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CFPB Takes Action Against ACI Worldwide for Illegally Processing $2.3 Billion in Mortgage Payments that Homeowners Did Not Authorize
Consumer protection laws Digital Payments News

CFPB Takes Action Against ACI for Illegally Processing $2.3 Billion in Mortgage Payments that Homeowners Did Not Authorize

Fintech News Desk
ACI will pay a $25 million penalty for data handling practices that negatively impacted nearly 500,000 homeowners whose mortgages were serviced by Mr. Cooper The Consumer Financial Protection Bureau (CFPB) issued an order against ACI Worldwide and one of its subsidiaries, ACI Payments, for improperly initiating approximately $2.3 billion in......
TASI Bank Study Reveals Business Community Attitudes Regarding Economy
Banking Business News

TASI Bank Study Reveals Business Community Attitudes Regarding Economy

Business Wire
Marked Differences Between Northern/Southern California TASI Bank announced the results of a comprehensive study conducted in conjunction with the San Francisco Business Times that measured the confidence levels of small and medium-sized about economic conditions in Northern and Southern California. “What’s interesting is this dichotomy between the national opinion and the......
Dassault Systèmes Strengthens Its Business Experience for Finance Offering
Finance News

Dassault Systèmes Strengthens Its Business Experience for Finance Offering

Business Wire
Partnership with BNP Paribas’ Securities Services business line aims to deepen its use of Innova to control fund compliance as part of the digitalization of its custodian bank platform Dassault Systèmes announced that it has reinforced the Business Experience for Finance offering of OUTSCALE, its leading cloud brand and sovereign and......
One in Three Canadian Crypto-Asset Owners Experienced Fraud or Scams, TMU Study Finds
Cryptocurrency Investment Services News

One in Three Canadian Crypto-Asset Owners Experienced Fraud or Scams, TMU Study Finds

Business Wire
Financial regulators have taken important steps to mitigate crypto risks to consumers and the economy, but safety and security issues still remain One in 10 Canadians aged 16 and older (about 3 million people) have owned a crypto-asset such as Bitcoin, Ether or a non-fungible token (NFT). Of them, one......
Fulton Bank Launches Diverse Business Banking Program
Banking News

Fulton Bank Launches Diverse Business Banking Program

Business Wire
Initiative designed to meet the unique needs of minority, women, veteran and LGBTQ business owners Fulton Bank, a subsidiary of Fulton Financial Corporation, has launched a Diverse Business Banking program designed to meet the unique needs of minority, women, veteran and LGBTQ business owners. Latest Fintech Interview: Global Fintech Interview with......
Colonial Savings, F.A. to Cease Mortgage Origination Business, Focus on Full-Service Banking and Mortgage Servicing
Mortgage News

Colonial Savings, F.A. to Cease Mortgage Origination Business, Focus on Full-Service Banking and Mortgage Servicing

PR Newswire
Colonial Savings, F.A., a trusted financial institution with a rich history spanning more than 70 years, announced its decision to cease its mortgage origination business, effective July 31, 2023. The company will shift its focus towards continuing to provide comprehensive full-service banking and mortgage servicing options to better meet the evolving......
Celent Report Finds Personetics Is the Top Banking Solution for Small Business Banking in North America
Banking Fintech News

Celent Report Finds Personetics Is the Top Banking Solution for Small Business Banking in North America

Business Wire
Celent evaluated eight fintech providers across data analytics and insights, product recommendations, and workflow digitization Personetics, the global leader in financial data-driven personalization and customer engagement, announced that Celent recognized its platform as superior to other fintech solutions in enabling banks to become “challengers” in small business (SMB) banking. Celent,......
Ramp Launches Broad Set of AI-Powered Capabilities to Save Businesses Time and Money
Artificial Intelligence Finance News

Ramp Launches Broad Set of AI-Powered Capabilities to Save Businesses Time and Money

PR Newswire
Ramp Intelligence encompasses industry-first AI solutions powered by GPT-4, including vendor price intelligence, an accounting copilot, and effortless expense reports, among other releases Ramp, the leading finance automation platform helping 15,000+ businesses find time and money savings across transactions, bill payments, and accounting, announced Ramp Intelligence: a suite of never-before-seen......
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