Synergent, a subsidiary of the Maine Credit Union League, has converted two more Maine credit unions to its new Episys Technology platform. The latest credit unions converted were Orono, Maine-based University Credit Union ($150 million) and Bangor-based EMMC Federal Credit Union ($33 million). Synergent's Technology Services has now converted 18 credit unions to the new platform since August 1, 2004. Because of the holidays, Synergent has no conversions scheduled for December but resumes on Jan. 1, 2006 when the state's third largest credit union, Maine Savings Federal Credit Union, converts to the new system after selecting Synergent as its new technology services partner last February.
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JPMorganChase wants to expand its digital bank offerings to three more European countries, according to a new Financial Times report; M&T Bank Corp. elects Jerry Jacobs Jr. to the board of directors of both its parent and banking subsidiary; Citizens Financial Group names Chris Emerson as head of investor relations; and more in this week's banking news roundup.
June 19 -
Banks that don't embrace embedded payments now risk losing out to more nimble rivals in the near future.
June 19 -
Anthropic's head of banking told New York Banking Summit attendees that the future is agents that operate autonomously alongside employees.
June 19 -
Chair Travis Hill said SVB showed banks can't always sell securities fast enough to cover deposit outflows, but acknowledged the "stigma problem" with discount window borrowing remains unsolved.
June 18 -
At a conference in New York, Joseph Otting reflected on the difficult hiring decisions he made early in his tenure heading Flagstar Bank, which just two years ago was on the verge of collapse.
June 18 -
Back-office automation fintech BILL Holdings is using JPMorgan Payments white-label digital wallet to subledger its own clients' accounts. Reconciling client payments for BILL's corporate card, the BILL Divvy Card is the company's first use case.
June 18








