Vermont State Employees CU has chosen Open Solutions, Inc., to install its relational enterprise data processing suite, The Complete Credit Union Solution (TCCUS), to handle all transactional and integration strategies for the $360-million credit union. VSECU CEO Steven Post noted the CU was advised in the process by Cornerstone Advisors, Inc. In addition to core processing, the credit union has selected to implement Open Solutions' retail and commercial Internet banking, financial accounting, loan origination processes, CRM/business intelligence and interactive voice response offerings.
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Threat group ShinyHunters claimed responsibility for the attack, which reportedly targeted third-party platforms rather than Betterment's own systems.
8h ago -
Artificial intelligence developments are stoking investor fears about software companies. Banks' limited exposure to the sector and general stability is proving attractive to investors.
8h ago -
Prosperity Bancshares finalizes the second of three acquisitions it's announced since July; Sumitomo Mitsui Banking Corporation appoints a new chief information security officer for its American operations; Huntington Bancshares, Third Coast Bancshares and Heritage Financial completed acquisitions; and more in this week's banking news roundup.
9h ago -
Fintech and crypto groups said in comment letters to the Federal Reserve that the proposed "skinny" master account is too limited and could keep firms dependent on banks. Banking groups asked for more time to comment.
10h ago -
Federal Reserve Vice Chair Philip Jefferson said in a speech Friday that long-term productivity gains brought on by artificial intelligence could compel the central bank to maintain higher rates to keep prices stable.
11h ago -
While the e-commerce giant has deemphasized the technology, banks and payment firms are testing the biometric option.
February 6





