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Truist completes sale of insurance unit; City National's new hire

American Banker

Truist Financial completes the sale of its remaining stake in Truist Insurance Holdings; City National Bank has hired Rick Bechtel as executive vice president and head of mortgage and residential lending; Associated Bank names Chun Schiros as its first chief analytics officer; and more in the weekly banking news roundup.

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Mastercard CEO Pushes Back Against National Payments System

PYMNTS

Ajay Banga, the chief executive officer (CEO) of Mastercard, is adamantly against any attempts to fracture the Global Payments Systems (GPS) into national domains, Financial Times (FT) reported on Sunday (Feb. Privacy-weary consumers could return to cash if governments push in the direction of nationalization of payments, Banga warned.

National 147
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The most useful (and rarely used) types of data analytics

Abrigo

Data analytics are gaining momentum as they are increasingly being used during the audit process. As auditors know, data analytics are required during both the beginning and the end of an audit. However, analytics can also be employed efficiently and effectively as substantive procedures. type questions. type questions.

Analytics 150
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Microsoft Goes After Credit Unions With Data Analytics Development

PYMNTS

Microsoft is targeting credit unions with its latest solution designed with the Credit Union National Association (CUNA). They announced today (Wednesday, March 21) that CUNA Mutual AdvantEdge Analytics will collaborate to develop a data analytics platform for the credit union industry.

Analytics 103
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UK?s National Health Service Gave Tech Giants Access To Millions of Britons? Health Records

PYMNTS

The National Health Service (NHS) provided Palantir Technologies with volumes of personal information including contact details, gender, race, occupation, health conditions, criminal offenses and religious and political affiliations, according to the 37-page contract that was published online.

National 130
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How to increase efficiency and minimize risk in the audit process using analytics

Abrigo

Currently, in addition to serving as the controller for a large heavy equipment company, she instructs all four parts of the Becker CPA Exam Review and serves as a course reviewer for The National Association of State Boards of Accountancy (NASBA). Analytics can more effectively focus firm resources.

Analytics 150
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Today In Payments: Apple Parts Maker Foxconn Back To Work In China; Two Chinese Nationals Laundered $100M In Crypto

PYMNTS

In today’s top news, Apple manufacturer and supplier Foxconn has returned to production, the Department of Justice charged two Chinese nationals with laundering over $100 million in cryptocurrency, and TurboTax’s deal to buy Credit Karma has sparked antitrust concerns. Two Chinese Nationals Charged With Laundering $100M In Crypto.

Apple 132