BEDFORD, Mss. - (12/06/05) -- RSA Security Inc. announced Mondayit has agreed to acquire Cyota, Inc., a privately held NewYork-based start-up that provides online security and anti-phishingsolutions for credit unions and other businesses. The totalpurchase price is $145 million. RSA said the deal will allow it tobecome the first to market with a risk-based online authenticationapproach. This approach will allow customers to choose from a rangeof authentication techniques--from life questions, watermarking andanomaly detection to digital certificates, tokens and smartcards--depending on the risks posed and the desiredconvenience.
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Santander U.S. and Webster Financial are doing integration work in advance of their pending merger, including naming business-line leaders, the banks said in separate notes.
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The FDIC board voted unanimously to issue a proposal putting a rebuttable ban on bank-issuers paying yield on stablecoins, another narrowing AML requirements and a third prohibiting examiners using reputational risk in exams, outside of operational or financial risks.
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The neobank is rolling out Chime Prime, a new membership service that rewards customers for making Chime their primary bank account.
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The Minneapolis-based company plans to leverage the arrangement to draw more attention to its growing list of national business lines, transcending its regional reputation.
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Swiss banking giant UBS tried to get a federal court to reject new allegations that Credit Suisse, which UBS acquired in 2023, had concealed Nazi-linked assets.
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Jamie Dimon said the revised Basel III plan still overstates risk and penalizes the largest banks.
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