CHANTILLY, Va. - (02/03/06) Online Resources Corp.announced Thursday it has introduced the first integrated securitysolution that will secure against invasions for both Internetbanking and electronic bill payment. The company has partnered withCyota Consumer Solutions, now a division of RSA Security, to offerintegrated risk-based authentication, anti-phishing technology andrisk management reporting which will eliminate the need for creditunions and banks to implement multiple security technologies.Online Resources clients will also join the RSA CyotaeFraudNetwork, a cross-bank online fraud repository, which allowsfinancial institutions to share fraudster profiles, and efficientlydetect and stop online banking and online commerce fraud inreal-time.
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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.
March 28