CANTON, Ohio - (02/28/05) -- Diebold said it has teamed withScanSoft, a leader in speech and imaging solutions, to offerspeech-enabled ATMs. The machines, which are aimed at serving thevisually impaired, will use voice to guide users through theirtransactions. ScanSoft's RealSpeak software will help usersnavigate their transactions, from simple requests like accountbalances, to deposits and cash withdrawals. It will also alert themto any errors that may have occurred during the transaction. Thesoftware will be coupled with Diebold's new Optiva family of ATMs.ScanSoft is based in Peabody, Mass.
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Andrew Foster, the bank's chief data officer, explained how he has been instilling data discipline across the organization and making the bank's data AI-ready.
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The Office of the Comptroller of the Currency will announce Senior staffers overseeing large, regional and community banks early next month, apparently reversing the unified approach to supervision it implemented earlier in the year.
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Acting CFPB Director Russ Vought has managed to neuter the Consumer Financial Protection Bureau through a series of actions. Senate Banking Committee Chairman Tim Scott, R-S.C., played a major role by cutting funding in half.
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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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