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Bank information technology departments are tasked with making sure their institutions modernize and remain competitive. But their mission brings a host of technical and cost challenges that often stand in the way of innovation.
February 19
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Amazon will need to synchronize information collected across weight sensors, GPS, payments systems and surveillance to ensure critical data efficiently flows between the necessary systems with minimal latency, writes Keith McAuliffe, general manager for the financial services sector at Solace.
February 19
Solace -
The CFTC will pay the award for tips received from one person in the case, in which the bank didn’t properly disclose that it was steering asset management customers into investments that would be profitable for the bank.
February 16
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A bipartisan bill to establish a federal security framework follows a string of efforts beset by congressional turf battles.
February 16
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The card activation process is relatively low-tech, but since its introduction nearly three decades ago it has been hugely effective in preventing credit cards from falling into the wrong hands. Among its pioneers was Ash Gupta, American Express’ president of global credit risk, who is retiring next month.
February 16
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A new initiative from the Filene Research Institute could allow CUs to loan executives with specialized skills to other institutions that need their expertise.
February 16
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U.S. Bank's $600 million fine for AML lapses quickly drew readers attention, while acting CFPB Director Mick Mulvaney got the Cordray treatment on Capitol Hill and big banks made moves to speed real-time payments.
February 16
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The credit union is testing 130 cards with employees for 45 days
February 16
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Huber has spent 30 years at the credit union, overseeing growth from $3.5 million in assets to more than $18 million today.
February 16
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Democratic lawmakers are objecting to acting CFPB Director Mick Mulvaney's decision to strip the fair-lending office of enforcement powers.
February 16
