GLASTONBURY, Ct. - (04/04/06) -- Open Solutions Inc. said two morecredit unions have agreed to migrate to its core data processingsystem, The Complete Credit Union Solution. Heritage FCU, ofNewburgh, Ind., will outsource the core processing system and plansto go live in August. The $300 million credit union has alsocontracted for OSI's financial accounting suite (including generalledger, accounts payable and fixed assets); mortgage originationand servicing; the safe deposit box leasing system; premiumoverdraft; the construction module of the commercial loanmanagement system; and cView (CRM/business intelligence). RIA FCU,of Bettendorf, Iowa, with $185 million in assets, has signed forOSI's e-Commerce Banker (Internet banking and cash management);financial accounting suite; consumer loan management; mortgagemanagement; safe deposit leasing system; premium overdraft; cView;real-time ATM processing; and electronic image/itemprocessing.
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House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
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A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
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Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
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Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
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In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp's AI Advisor product.
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The Federal Reserve has banned a Wyoming bank employee from the banking industry for embezzling more than $30,000 from a charity.
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