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SAN CARLOS, Calif.—How important are fintech partnerships, especially in the payments space? One expert says if credit unions do not creatively pursue relationships with both upstart fintechs and huge players such as Google, they run the risk of diminishing their membership “one payment at a time.”

PURCHASE, N.Y.– Quorum Federal Credit Union has named Jeffrey Pachter, who currently serves as president, as the CU’s next president and CEO, effective Feb. 1, 2022. Pachter will succeeds Bruno Sementilli, who announced his retirement after 38 years.

LONDON – Nearly four fifths (78%) of compliance professionals across the U.K.’s regulated industries predict more anti-money laundering (AML) regulation is on the way as a result of the U.K.’s exit from the European Union, according to new research released by LexisNexis Risk Solutions.

SINGAPORE—Real-time payments are now as popular as cash as a payment method for consumers in Southeast Asia, according to new research from ACI Worldwide and YouGov.

WALTHAM, Mass.—Brandeis University is contributing to a public-private coalition in Massachusetts that believes financial technology is the Bay State’s “next big thing.”

WASHINGTON—The Biden administration’s nominee to head the Treasury Department’s terrorism and financial intelligence division said he would prioritize efforts to prevent cryptocurrencies from undermining U.S. anti-money laundering laws.