ALBANY, N.Y. - (07/27/04) -- On the first day after converting toa new web-based loan application solution, the $1.2-billion SEFCUhere reported it approved more than $3 million in loans formembers. The service follows conversion by the credit union to anew solution provided by ULTRADATA, built on a UNIX-basedHewlett-Packard 9000 rx5670 system and jBASE database managementsystem, with capabilities for 24/7 processing, online transactionjournaling, and hot standby. SEFCU has also invested in othercompatible services from ULTRADATAs parent, HarlandFinancial Solutions, including the TouchĚ memberrelationship management solution, INTERLINQ E3 mortgage loanproduction and servicing platform, and Laser Pro business loanorigination solution.
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As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
July 4 -
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.
July 3 -
A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
July 3 -
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.
July 3 -
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.
July 3 -
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.
July 3