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OCC outlines risk plan as Northeastern loan growth doubles

Abrigo

The tri-state area (New York, New Jersey and Connecticut) saw the highest growth in the district, an impressive 7 percent. ” As a regulatory body, the OCC said it will focus on the following to address the increasing risk: • Execution of bank strategic plans and management of strategic risk. The OCC on Oct.

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Varo Achieves Milestone As First Consumer FinTech To Get National Charter

PYMNTS

As a national charter, the bank can offer credit and cash-flow management, the company said. Varo coming in as a full national bank, with an already proven market fit and massive demand for more-affordable digital-banking solutions, is a very exciting moment,” Walsh told Bloomberg. Varo Bank N.A. To date, Varo has raised $419.4

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Regional Banks Guide Corporates To Future-Proof Accounts Payable

PYMNTS

People’s United Bank Senior Vice President of Treasury Management Cris Sigovitch told PYMNTS that while access to payables FinTech solutions is important, perhaps even more essential is access to a trusted partner that can guide firms toward a resilient and future-proof AP department. . ” Offering the Right Tools.

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Affinity Federal Credit Union On The Importance Of Accelerating Digital Transformations

PYMNTS

The CU, which has 20 branch locations within the tri-state area that includes New York and Connecticut, has upgraded its automated services to incorporate integrated cloud-based technologies and environments that involve artificial intelligence (AI). Embarking On A Digital Transformation. Prioritizing Upgrades.

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Facebook Negotiates Sandberg DC Hearing Testimony

PYMNTS

With questions surrounding Facebook ’s market power and its plans for the Libra digital currency, the social media company is reportedly negotiating with an important congressional committee for COO Sheryl Sandberg to testify as early as October. And, another legislator, Sen.

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Toys That Have Stood The Test Of Time

PYMNTS

They may have gotten a modern update or two – some have undergone several – but their central appeal is the same, and their markets remain avid. The first sets were originally patented by Alfred Carlton Gilbert and first sold by his company, the Mysto Manufacturing Company of New Haven, Connecticut in 1913. Some favorites ….

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Big Names Embark On Spring Hiring Sprees

PYMNTS

Standing one’s ground in an Amazon -dominated retail market doesn’t happen by accident. Home Depot is one of the few who have managed it – indeed, the $200 billion home-improvement merchant has even seen 135 percent growth in the last five years. The retailer is looking to fill 11,000 new positions, of which 2,000 are management roles.

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