PASADENA, Calif. – Wescom CU announced yesterday is has signed with AT&T to provide it with a primary private global voice and data network, and a new Multiprotocol Label Switching-based disaster recovery network. The MPLS network will transport all mission-critical financial data from Wescom’ s 47 remote branches to the credit union’s newly constructed operations center in Anaheim in the event of an emergency or disaster. The deal renews and expands a long-standing relationship between the two companies.
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Lendistry, one of the nation's fastest-growing SBA 7(a) lenders, is getting a $25 million infusion from TD's community development arm.
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The fintech, which powers debt collections for banks and credit unions, received a "strategic investment" from Vista Equity Partners to expand into agentic AI.
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Bankers face a "critical limitation" due to the vast number of oversight agencies and institutions, like social media companies and telecom institutions, that a fraudster might touch on their way to scam a consumer.
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The payments company has used an acquisition of digital asset firm Bridge to gain ground, reminiscent of how fintechs have honed in on banks' payment turf for years.
September 18 -
President Donald Trump asked the Supreme Court to reverse a lower court ruling allowing Federal Reserve Gov. Lisa Cook to remain in office pending the outcome of her lawsuit challenging Trump's move to fire her late last month.
September 18 -
The Toronto-based bank named Rahul Nalgirkar as incoming finance chief. Nalgirkar, who joined BMO in 2022 from Fifth Third, will succeed the retiring Tayfun Tuzun, who came to BMO in 2020 after working at Fifth Third.
September 18