JACKSONVILLE, Fla. FIS on Thursday said it has completed the acquisition of mobile banking pioneer mFoundry.
FIS, which previously owned 22% of San Francisco-based mFoundry, acquired the remaining 78% for $120 million in cash.
Founded in 2004 and serving more than 850 credit unions and banks, mFoundry’s mobile banking solutions have become a leading platform for credit unions and banks.
The Treasury Department's General Counsel Brian Morrissey resigned his post as controversy grew over a Department of Justice settlement creating a fund to compensate for alleged victims of prosecution by the Biden administration.
Yotta marketed accounts as FDIC-insured and impossible to lose, then moved $28 million of Californians' money to a Synapse arm its own executives didn't trust.
Federal Reserve Gov. Christopher Waller said Tuesday that central bank researchers using Artificial Intelligence must follow security protocols designed to protect sensitive data.
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Select ChatGPT users can now connect their bank accounts to the AI-powered chatbot for personal money management advice based on their financial history.
Suncoast Credit Union moved from one-time identity checks to monitoring members for the life of the account. It says fraud losses fell more than a third.
