion sites underconsideration and Pointrac gives users a profile ofcharacteristics, such as demographics, for that location andsurrounding area that will help the institution meet its goals andobjectives. Verdi's Pointrac analysis convinced executive atHopewell FCU to construct a 2,500 square-foot branch in Newarkrather than buy an existing 1,750 square-foot building from anotherfinancial institution.
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The bank is accusing its fintech rival of racketeering for raiding its offices across nine states and stealing an untold amount of confidential information.
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Mirroring the efforts of a number of larger institutions, Portland-based Northeast Bank plans to open a de novo branch in Bangor and renovate its seven existing branches.
September 11 -
The Brazilian digital bank is bringing its services to U.S. consumers through a partnership with Lead Bank as it awaits its own final charter approval.
September 11 -
Research from Cerulli Associates suggests that many RIAs have a long way to go with AI adoption while already finding possible ramifications for back-office staff.
September 11 -
Regulators want firms to spot where several critical functions ride on one provider, a question the department's earlier vendor guidance did not ask.
September 11 -
The digital asset and card-issuing firms are supplying the guts to enable transactions for cards and digital wallets, betting that Mastercard's ties to both firms will be attractive to banks, consumers and merchants.
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