ULTRADATA, a unit of the Atlanta-based Harland Financial Solutions, has gone live with with its first Microsoft Windows 2000 version of its data-processing system at the University of Hawaii FCU. The company said its system is one of the only systems dedicated to credit unions that provides a core-processing host able to run on either UNIX or Windows2000. "With this cross-platform innovation, a credit union can switch between platforms without changing systems-or having to worry about its data," said Jim Berthelsen, vice president and general manager of Harland Financial Solutions' Integrated Host Processing division. ULTRADATA said the new Windows 2000 version provides a full deployment of the functionality developed over 20 years for the popular UNIX version, which currently serves more than 400 credit unions. It is also the first deployment of the ULTRADATA host on an Intel-based server using jBASE data management software. Previously, the host only supported proprietary UNIX platforms. For info: www.harland.com.
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Former Federal Reserve Vice Chair for Supervision Randal Quarles, who served during President Trump's first term, said members of the Fed board should be removable by the president, but that the decentralized structure of the Fed will ensure that monetary policy decisions remain sound.
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The tokenization platform provider, which has a nonbinding agreement with NYSE and is aiming for a public debut, promoted former SEC Trading and Markets Director Brett Redfearn to the role.
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Deutsche Bank is raising the base pay of Supervisory Board Chairman Alexander Wynaendts by 21%, Wells Fargo has hired Neil Ghosh as head of chemicals investment banking, Bank of America's Alexandre Bettamio is being considered for chief executive officer of Brazilian stock and derivatives exchange B3 SA, and more in this week's banking news roundup.
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The White House Office of Management and Budget will issue paperwork allowing the Treasury Department to disburse congressionally appropriated funds through the Community Development Financial Institutions Fund, breaking an impasse that has stalled funding for months.
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The industry reported $275 million in losses from internet crimes last year, a 59% annual increase as losses nationwide surpassed $20 billion.
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In a strategic shift, the Walnut Creek-based company has tapped a trio of former PacWest executives to fill its top three management positions.
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