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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A team of ex-First Republic private bankers hopes to serve entrepreneurs who once worked with Silicon Valley Bank.
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The National Credit Union Administration, operating with just one board member, has liquidated two credit unions that were recently put into conservatorship. The failures are the first credit union failures since Democrats on the board were fired, leaving Republican Chair Kyle Hauptman.
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In a joint letter signed by over 50 bank trade groups, leaders in the banking industry urged regulators to revise bank regulatory thresholds upward to keep up with inflation.
4h ago - Yahoo Finance Feed
Dime Community Bancshares, which has added dozens of bankers over the past two years, is now ready to consider expanding its geography.
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The conviction of a fraud ring mastermind highlights growing risks in home equity lines of credit as equity-rich borrowers become prime targets.
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The Senate passed President Trump's tax and spending bill Tuesday, but questions around Consumer Financial Protection Bureau funding, 1071 delay and remittance taxes remain as GOP leaders scramble to pass the bill out of the House before Trump's July 4 deadline.
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