Remove Boston Remove Marketing Remove Regional Remove Security
article thumbnail

State Street Agrees To Pay $35M To Settle SEC Charges

PYMNTS

The Securities and Exchange Commission (SEC) announced that financial services company State Street has agreed to pay more than $35 million to settle charges that it fraudulently charged secret markups. Treasury securities. Levenson, director of the SEC’s Boston regional office, the department which investigated the overcharges.

Boston 101
article thumbnail

B2B Investors Set Sights On Data, AI, Analytics

PYMNTS

Cross River, which did not disclose its valuation, said it will use the funding to invest in its compliance infrastructure and expand staff levels as it continues to collaborate with FinTech startups, allowing them to gain access to Cross River’s client base without needing to secure their own banking license. Wise Systems.

Analytics 176
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Western Union Enables Real-Time Account-To-Account X-Border Payments For Banks, Digital Wallets

PYMNTS

Remittances, eCommerce, payroll, real estate and travel — the uses cases for cross-border funds transfers in minutes are expanding, Ersek noted, and consumer and business expectations for immediate and secure cross-border money movements are expanding right alongside them.

Payments 205
article thumbnail

Efficiency now: 8 smart strategy tips

Independent Banker

In 2022, things changed with whiplash speed, as the Fed hiked interest rates to quell inflation, the mortgage refinance market dried up and the effects of macro changes, from the Russian invasion of Ukraine to a talent shortage, began to be felt keenly. But with a handful of branches in a market, you can accomplish quite a bit.”. ?

Strategy 135
article thumbnail

The community banks standing by hospitality customers

Independent Banker

The Coronavirus Aid, Relief, and Economic Security (CARES) Act provided an important backstop for Small Business Administration (SBA) 7(a) loan holders, as it required the SBA to take care of loan payments for about six months in 2020 and make partial payments in 2021. New loan demand returns. For us, nothing really fits a box,” Patel adds.

article thumbnail

What Serving The Internet’s ‘Underserved’ Means For Payments

PYMNTS

Think of access to reliable internet service, perhaps, as roughly similar to access to reliable and secure financial services — without both, the larger worlds of payment and commerce can indeed suffer. “In I really don’t think it will upend our market,” he said. “If communities. Expensive Cities. We are tech agnostic,” Winrich said.

Payments 131
article thumbnail

Function Over Flash

Independent Banker

In a Federal Reserve Bank of Boston survey of mobile banking and payment services released in August, roughly three-fourths of about 600 community banks and credit unions in five Federal Reserve districts that were polled were offering some kind of mobile service. An ATM or branch locator is another standard mobile function. Check ordering.