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Hyosung Urges Operators of All ATMs to Follow Previous Security Guidance Due to Large-Scale Cyberattacks

DALLAS--(BUSINESS WIRE)--Hyosung urges all ATM owners to implement critical security updates to protect machines from cyber threats that have affected multiple ATM networks....
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Phixius by Nacha Announces Collaboration With Kinexys by J.P. Morgan to Enhance Account Validation Capabilities

RESTON, Va.--(BUSINESS WIRE)--Phixius by Nacha (Phixius) — a secure, peer-to-peer payment information network — today announces a strategic collaboration with Kinexys Liink, the world’s first bank-led peer-to-peer data sharing network, part of Kinexys by J.P. Morgan. This collaboration establishes information exchanges between the two payment information networks, enhancing account validation coverage for financial institutions, fintechs and corporations. As part of the symbiotic relationship,...
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Nu Mexico Receives Banking License Approval, Paving the Way for Product Portfolio Expansion and Increased Financial Inclusion

MEXICO CITY--(BUSINESS WIRE)--Nu Mexico, a subsidiary of Nubank, announced today the approval of its banking license by the National Banking and Securities Commission (CNBV). With this milestone, Nu has become the first Popular Financial Society (SOFIPO) to obtain approval to transform into a bank, opening the path to increased competition in the Mexican financial sector. This milestone brings the company closer to expanding its product portfolio, including the introduction of a payroll account...
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UBS Private Wealth Advisor Michael Lundon named to Forbes Best-In-State Wealth Advisors list

NAPLES, Fla.--(BUSINESS WIRE)--UBS Wealth Management US announced today that Michael J. Lundon, Private Wealth Advisor and Managing Director in the firm’s Naples, Florida office, has been named to the Forbes Best-In-State Wealth Advisors list for 2025. "We are incredibly proud to see Michael recognized by Forbes as a top advisor both nationally and here in Florida," said Joe Guccione, Market Director, UBS Florida Market. "This distinction is a well-deserved acknowledgment of his industry knowle...
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Nutter Securities Enforcement Practice Achieves Trial Win against SEC for Financial Advisory Firm Cutter Financial Group

FALMOUTH, Mass.--(BUSINESS WIRE)--A Nutter trial team received a jury verdict in their favor for Nutter’s client, Cutter Financial Group LLC (CFG), in a civil litigation trial with the U.S. Securities and Exchange Commission (SEC). The jury found that CFG and its president and founder, Jeffrey Cutter, did not engage in any intentional fraudulent scheme and found that CFG adopted and implemented reasonable compliance policies and procedures. While CFG disclosed that it received commissions from...
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Pagaya Executes New AAA-Rated $500 Million Consumer Loan ABS Deal, Underscoring Continued Strong Investor Demand

NEW YORK--(BUSINESS WIRE)--Pagaya Technologies LTD. (NASDAQ: PGY) ("Pagaya" or “the Company”), a global technology company delivering AI-driven product solutions for the financial ecosystem, today announced the closing of a new $500 million AAA-rated personal loan ABS transaction (PAID 2025-3), with a total of ~$800 million raised in the past 3 days across all ABS transactions. Pagaya’s track record of consistently delivering for investors has made it a trusted provider of consumer credit inves...
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Stearns Bank and Operation HOPE Announce Partnership to Provide Free Financial Counseling at St. Cloud, MN Branch

ST. CLOUD, Minn. & ATLANTA--(BUSINESS WIRE)--Stearns Bank, a well-capitalized, national financial services institution, and Operation HOPE announced today that they have partnered to provide free financial counseling at the bank’s St. Cloud, Minnesota branch. The Operation HOPE program, known as HOPE Inside, offers in-person group and one-on-one financial coaching sessions at no-cost to help individuals build savings, reduce debt and improve credit scores as well as support entrepreneurs in sta...
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Ameriprise Financial Announces Additional $4.5 Billion Share Repurchase Authorization; Increases Regular Quarterly Dividend 8 Percent to $1.60 per share

MINNEAPOLIS--(BUSINESS WIRE)--The Board of Directors of Ameriprise Financial, Inc. (NYSE: AMP) has announced the following: The company authorized an additional $4.5 billion for the repurchase of shares of its common stock during the period of April 24, 2025 through the close of business on June 30, 2027. As of April 23, 2025, the company had approximately $138 million available from its July 2023 authorization, which is available through September 30, 2025. The company intends to fund share re...
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e.l.f. is the First Beauty Brand to Launch a Financial Literacy Game on Roblox

OAKLAND, Calif.--(BUSINESS WIRE)--e.l.f. Beauty (NYSE: ELF) is making history as the first-ever beauty brand to launch a financial literacy game on Roblox. This experience is specifically designed to empower the Roblox community through engaging financial literacy education while fostering self-confidence among players. Developed by Karta, “Fortune Island: Earn Learn Flex,” in partnership with Chime, a leading financial technology company and the No. 1 most loved banking app1, was created by e....
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American Riviera Bancorp Announces Results for the First Quarter of 2025

SANTA BARBARA, Calif.--(BUSINESS WIRE)--American Riviera Bancorp (“Company”) (OTCQX: ARBV), holding company of American Riviera Bank (“Bank”), announced today unaudited net income of $2.3 million ($0.40 per share) for the three months ended March 31, 2025, compared to $2.0 million ($0.35 per share) in the previous quarter, and $2.2 million ($0.37 per share) earned in the same reporting period in the previous year. Total deposits were $1.13 billion at March 31, 2025, an increase of $85.5 million...