ALBUQUERQUE, N.M. - (05/05/06) State Employees CU said it hascontracted with Open Solutions Inc. to install the companysThe Complete Credit Union Solution core processing system. The $140million credit union has also contracted for OSIs cViewrelationship management tool; e-Commerce Banker Internet bankingsuite; Financial Accounting Suite; interactive voice response;consumer and mortgage loan management systems; document imaging;premium overdraft protection; and asset collection applications.The credit union operates six branches and has more than 25,000members.
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Mirroring the efforts of a number of larger institutions, Portland-based Northeast Bank plans to open a de novo branch in Bangor and renovate its seven existing branches.
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The Brazilian digital bank is bringing its services to U.S. consumers through a partnership with Lead Bank as it awaits its own final charter approval.
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Research from Cerulli Associates suggests that many RIAs have a long way to go with AI adoption while already finding possible ramifications for back-office staff.
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Regulators want firms to spot where several critical functions ride on one provider, a question the department's earlier vendor guidance did not ask.
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The digital asset and card-issuing firms are supplying the guts to enable transactions for cards and digital wallets, betting that Mastercard's ties to both firms will be attractive to banks, consumers and merchants.
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North Carolina-based First Citizens BancShares completes its acquisition of 138 branches across 11 states; City National Bank appoints Chad Lloyd senior vice president and head of RBC U.S. Mortgage; London-based payments processor Checkout.com launches its U.S. subsidiary in Georgia; and more in this week's banking news roundup.
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