Category: Financial institution

MERIDEN — Hugo Aceves has been working with concrete for more than 30 years. He left his family farm in San Juanito Escobedo, Mexico and moved to Wallingford in 1992, … Read More

Odyssey will disrupt the national transfer agent and trust company space, controlled so far by only two players – Computershare and TMX Group /EIN News/ — CALGARY, Alberta and TORONTO, … Read More

Fogo Island has been without a bank since August, and residents are clamoring for another. (Patrick Morell/CBC) Fogo Island has been bankless since August and residents are calling for a … Read More

By David J. Oberly, Biometric Privacy and Data Privacy Advocate For nearly four years now, Illinois’ Biometric Information Privacy Act (BIPA) has maintained the position of the nation’s hottest class … Read More

Webinar | CPRA is on the way: what your financial institution needs to do | Donelson Baker … Read More

Firmbee/Pixabay The financial sector is the largest political donor to American politics, but the opinions expressed within it are not always what you think. Open Secrets, which tracks money in … Read More

The financial sector is the largest political donor to American politics, but the opinions expressed within it are not always what you think. Open Secrets, which tracks money in politics, … Read More

(Alliance News) – GRC International Group PLC announced on Monday that it has signed a three-year contract with an unnamed South Asian financial institution. GRC International is a governance, risk … Read More

Pictured: CEO and Founder of Moneybase, Alan Cuschieri, receiving the award for Best Financial Institution Moneybase won the Best Financial Institution award at the Malta Business Awards held on Friday … Read More

October 31, 2022 Cadwalader, Wickersham & Taft LLP To print this article, all you need to do is be registered or log in to Mondaq.com. The UK Advertising … Read More

EFG Hermes Holding, an impact-focused universal bank in Egypt and the leading investment banking franchise in frontier emerging markets (EMFs), today announced that its investment bank has become the leading … Read More

EATONVILLE, Florida. – Dozens of people came to historic Eatonville Saturday morning to witness more history in the nation’s oldest black incorporated municipality. It was a community festival with live … Read More

Abu Dhabi, UAE: Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, today announced that it has been named the safest bank for 2022 by New York-based trade publication … Read More

Legal disclaimer You are responsible for reading, understanding and agreeing to the National Law Review (NLR) and National Law Forum LLC Terms of Use and Privacy Policy before using the … Read More

Reference Guide: The ENABLERS law: is included in the National Defense Authorization Act for Fiscal Year 2023 that was passed by the House – the same legislative vehicle used to … Read More

Guaranty Trust Bank (GTBank) appears to have become the financial institution of choice for fraudsters, as they target account holders at the bank run by Miriam Olusanya, the chief executive. … Read More

A cyber attack on an Australian financial institution is inevitable, admits the outgoing chairman of the sector regulator, because the risks are only increasing. Australian Prudential Regulation Authority chairman Wayne … Read More

Over the past decade, traditional financial institutions (FIs) have been unable to make the most of emerging opportunities in online markets, ultimately causing them to lose ground to card providers … Read More

The credit score solution for digital banking platforms will focus on improving the customer experience as we approach the 1,000th customer milestone. PLEASANTON, Calif., October 6, 2022 /PRNewswire/ — MoneySavvya … Read More

EQ will continue to provide detailed analytics and other acquisition strategies TORONTO, ON/ACCESSWIRE/October 6, 2022/ EQ Inc. (TSXV: EQ) (“EQ Works” or “EQ”), a leader in software focused on geospatial … Read More

The San Antonio-based Security Service Charitable Foundation, the charitable arm of the Security Service Federal Credit Union, donated $2,500 to Catholic Charities of San Antonio to help provide ventilators, food … Read More

360fi merges proven industry data and insights with innovative technology automation to enable financial institutions to make more informed business decisions TAMPA, Florida., October 4, 2022 /PRNewswire/ — Engage fi … Read More

Sapiens’ CoreSuite for Life & Annuities, together with its DigitalSuite solution, will innovate the sale of life insurance through an exciting new sales channel RALEIGH, North Carolina, September 22, 2022 … Read More

The government is considering a proposal to grant “development finance institution” (DFI) status to REC Ltd, a CPSE in Navratna under the Ministry of Energy. It aims to enable the … Read More

State-owned power sector finance company REC Ltd said on Saturday the government was considering a proposal to grant the company development finance institution status. REC Limited, under the Ministry of … Read More

The Department of the Air Force recognized Travis Air Force Base Armed Forces Bank as “Distinguished Bank of the Year”. The Armed Forces Bank was honored for its innovation in … Read More

Travis Air Force Base Armed Forces Bank was named “Distinguished Bank of the Year” by the Department of the Air Force. The financial institution won the designation, which recognizes local … Read More

On Saturday, Housing Minister Amit Shah focused Rahul Gandhi on the ‘Bharat Jodo Yatra’, saying the Congress leader once said India was not a country and now he was ready … Read More

The Central Bank of Nigeria (CBN) has said it will onboard more farmers and commodity associations in Ogun State to benefit from its Anchor Borrower Scheme … Read More

Chandler, Ariz., September 7, 2022 /PRNewswire/ — DBSI, a local designer-builder of corporate headquarters and branches for banks and credit unions, celebrated National Dog Month by donating Bubba Bites pet … Read More

MONTREAL, September 6, 2022 /CNW Telbec/ – As of September 6, 2022, all new annuities purchased from Desjardins will automatically be invested in investments that meet strict environmental, social and … Read More

A HIIT session at the Chattanooga Fitness Club CHATTANOOGA, TN, USA, Sept. 2, 2022 /EINPresswire.com/ — After three years of successful operation, a special effort is underway to restock food … Read More

A Queens man who lost his home in a mortgage scam is about to be evicted from the home he’s lived in for most of his life. Johnnie Jackson, 64, … Read More

Up to 200 alumni of Babasaheb Bhimrao Ambedkar University (BBAU), Lucknow crowded the campus throughout the school’s alumni reunion-2022 on Saturday. On occasion, a cycle bank was also inaugurated to … Read More

The firm comprises approximately 40 financial advisors, who collectively manage approximately $5 billion in brokerage and advisory assets(1) SAN DIEGO, Aug. 26, 2022 (GLOBE NEWSWIRE) — LPL Financial LLC today … Read More

LPL Financial Holdings, Inc. The firm comprises approximately 40 financial advisors, who collectively manage approximately $5 billion in brokerage and advisory assets(1) SAN DIEGO, Aug. 26, 2022 (GLOBE NEWSWIRE) — … Read More

Today, KBC Group has become the first financial institution in Belgium to issue a social bond. This first issue was reserved for … Read More

Development finance institution: Development Finance Institution (DFI) is an institution that finances development projects on a non-commercial basis, which may or may not meet commercial performance standards. Development finance institutions … Read More

These days, AMP is a small cap trying to sell a turnaround story with a business model abandoned by every other local financial institution except the Macquarie Group. Only AMP … Read More

Bank and credit union CEOs report on business opportunities and challenges in annual survey MONET, Mo., August 10, 2022 /PRNewswire/ — Jack Henry™ (NASDAQ: JKHY) today announced the results of … Read More

PayBito is expanding its reach to the Land of the Rising Sun, offering a variation of its flagship crypto-banking solutions to a renowned Japanese financial institution. PALO ALTO, Calif., August … Read More

Seattle Credit Union celebrated the opening of its first branch in Tacoma on Tuesday. The new location is in the Salishan Ward Family Investment Center, 1724 E. 44th St., which … Read More

CHARLESTON, WV (WVDN) – West Virginia State Treasurer Riley Moore announced today that he has released West Virginia’s first list of restricted financial institutions, deeming five financial institutions ineligible government … Read More

A six-year-old Israeli child was killed and six others, including four parents, were injured in an accident on Wednesday on Route 60 near the western financial city of Ariel, The … Read More

NEW DELHI: With each passing neighborhood, the fight of the banks is becoming more intense on Dalal Street. While India’s largest personal sector lender has been the epitome of perfect … Read More

NEW DELHI: The amount involved in fraud reported by banks and some financial institutions based on the date of prevalence of fraud has decreased significantly from Rs 32,178 crore in … Read More

The Financial Markets Authority (FMA) has published a consultation paper on proposed standard terms for financial institution licenses to be issued under a new regulatory regime. Once the Financial Markets … Read More

Former treasurer Josh Frydenberg landed a senior job at a global investment firm after he walked out of politics two months ago when he was ousted by a teal independent. … Read More

Two bills in Pennsylvania’s legislative chambers could help the budding cannabis industry. House Bill 2558 and Senate Bill 1167 would provide a safe haven for financial and insurance companies from … Read More

Two bills in Pennsylvania’s legislative chambers could help the budding cannabis industry. House Bill 2558 and Senate Bill 1167 would provide a safe haven for financial and insurance … Read More

Most awarded insurer for the fifth consecutive year HONG KONG SAR – Media OutReach – July 15, 2022 – FWD Insurance (“FWD”) broke its record again by winning 14 awards … Read More

(The Center Square) — Two bills in Pennsylvania’s legislative chambers could help the budding cannabis industry. House Bill 2558 and Senate Bill 1167 would provide a safe haven for financial … Read More

(The Center Square) — Two bills in Pennsylvania’s legislative chambers could help the budding cannabis industry. House Bill 2558 and Senate Bill 1167 would provide a safe haven for financial … Read More

We need to monitor more than customers. I have already discussed what I call behavioral analysis. Behavioral analytics leverages automated comparisons between data-based predicted behaviors and actual customer behaviors. When … Read More

Topline Bank of America on Wednesday became the latest financial institution to predict a looming recession in the U.S. economy later this year, joining Deutsche Bank, Goldman Sachs and Nomura … Read More

NEW YORK–(BUSINESS WIRE)–Chimney™, a leader in financial guidance in the digital age, added more than 60 new financial institution customers in the past year as more and more banks, credit … Read More

NEW YORK–(BUSINESS WIRE)–Chimney™, a leader in financial guidance in the digital age, added more than 60 new financial institution customers in the past year, as more banks, cooperatives credit and … Read More

ECL models developed before the pandemic based on information in relatively calm situations were unlikely to capture escalating credit risks in a timely manner. For above reasons, the provisioning amount … Read More

Heidi Wells Fort Smith’s Trey Jenkins, left, receives a framed diploma June 28 for his bachelor’s degree in accounting from Matt Willingham, associate director of online programs … Read More

The government’s National Infrastructure Pipeline (NIP) of 7,400 projects, with a cumulative cost of ₹111-lakh crore, will require a steady flow of long-term credit at reasonable rates. A recently established … Read More

Sterling Bank was named the Best Participating Financial Institution for 2021 in the Agricultural Credit Guarantee Fund (ACGSF) on Thursday. The ACGSF, at an event in Abuja, also recognized three … Read More

The Royal Credit Union has much to offer as a community institution and employer: a growing service area in western Wisconsin and Minnesota, new branches springing up in its territory … Read More

The Royal Credit Union has much to offer as a community institution and employer: a growing service area in western Wisconsin and Minnesota, new branches springing up in its territory … Read More

Wednesday, June 29, 2022, 9:21 a.m.Press release: FinCap FinCap welcomes the Capital Markets (Conduct of Institutions) Amendment Bill and in particular the incoming requirement that banks and insurers consider how … Read More

stock picture MARSHFIELD, WI (OnFocus) – Buy Now, Pay Later loans (also known as BNPL loans) are on the rise. According to CNBC, consumers took on massive credit card debt … Read More

Riyadh, Saudi Arabia: the first neo-Korean financial institution; Loan Financing Company (LFC), a newly established microfinance company in the Kingdom of Saudi Arabia, has selected ICS BANKS Digital Platform, a … Read More

TuranBank and the Black Sea Trade and Development Bank (BSTDB) have signed a new loan agreement worth $5 million to expand financing for international trade operations. The funds attracted will … Read More

GOBanking Rates Score Quick take: Aspiration Bank approaches banking differently. It focuses on a small community presence. Along with the standard checking and savings accounts you’d expect from any online … Read More

By gamifying financial literacy, Zogo attracts more than 200 financial institutions and nearly 700,000 users in less than three years AUSTIN, TX, June 21, 2022 /PRNewswire/ — Zogo, a Gen … Read More

Saudi Arabia – The Arab Petroleum Investments Corporation (APICORP), the region’s only energy-focused multilateral financial institution, has launched an A/B lending structure aimed at encouraging international debt financing in its … Read More

The KBC Group, headquartered in Brussels, which is “a leading European financial group specializing in the provision of bancassurance products and services to individuals, SMEs and mid-cap companies”, has announced … Read More

DAOs can provide several services to banks, including asset management, compliance, and lending. Today, banks are already using blockchain technology for things like payment, clearing and settlement, trade finance, identity … Read More

In December 2021, the CFPB published two research reports on current account overdraft fees, detailing how banks continue to rely on these fees as a major source of revenue and … Read More

INDIANAPOLIS (WISH) — A problem for small businesses in underinvested communities is access to capital. Funding from Community Development Financial Institutions, known in the business sector as CDFIs, plays an … Read More

By going through a digital transformation, TNPFC succeeded in attracting depositors By going through a digital transformation, TNPFC succeeded in attracting depositors Public institutions are often perceived as inefficient and … Read More

Operational Security Solutions Leading Risk Management Company Offers ABM Businesses a Unique Cash Handling Model Fresno, Calif., June 06, 2022 (GLOBE NEWSWIRE) — via NewMediaWire — Operational Security Solutions (“OSS”), … Read More

RIYADH: Would people spend hundreds of thousands of dollars on virtual property? You bet they will. Many have already done so. It’s more than just a virtual high that a … Read More

On Wednesday, the Commodity Futures Trading Commission hosted an industry roundtable to discuss FTX’s proposal for a new derivatives risk management framework. Someone inadvertently dropped a bombshell on the March … Read More

The European Bank for Reconstruction and Development (EBRD) is expanding its presence in Romania by opening a new office in Cluj-Napoca, the country’s second city. The EBRD is the first … Read More

Joe Stevens, CFO of ONEIL “As an employee-owned company, ONEIL maintains strong relationships with our employees, customers and partners, and we appreciate WPCU being on par with that,” said Joe … Read More

LPL Financial Holdings, Inc. The firm includes approximately 550 financial advisors in more than 250 credit unions who collectively manage approximately $36 billion in brokerage and advisory assets(1) SAN DIEGO, … Read More

The firm includes approximately 550 financial advisors in more than 250 credit unions who collectively manage approximately $36 billion in brokerage and advisory assets(1) SAN DIEGO, May 24, 2022 (GLOBE … Read More

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a $1.5 billion Emergency Food Production Facility to help address the global food crisis triggered by the … Read More

We gave you this fact sheet because we gave you a financial institution notice What is a Financial Institution Notice A financial institution notice is a document that legally requires … Read More

Advisor Group on Thursday announced plans to acquire Infinex Financial Holdings, a broker/dealer that currently backs more than 230 community banks and credit unions. Although Advisor Group is already present … Read More

” The Office: We Manage One Way or Another offers players the chance to immerse themselves in iconic moments from the series and connect with their favorite characters like never … Read More

WHITEHOUSE STATION, NJ, May 3, 2022 /PRNewswire/ — Chubb has introduced five new loyalty bonds to modernize its product line of Obligations of financial institutions it started with the introduction … Read More

Cigniti Technologies has signed an ACV deal worth over $10 million with one of the largest and oldest financial services and investment firms in the United States to secure and … Read More

Aunalytics Powerful analytics/intelligence services and an experienced data science team provide an affordable alternative to HyperCloud-based solutions SOUTH BEND, Indiana, April 12, 2022 (GLOBE NEWSWIRE) — Aunalytics, a leading data … Read More

On April 7, 2022, the Federal Deposit Insurance Corporation (FDIC) issued a letter to financial institutions asking all FDIC-supervised institutions that intend to engage or are currently engaging in activities … Read More

HERNDON, Virginia., April 5, 2022 /PRNewswire/ — Nacha’s Top 50 Financial Institutions ranking of originators and receivers of ACH payments for 2021 is now available. The top 50 originating institutions … Read More

The Inter-American Development Bank (IDB) and IDB Invest say they have approved a roadmap for a series of institutional reforms for the Washington-based financial institution and mandated a capital increase … Read More

Southeast Asia is ripe for digital banking. Even though internet coverage is spreading in the region, around 70% of its population remains unbanked or underbanked. Over the past decade, technology … Read More

Interest rates and other conditions are setting the stage for more bank acquisitions this year. By Calvin Trice and Jeff Sheban Business and technology concept. Getty Banking transactions are expected … Read More

March 23, 2022 Covington and Burling To print this article, all you need to do is be registered or log in to Mondaq.com. A financial institution and its … Read More

A financial institution and its supplier recently settled $50 million in a class action lawsuit for violating the call recording provision of the California Invasion of Privacy Act (“CIPA”). The … Read More

Country the United States of AmericaUS Virgin IslandsU.S. Minor Outlying IslandsCanadaMexico, United Mexican StatesBahamas, Commonwealth ofCuba, Republic ofDominican RepublicHaiti, Republic ofJamaicaAfghanistanAlbania, People’s Socialist Republic ofAlgeria, People’s Democratic Republic ofAmerican SamoaAndorra, … Read More

BMO will offer transgender and non-binary customers the option to use their preferred name on personal and small business credit cards TORONTO, March 14, 2022 /CNW/ – Today, BMO Financial … Read More

CHARLOTTE, North Carolina, March 3, 2022 /PRNewswire/ — Bank of America is the first financial institution to be certified by JD Power for Financial Health Support, under the JD Power … Read More

Anti-money laundering and counter-terrorist financing regulations are modernizing – financial institutions must adapt too In December 2021, the Financial Crime Enforcement Network (FinCEN) published a notice seeking comments on its … Read More

BOSTON–(BUSINESS WIRE)–Boston Financial Investment Management (“Boston Financial”), a national leader in the Low Income Housing Tax Credit (LIHTC) industry, today announced that the company’s subsidiary, American Community Capital, LLC, has … Read More

Global financial institution ING, headquartered in Amsterdam, has become the first financial institution shareholder of EIT InnoEnergy, the innovation engine for sustainable energy across Europe supported by the European Institute … Read More

Banking heavyweight ING has become the first financial institution shareholder of EIT InnoEnergy, the innovation engine for sustainable energy across Europe supported by the European Institute of Innovation and Technology … Read More

Frost Bank of San Antonio is facing a potential class action lawsuit alleging it charged overdraft fees on accounts that weren’t actually overdrawn. The lawsuit follows a similar lawsuit against … Read More

The pandemic has accelerated digital transformation within the financial services industry and to serve the on-demand customer, financial institutions need to become agile digital businesses focused on delivering innovative products, … Read More

“A message was sent earlier this morning to our employees asking them to work remotely if they can,” he said in a statement. Longer term, the bank plans to stick … Read More

ALBUQUERQUE, New Mexico, December 14, 2021 /PRNewswire/ — Today, New Mexico Attorney General Hector Balderas announces this New MexicoThe US-based US Eagle Federal Credit Union is the first financial institution … Read More

On October 27, 2021, the Federal Trade Commission (FTC) announced a new, updated rule under the Gramm-Leach-Bliley Act (GLBA) to require financial institutions to strengthen their data security measures to … Read More

Related practices and jurisdictions Thursday, October 28, 2021 The Federal Trade Commission (FTC) issued a final rule on October 27, 2021, amending the standards for protecting customer information, known as … Read More

PEORIA, Illinois – A federal jury returned guilty verdicts against Christopher Simmons, 40, of Chicago, Illinois on October 26, 2021, for three counts of financial institution fraud and one count … Read More