MILWAUKEE - (10/01/04) -- Metavante Corp. continues itsacquisition binge with an agreement to acquire NuEdge Systems, aBrookfield, Wis., financial software and consulting firm, fromExperian, for $1.4 million in cash. The deal is the fifth so farthis year for Metavante, a wholly owned unit of bank holdingcompany Marshall & Ilsley. The president of NuEdge is DonaldLayden, former chief financial officer for Metavante. NuEdgespecializes in customer relationship management software. Earlierthis year Metavante acquired the NYCE Corp. electronic fundstransfer network; Advanced Financial Solutions (AFS) and itsEndpoint Exchange national check clearing network; the KirchmanCorp.; and Response Data Corp., a provider of credit cardtechnology.
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The central bank extended the deadline for comments on Regulation O by one month, to Nov. 4.
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The Brazil-based digital bank, which recently launched a U.S. business, submitted an SEC filing to stop the spread of misinformation.
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The bank-owned payments company has been developing an interoperable payments network that will allow banks to clear and settle tokenized deposit transactions. It's targeting an early 2027 launch for the network, and is working toward an atomic future thanks to bank demand.
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More states are providing funding to community development financial institutions, which are contending with hostility from the Trump administration and challenges from high interest rates.
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Chicago-based Northern Trust has started its search for a new CFO as David Fox plans to retire in March; the American Fintech Council has been appointed as an observer on the Conference of State Bank Supervisors' newly formed nonbank industry advisory; Wells Fargo has hired JPMorganChase investment banker David Harkin to advise on technology deals, and more in this week's banking news roundup.
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A proposal is meant to ensure advisors can trade client assets on a discretionary basis without triggering onerous custody requirements, while also giving them a self-custody option for crypto.
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