MADISON, Wis. - (03/22/06) -- LoanLink Center announced Monday ithas signed with eGain Communications Corp. to install the company'seGain KnowledgeAgent and eGain Mail systems to better route, trackand resolve consumer inquiries. LoanLink Center is contact centeroutsourcer developed by CUNA Mutual Group and APPRO Systems thatprovides online lending services to 400 credit unions. eGainonDemand will allow the LoanLink enter to reduce the costs ofoperation and partition the member data of the 400 credit unions,while allowing agents to share common parts of the database acrosscredit unions. CUNA Mutual is the majority owner of the LoanLinkCenter and more than 30 state credit union leagues own minorityshares.
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The combination of two Pacific Northwest banks was supposed to create a regional powerhouse, but rising deposit costs have stung. CEO Clint Stein says he's "laser-focused" on making Columbia a top performer again.
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A set of panels discussing minority depository institutions and digitization found that cost is a significant challenge to minority depository institutions, especially in the core processing space.
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The Federal Reserve, Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency issued a 30-page guidebook on managing affiliate risks. The report builds on formal guidance issued last year.
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The efforts, which respond to President Biden's October executive order on AI, aim to improve synthetic content detection and improve the trustworthiness of AI models.
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Tighter merchant connections between Square and Cash App helped Block produce stronger-than-expected results during the first quarter, while Jack Dorsey said the firm will launch its first remittance product later this year leveraging decentralized finance.
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In talks with OCC officials, "it became obvious that we would not gain near-term approval given their recent experience with multifamily and CRE positions," FirstSun CEO Neal Arnold says. The companies announced other revisions to their deal, too.
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