ATLANTA -- John H. Harland Co. said Tuesday its Harland Financial Solutions unit has integrated Interthinx's DISSCO fraud detection and prevention system with its INTERLINQ E3 mortgage lending solution. The DISSCO system, for data integrity and score system, will provide Harland Financial's customers with automated fraud protection and detection at the point-of-sale, enabling them to increase approval decision output and better manage risk. Loans are instantly submitted to DISSCO for automatic screening for potential mortgage fraud.
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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.
September 17 -
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.
September 17 -
St. Cloud Financial Credit Union will be issuing its own stablecoin at the end of this year, becoming one of the first U.S. credit unions to do so.
September 17 -
The two BNPL giants' pay-over-time loans will now be available for in-store purchases on Apple Pay in a move to capture more sales at brick and mortar stores.
September 17 -
State regulator says blockchain tools are key to detecting money laundering and sanctions violations.
September 17