GLASTONBURY, Ct. - (04/07/05) -- Open Solutions Inc. said it hascontinued its acquisition spree, which has included seven corporatedeals over the last 15 months, with an agreement to acquireSOSystems. SOSystems is a provider of core data processing andsupport services for 120 credit unions. Under terms of theagreement, Open Solutions agreed to pay $11 million in cash.SOSystems will become part of Open Solutions' Core Systems Groupand will continue to be based in Orem, Utah.
Governor Gavin Newsom announced the swearing in of Rohit Chopra as secretary of the California Business and Consumer Services Agency, Amalgamated Bank of Chicago promoted Cherie Duve to executive vice president and chief legal officer, Ramon M. Rodriguez joins USCB Financial Holdings and U.S. Century Bank as an independent director, and more in this week's banking news roundup.
The Open Standard consortium understands what makes a stablecoin valuable isn't how digital it is, but how ubiquitous it is
Low daily, weekly and monthly Zelle limits can cause users to switch to other payment networks, raising the ante for banks to find solutions.
A tour of the technology that banking has run on, dating back to Franklin's anti-counterfeit measures and the bank-note bulletin that preceded American Banker.
Sen. Elizabeth Warren, D-Mass., is asking President Trump's son Eric if he plans to refile a lawsuit against Capital One Financial for allegedly "debanking" hundreds of Trump Organization accounts. The letter follows President Trump's nomination of a Capital One executive to lead the Consumer Financial Protection Bureau.
The fintech sponsor bank plans to offer digital asset services.
