Patelco Credit Union issued with consent order and $100,000 fine by California’s DFPI
The order follows an investigation prompted by a ransomware attack experienced by Patelco in June last year.
News, intelligence and resources on the global fintech industry including topics such as credit unions.
The order follows an investigation prompted by a ransomware attack experienced by Patelco in June last year.
The $20 billion-asset credit union has tapped Backbase to revamp its digital member experience.
FinTech Futures takes a look back at five of the top banking tech stories of the month.
The credit unions have selected Mahalo for its flagship Thoughtful Digital Banking offering.
With its latest raise, Clutch plans to invest in AI and enhance platform capabilities.
POECU will now run on Sharetec’s web-based core processing solution.
Kowal has served as MDT’s chief financial officer since 2008.
Eltropy previously acquired both POPi/o and Marsview AI back in 2022.
FinTech Futures takes a look back at some of the biggest mergers and acquisitions of 2024.
The platform comprises current and savings accounts, with a charitable function powered by Spiral.
Tobey will succeed the position from Jeff Kline, effective January 2025.
Temenos Digital will support the credit union’s online and mobile channels for consumers and small businesses.
The round was led by Light Street Capital, NewView Capital and Partners Group.
Mahalo’s online banking tech will integrate directly with the credit union’s Corelation Keystone core banking system.
FinTech Futures takes a look back at five of the top new launch stories in November.
FinTech Futures takes a look back at five of the top banking tech stories of the month.
The credit union will utilise Sharetec’s solutions to enhance the digital banking experience for its members.
Trulioo’s platform will be used to verify more than 14,000 ID documents and 700 million business entities.
The migration of its on-premises IT estate is expected to cut Nationwide’s IT operating costs by 30%.
The $632 million-asset credit union is set to launch new products with Jack Henry’s core platform.
The selection includes Positive Pay for ACH reporting and new account opening capabilities.
Rocky Mountain Credit Union and UnitedOne Credit Union have gone live with the platform.
The credit union has gone live with Alkami’s platform to enhance engagement, personalisation, and fraud prevention.
Schaafsma has served as Alliant Credit Union’s CRO for the past seven years.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
The CFPB claims VyStar’s “botched system switch left families in a lurch, unable to manage finances and facing fees”.
FinTech Futures takes a look back at five of the top new launch stories in October.
PSP Services says it will incorporate the business into its HLX Unified Commerce Platform.
Interface.ai provides pre-trained agentic AI solutions specifically tailored to community banks and credit unions.
Nymbus says the collaboration will target “the pressing need for improved financial wellness tools”.
The company says it will transition its digital banking clients “to one or more alternative digital banking providers”.
The deadline for entries is 7 February 2025.
The Connecticut-based credit union will deploy Alkami’s Digital Banking Platform.
This settlement is the DOJ’s first redlining resolution with a credit union.
Baker Hill’s Commercial Lending solution will be integrated directly within Navigant’s Fiserv DNA core.
NuMark is transferring “complete responsibility” of its self-servicing banking operations to NCR Atleos.
Zac Streelman of REV FCU discusses managing risks and regulatory compliance for third-party relationships.
Alkami says the platform will enable the credit union to “foster greater engagement”.
Our pick of the top fintech news stories this week includes Starling Bank, Fiserv, HSBC, Monese and more.
The merger is intended to complete in 2025.