COLUMBUS, Ohio - (04/12/05) -- Telhio CU said it has installedImprivata Inc.'s OneSign single sign-on system for its computersecurity. The system provides employees at the credit union withthe ability to quickly, affordably and securely sign on tobusiness-critical applications and reduces help-desk costs. Priorto implementation of OneSign, credit union employees were simplyasked to memorize passwords for each individual application,prompting users to select easy-to-guess passwords that grantedlittle security. Those that did not select secure passwords werefrequently contacting the help desk to reset them. Imprivata isbased in Lexington, Mass.
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Synovus Financial demonstrated at an industry conference how it is using Microsoft's Copilot to help its staff address customers' concerns.
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The U.S. arm of Spanish banking giant Santander has hired Swati Bhatia to oversee retail banking and its digital transformation efforts. Bhatia joins at "an inflection point" for the company, which aims to be "a digital bank with branches," CEO Tim Wennes said.
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Mariya Rosberg is named Americas head of banking and financial services at Marsh McLennan's Oliver Wyman unit; startup ZayZoon raised $15 million in a new funding round; and more in the weekly banking news roundup.
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Once a prominent figure spurring financial institutions to engage in cryptocurrency, Bankman-Fried's downslide began with the collapse of the digital asset exchange FTX in late 2022 and hit rock bottom with his sentencing to 25 years in prison.
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But the 30-year fixed rate mortgage is still near 7%, and that remains the overhang on the housing market, Freddie Mac said.
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