NCR Corp.'s data service division signed a number of contracts to provide processing services. Among them: the $100 million-asset Elgin (Ill.) State Bank; the $300 million-asset Atlantic Federal Bank in Baltimore; the $110 million-asset Bank of Coral Gables in Florida; the $300 million-asset First Federal Savings Bank in Anderson, S.C.; the $75 million-asset First National Bank in Spencer, W. Va.; the $48 million-asset First Southern Bank in Boca Raton, Fla.; the $35 million-asset Wonder Lake (Ill.) State Bank; the $20 million-asset Imperial Savings and Loan in Martinsville, Va.; and the $52 million-asset Pioneer Savings and Loan in Newport Beach, Calif. The contracts ranged in value from $480,000 to $78,000.
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Threat group ShinyHunters claimed responsibility for the attack, which reportedly targeted third-party platforms rather than Betterment's own systems.
February 6 -
Artificial intelligence developments are stoking investor fears about software companies. Banks' limited exposure to the sector and general stability is proving attractive to investors.
February 6 -
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.
February 6 -
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.
February 6 -
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.
February 6 -
While the e-commerce giant has deemphasized the technology, banks and payment firms are testing the biometric option.
February 6





