NAFCU Services Corp., the NAFCU-owned CUSO, has selected Pentegra Retirement Services as its preferred provider for qualified retirement plans, like 401 (k) plans and other defined benefit plans. Pentegra, based in White Plains, N.Y., has over $3 billion in Employee Retirmenet Income Security Act-qualified assets under management and serves more than 500 financial institution sponsors. The 60-year-old company provides a wide variety of retirement products including 401 (k), KSOP, ESOP and Defined Benefit Pension and Profit Sharing plans.
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During cybersecurity awareness month (October), financial institutions have ramped up education on phishing, fraud and cyber hygiene. Here's what they're saying.
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PNC CEO Bill Demchak said Wednesday that regulatory processes and enforcement actions take up half of the time that the company's board spends together. Those rules are on deck for a makeover.
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Amid a surge in bank mergers, Citizens CEO Bruce Van Saun said the Providence, Rhode Island-based bank is largely focused on organic growth. "It would have to be a pretty high bar for us to go down that path," he said.
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New research from American Banker finds that financial institutions are asking about ROI, infrastructure costs and compliance burdens.
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America's second-largest bank revised its net interest income target upward after what analysts called a "clean" third quarter.
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Mastercard has added an "agentic cloud" to speed deployment, while Visa has issued a protocol to help AI agents communicate. That and more in American Banker's global payments and fintech roundup.
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