REDMOND, Wash. - (02/09/05) -- Microsoft is promising significantproductivity gains and security with a new communicationsinfrastructure for web-based financial transactions. The Indigocommunication system is designed to drastically reduce code fordevelopers building reliable Web services and is scheduled for abeta release in June, with general availability in 2006.Functioning with the Visual Studio 2005 development platform andlanguages such as C# or J#, Indigo saves developers from having towrite thousands of lines code, leveraging metadata, according toMicrosoft. Indigo is built as extensions to the .Net Framework,with support planned for Windows XP, Windows Server 2003, and theproposed Longhorn version of Windows. Indigo will back theMicrosoft-driven WS-* architectures for Web servicesstandardization. WS-* is how Microsoft refers to the set of Webservices specifications that features Web Services ReliableMessaging, among others.
-  BayFirst Financial, which has reported problems with SBA loans, expects to reach an agreement with its regulators in connection with credit administration and other issues. 2h ago
-  A report from J.D. Power indicates that the neobank Chime gained the highest percentage of newly opened checking accounts in the third quarter of 2025. 3h ago
-  The court upheld the Federal Reserve Board's right to block Custodia from direct access to its payment systems. The bank is considering asking for a rehearing. 4h ago
-  The Tacoma, Washington-based bank, which has completed two mergers since 2023, said Thursday that it will buy back up to $700 million of its own shares over the next year. 5h ago
-  New York State's former top regulator Adrienne A. Harris has rejoined Sullivan & Cromwell as of counsel and senior policy advisor; Founders Bank appointed Karen Grau to its board of directors; Deutsche Bank's DWS Group is opening an office in Abu Dhabi; and more in this week's banking news roundup. 5h ago
-  Earned wage access provider EarnIn, which historically has been known for direct-to-consumer EWA, is now integrating its services with payroll providers. The move comes as consumer advocate groups step up efforts for stricter regulation of the industry. 5h ago





