Americas

With the loan-to-savings ratio at its highest point in four decades, some CUs have limited options to boost their funding.

Under the regulation, banks and financial services providers must secure their own systems as well as implement third-party risk management programs, which can mitigate insider threats from third parties, says Michael Magrath, director of global regulations and standards for OneSpan.

A fight between Democrats and Republicans over a proposal to let the SBA’s Office of Advocacy challenge rulings made by other government agencies is threatening to hold up funding for small-business loan guarantees.

Jason S. Lee is joining the Summerville, S.C.-based institution as president and chief operating officer but he will eventually take over as CEO.

Millyard Bank is on a course to open by the end of this year.

The question of upgrading to 3D Secure 2.0 authorization will become easier for European e-commerce merchants if it proves to be a path to compliance with a provision of PSD2, the revised Payment Services Directive.

A fintech called NCS Analytics wants to analyze power-use data at cannabis businesses for banks that finance them. It says the information can help expose illegitimate activity.

Loan balances at the end of the second quarter were up by double digits from a year earlier for the Honolulu-based institution.

3Rivers Federal Credit Union in Indiana will pay about $38 million for West End Bank.

It’s not yet time to retire the notion that businesses favor checks for supply chains, but deployments in multiple markets signals a turning point in modernizing B2B payments.