Entrust, Inc. has settled its patent infringement lawsuit against Addison Avenue FCU, Palo Alto, Calif. filed in March. Entrust said that as part of the settlement agreement, Addison Avenue has agreed to license the Entrust IdentityGuard product and that the parties have agreed to dismiss their respective claims and counterclaims with prejudice. The patent infringement lawsuit was filed in the United States District Court for the Northern District of California on March 22. Entrust IdentityGuard is a multi-factor authentication platform that can help allow organizations to strengthen authentication based on their assessment of transaction risk.
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Banks maintain lists of consulting firms that they trust to help troubled commercial borrowers to fix their businesses. These specialists say they're getting more calls, especially in areas such as multifamily and CRE, from business owners who need help.
4h ago -
Nearly 15 years ago, Les Lieberman and other organizers of Porticoes Capital used a shelf charter to buy a spate of failed banks. Now they're hoping to replay the strategy.
7h ago -
The financial services company has found that engineers report higher satisfaction and save time when using a copilot to assist with coding.
11h ago -
The embedded banking services Amazon offers to third-party sellers come from the hidden hand of JPMorgan Chase's corporate payments arm, which markets its services to e-commerce platforms on a white-label basis.
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The embattled Long Island bank unveiled a turnaround plan that involves selling noncore assets and diversifying its commercial loan book. But first, it will need to sort through credit-related challenges in its large commercial real estate portfolio.
May 1 -
During this week's Federal Open Market Committee meeting, officials voted to lower the cap on the amount of Treasury securities that can roll off the central bank's books each month from $60 billion to $25 billion.
May 1