JOHNSTON, Iowa – EFT Network SHAZAM announced yesterday it has signed with TriCipher to implement the company’s TACS multi-factor authentication platform for the standard for its 1,600 participating financial institutions, including about 500 credit unions. TriCipher will protect both institutions and members against online security threats and phishing attacks and will ensure that non single institution can access another institution’s database. As part of the platform, SHAZAM has integrated Computer Associates’ SiteMinder application into its authentication system, allowing credit unions and banks to manage their own set-up, access and control settings.
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The central bank extended the deadline for comments on Regulation O by one month, to Nov. 4.
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The Brazil-based digital bank, which recently launched a U.S. business, submitted an SEC filing to stop the spread of misinformation.
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The bank-owned payments company has been developing an interoperable payments network that will allow banks to clear and settle tokenized deposit transactions. It's targeting an early 2027 launch for the network, and is working toward an atomic future thanks to bank demand.
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More states are providing funding to community development financial institutions, which are contending with hostility from the Trump administration and challenges from high interest rates.
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Chicago-based Northern Trust has started its search for a new CFO as David Fox plans to retire in March; the American Fintech Council has been appointed as an observer on the Conference of State Bank Supervisors' newly formed nonbank industry advisory; Wells Fargo has hired JPMorganChase investment banker David Harkin to advise on technology deals, and more in this week's banking news roundup.
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A proposal is meant to ensure advisors can trade client assets on a discretionary basis without triggering onerous custody requirements, while also giving them a self-custody option for crypto.
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