A regional U.S. bank with a strategic vision for growth and enhanced service delivery embarked on a comprehensive digital transformation journey. With Huron's help, the bank successfully implemented a full suite of Workday applications, addressing significant technological challenges that had previously hindered operational efficiency and decision making. The successful project ultimately streamlined business processes, reinforced data transparency, and significantly improved reporting capabilities, all of which were in alignment with the bank's larger strategic objectives.
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California Department of Financial Protection and Innovation Clothilde "Cloey" Hewlett will step down Dec. 30.
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Industry observers say the U.S. securities industry's migration to next-day settlement in May 2024 was a technology success story, which has encouraged the U.K. and the EU to follow suit.
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The use cases are growing and banks don't want to risk being left behind, especially with younger customers who are more open to the technology.
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St. Paul, Minnesota-based Bremer Financial agreed to sell for $1.4 billion in cash and stock. It followed a yearslong legal battle between the bank and its largest shareholder that ended with a settlement this year.
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Reps. Andy Barr, R-Ky., and French Hill, R-Ark., leading Republicans on the House Financial Services Committee, pushed back against Federal Deposit Insurance Corp. Chair Martin Gruenberg's characterization of the Synapse collapse in his July brokered deposits proposal.
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While companies tend to amp up warnings to consumers about fraud and scams during the holidays, institutions may also need to bulk up their defenses.
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