Texas Bay Area CU said it has agreed to implement Open Solutions Inc.'s The Complete Credit Union Solution core data processing system. The $163-million credit union has also purchased OSI's cView (CRM/business intelligence); e-Commerce Banker (Internet banking and cash management services); interactive voice response; imaging; loan origination systems; and financial accounting suite (including general ledger, accounts payable and fixed assets) modules.
The largest banks have increased their venture capital investments in AI startups by 21% over the past two years. They're looking to "co-shape" technology so that it meets their needs.
Cryptocurrencies and stablecoins — popular topics following the passage of the GENIUS Act — got less attention last week from big-bank CEOs.
Wells Fargo CEO Charlie Scharf said bankers and economists are broadly against lowering interest rates now, given uncertainty from the Iran war.
Banks are pushing back on the Consumer Financial Protection Bureau's draft of a five-year strategic plan, which includes a notable pullback from supervising nonbanks.
U.S. banks must navigate conflicting signals as Iran's crypto toll demands and rising pig butchering scams exploit the same stablecoin and correspondent banking rails.
The RTP rail joins FedNow and digital asset firms in the quest to add speed for cross-border settlement.
