Open Solutions Inc. announced that Newburgh, Ind.-based Heritage FCU and Bettendorf, Iowa-based R.I.A. FCU plan 2006 migrations to Open Solutions' enterprise-wide core data processing platform, The Complete Credit Union Solution(r).
The credit unions will also implement several other Open Solutions' complementary applications. Open Solutions is a provider of integrated enabling technologies for financial institutions across the United States and Canada.
For info: www.opensolutions.com.
The top five banks and thrifts have combined total assets of nearly $13 trillion.
A new Citizens Bank survey suggests rising check-fraud incidents are driving middle-market companies to accelerate plans to fully adopt digital payments. But 70% of all businesses will continue to rely on checks for years to come, according to recent data from the Association for Financial Professionals.
After several quarters of slumping investment banking and trading fees, the Charlotte, North Carolina-based company reported a big uptick from that division, which helped compensate for a large decline in net interest income.
The Federal Reserve's Office of the Inspector General says the Fed has yet to fulfill 65 recommendations, and also identified 18 outstanding issues at the Consumer Financial Protection Bureau.
The bank will use biometric authentication to streamline checkout in stores starting in 2025. It has already completed internal and external pilots of the technology.
Banks reported nearly $27 billion had been tied up in scams or theft against elderly people in a recent 12-month period, according to a report from the U.S. Treasury.
