COUNTRYSIDE, Fla. - (01/18/05) -- Members at Eastern Financial FloridaCU will be able to talk with their teller on a 10-inch video screenand exchange transactions via pneumatic tube like drive-thrucustomers--but just not live in the credit union's newest high-techbranch. Aimed at deterring robberies, while improving efficiency,the $1.6 billion credit union is installing the virtual system,known as Xpress Teller, at new branches across the state. TheCountryside branch, one of 17 area financial institutions robbedlast year, also features other high-tech amenities, including anInternet Cafe for online banking and access to the safe depositboxes via biometric handprint-recognition technology.
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The bank is launching KeyVAM, a virtual account management offering it designed with fintech Qolo. Both companies said the nature of the relationship was as important as the technology it produced.
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The top five bank holding companies have combined total credit card loan portfolios of more than $705 billion.
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Harmonizing standards for liquidity coverage ratios and discount window pledges could prevent the type of strains that led to last year's bank failures, according to a new paper whose authors include former Federal Reserve Govs. Dan Tarullo and Jeremy Stein.
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Ally Financial ended a six-month search for its next chief executive by hiring Discover CEO Michael Rhodes. The move adds a new wrinkle to Discover's pending sale, though Discover said that Rhodes hadn't been expected to have a long-term role at Capital One following the merger's completion.
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The report seeks to help banks "disrupt rapidly evolving AI-driven fraud," according to Treasury's Nellie Liang. The report found banks have difficulties accounting for AI risks.
March 27 - Yahoo Finance Feed
The banking giant has launched an online platform that links small-business owners and entrepreneurs in need of capital to community development financial institutions. The platform was developed in partnership with Community Reinvestment Fund USA.
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