RSA Security Inc. is acquiring Cyota, Inc., a privately held New York-based start-up that provides online security and anti-phishing solutions for credit unions and other businesses. The total purchase price is $145 million. RSA said the deal will allow it to become the first to market with a risk-based online authentication approach. This approach will allow customers to choose from a range of authentication techniques-from life questions, watermarking and anomaly detection to digital certificates, tokens and smart cards-depending on the risks posed and the desired convenience.
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Three months after the merger of equals between Pinnacle Financial Partners and Synovus Financial was completed, the company reported strong hiring trends. Executives say hiring success is key to the bank's growth strategy.
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The Justice Department recategorized state and federally approved cannabis products from Schedule I to Schedule III, a move that falls short of full legalization but could ignite renewed interest from banks and credit unions in servicing state-legal cannabis businesses.
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The Columbus, Ohio-based company added to its cash hoard as a cushion against any economic dislocation connected to the conflict in the Middle East. The move narrowed Huntington's expected net interest margin for 2026.
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The company reached an inflection point for loan growth and posted its sixth consecutive quarter of improving credit. But CFO Perry Beberman cautioned that higher fuel prices and depressed consumer sentiment could eventually pressure its outlook.
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A decline in Middle East travel and higher fuel prices should not put a major dent in the company's performance, execs said Thursday.
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The Charlotte-based bank is hoping to bring request for payment technology into the mainstream. Early Warning sees bill pay as another use case to expand its payment network beyond its peer-to-peer roots.
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