CORPUS CHRISTI, Texas -- Navy Army FCU said it has signed Fiserv's LynxGate Solutions to implement its CAT ATM management suite and bring its ATM operations in-house. LynxGate's CAT product will allow the $415 million credit union to personalize messaging, design screens, balance and track down ATM issues quickly at its growing fleet of 12 ATMs. CAT operates on a Windows 2003 server and features a relational database and web-user interface. Navy Army FCU plans to install the CAT suite in August. Separately, Navy Army FCU said it has signed with Identity Theft 911 to offer the company's identity theft prevention and resolution service free to its members.
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Synovus Financial demonstrated at an industry conference how it is using Microsoft's Copilot to help its staff address customers' concerns.
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The U.S. arm of Spanish banking giant Santander has hired Swati Bhatia to oversee retail banking and its digital transformation efforts. Bhatia joins at "an inflection point" for the company, which aims to be "a digital bank with branches," CEO Tim Wennes said.
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Mariya Rosberg is named Americas head of banking and financial services at Marsh McLennan's Oliver Wyman unit; startup ZayZoon raised $15 million in a new funding round; and more in the weekly banking news roundup.
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Last year, the Raleigh, N.C.-based Integrated called off a deal to sell itself to MVB Financial after bank stocks took a hit in the aftermath of the regional bank failures. Capital hopes to expand its government-guaranteed lending with the transaction.
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Once a prominent figure spurring financial institutions to engage in cryptocurrency, Bankman-Fried's downslide began with the collapse of the digital asset exchange FTX in late 2022 and hit rock bottom with his sentencing to 25 years in prison.
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But the 30-year fixed rate mortgage is still near 7%, and that remains the overhang on the housing market, Freddie Mac said.
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