Fiserv is marking its 20th anniversary with a program offers college scholarships to the children of its employees. Called the Fiserv Scholarship Program, the plan will award 20 scholarships a year based on a combination of academic performance, financial need, leadership, work experience, and career and educational goals. "We have worked hard since our founding in 1984 to continue the education of our employees-whether in our own classes or in university courses," said CEO Leslie M. Muma. Fiserv was formed in 1984 through the combination of Sunshine State Systems of Tampa, Florida, and First Data Processing of Milwaukee, with $21 million in revenue. Today it has $2.7 billion in revenue and more than 21,000 employees.
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Emerging forms of artificial intelligence are moving so fast, traditional IT training isn't an easy fit. New research from American Banker shows how banks are handling training.
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Federal Reserve Vice Chair Philip Jefferson said in a speech Tuesday that despite positive employment readings in recent months, he remains concerned that an economic shock could still threaten the labor market.
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Santander U.S. and Webster Financial are doing integration work in advance of their pending merger, including naming business-line leaders, the banks said in separate notes.
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The FDIC board voted unanimously to issue a proposal putting a rebuttable ban on bank-issuers paying yield on stablecoins, another narrowing AML requirements and a third prohibiting examiners using reputational risk in exams, outside of operational or financial risks.
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The neobank is rolling out Chime Prime, a new membership service that rewards customers for making Chime their primary bank account.
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The Minneapolis-based company plans to leverage the arrangement to draw more attention to its growing list of national business lines, transcending its regional reputation.
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