Newly independent data warehousing giant Teradata wasted little time in setting out a new direction when, in its first week as a publicly traded spinoff of NCR, it inked a partnership deal to incorporate business intelligence and analytics software from former competitor SAS. The tandem offering is aimed at one of the hottest markets for financial services – business analytics to guide customer relationship management, IT planning, product development, etc.—which is frequently hobbled by duplicate or non-integrated data across various departments. SAS’ first partnership deal with a relational database is “one that will open up new opportunities for existing and future [SAS] customers,” says Jim Goodnight, CEO of SAS. Dan Vesset, a vp of business analytics for research firm IDC, says that "in-database analytics is a key development” that will help rectify the need for shifting and correlating disparate data between systems and departments.
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A bottleneck at the Small Business Administration in clearing federal small business loans because of the ongoing federal government shutdown is becoming an increasingly urgent issue for small and even some midsized banks.
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BayFirst Financial, which has reported problems with SBA loans, expects to reach an agreement with its regulators in connection with credit administration and other issues.
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A report from J.D. Power indicates that the neobank Chime gained the highest percentage of newly opened checking accounts in the third quarter of 2025.
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The court upheld the Federal Reserve Board's right to block Custodia from direct access to its payment systems. The bank is considering asking for a rehearing.
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The Tacoma, Washington-based bank, which has completed two mergers since 2023, said Thursday that it will buy back up to $700 million of its own shares over the next year.
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