BROOKFIELD, Wis.. - (04/12/05) -- Fiserv said its GalaxyPlus unit hassigned three new credit unions to its core processing system. Thethree are: Flint Area Schools Employees CU, Community Service CU,and OPCS FCU. The three credit unions will utilize Galaxy's coreprocessing system as well as its NetBranch home banking solution,Paperless Document Capture solution, and Member Relationship Plusmember communication system.
Fintech lenders are positioned to help businesses navigate the latest round of global tariffs announced by President Trump, even as the volatility causes overall decreases in loans.
Markets were bracing for the chaos of a regional war; banks may be the target of sophisticated cyberattacks, experts warn.
The financial advisory firm initially sought an industrial loan charter back in 2020. It's the third company to receive the necessary approvals this year, joining General Motors and Ford.
Though changes to bank capital rules previewed by Federal Reserve Vice Chair for Supervision Michelle Bowman in February are being viewed as welcome, experts say other more significant hurdles — not all of them regulatory — are keeping banks on the sidelines of mortgage servicing and lending.
The proposed national trust charter company would be a wholly owned subsidiary of Morgan Stanley. The application was filed on Feb. 18.
Fulton Financial received the necessary approvals to acquire Blue Foundry Bancorp; JPMorgan hired two Bank of America health care veterans while shuffling leadership; Mizuho Financial Group has plans to replace about 5,000 administrative jobs with artificial intelligence over the next 10 years; and more in this week's banking news roundup.
