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Quontic Bank Announces Termination of OCC Consent Order

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Regulatory agreement terminated effective June 30, 2026, reflecting the successful completion of comprehensive remediation efforts

ASTORIA, N.Y., July 16, 2026 /PRNewswire/ — Quontic Bank today announced that the Office of the Comptroller of the Currency (OCC) has terminated the Consent Order dated October 5, 2022 (Docket No. AA-ENF-2022-25), effective June 30, 2026.

The termination reflects the OCC’s determination that the Bank’s safety and soundness, as well as its compliance with applicable laws and regulations, no longer require the continued existence of the Order.

“This milestone is a testament to the extraordinary commitment of our entire organization,” said George Lazaridis, Chief Executive Officer of Quontic Bank. “From day one, we viewed this process not simply as a regulatory obligation, but as an opportunity to strengthen the foundation of our bank. I am incredibly proud of what we have accomplished together.”

The termination follows a comprehensive, multi-year effort led by Quontic’s Board of Directors, executive leadership, and employees to address the areas identified by the OCC and to strengthen the Bank’s governance, risk management, compliance, and operational infrastructure. Throughout the process, Quontic remained focused on implementing meaningful, sustainable enhancements that will continue to support the Bank well into the future.

Quontic’s Board of Directors provided consistent oversight and strategic guidance throughout the remediation process, helping ensure the Bank remained focused, accountable, and transparent at every stage.

“The Board has been deeply engaged throughout this process, and I want to thank my fellow directors for their diligence and partnership,” said Michael Wirth, Lead Independent Director, and Sherri Schnall, Chairwoman of the Board of QBAC Holding Company. “Just as importantly, this achievement belongs to the employees of Quontic, whose commitment and professionalism made this outcome possible.”

Leadership across the Bank’s risk, compliance, audit, operations, and business functions played an instrumental role in designing and implementing the enhancements necessary to satisfy the OCC’s expectations.

“Our leadership team worked alongside every department to ensure this was done thoughtfully and thoroughly,” said Robert Russell, President. “The successful termination of the Consent Order reinforces our commitment to operating with integrity and maintaining the highest standards for our customers, regulators, and the communities we serve.”

Quontic also recognizes the contributions of employees across every level of the organization, whose dedication to continuous improvement and commitment to doing the right thing helped make this milestone possible.

“None of this would have been possible without our people,” added Russell. “Every employee who helped strengthen our processes, embraced higher standards, and remained committed to serving our customers played a role in this achievement. This outcome reflects the collective effort of our entire organization.”

With the Consent Order now terminated, Quontic will continue building on the stronger governance, risk management, and compliance practices established during the remediation process. The Bank remains committed to operating safely and soundly while delivering innovative financial solutions and exceptional service to the customers and communities it serves.

About Quontic Bank
Quontic is the adaptive digital bank that empowers its customers financially while embracing their diverse circumstances. Quontic’s innovative banking platform reimagines traditional banking with adaptive lending and innovative deposit products that transcend legacy banking inequities. Quontic’s mission to break the system for financial empowerment stands in the face of big banks and proves there is a better and more equitable way to put the customer first. The bank focuses on truly understanding and serving the underdogs, entrepreneurs, gig-economy workers, immigrants, and more with a curated banking experience as opposed to a one-size-fits-all banking approach.

Quontic is a privately held company based in New York, New York.

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SOURCE Quontic Bank

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Frost & Sullivan: CrowdStrike Named Company of the Year for Identity Threat Detection and Response

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Continuous, risk-aware identity security becomes the market standard as AI agents and non-human identities (NHIs) expose the limitations of fragmented, static access controls

AUSTIN, Texas, July 16, 2026 /CNW/ — Frost & Sullivan is pleased to announce that CrowdStrike has been named the 2026 Global Company of the Year in Identity Threat Detection and Response (ITDR). As AI agents transform how work gets done, operating with superhuman speed and access, this recognition validates CrowdStrike’s leadership in advancing the market beyond static access controls with “a next-generation identity model that enables continuous and content-aware dynamic authorization across human, non-human, and AI agent identities.”

“Identity is the front line of modern attacks and AI is accelerating the threat at scale,” said Elia Zaitsev, chief technology officer at CrowdStrike. “AI agents operate as high-privilege identities with access to critical data, applications, compute resources, and other agents, exposing the risk of legacy access models built on static policies and standing privileges.”

Frost & Sullivan’s research has found that CrowdStrike eliminates standing privileges and enforces real-time, risk-based access that can be dynamically revoked as conditions change, establishing Falcon Next-Gen Identity Security as the identity security control plane for the agentic enterprise.”

Identity Security for the Agentic Enterprise

The Falcon® Next-Gen Identity Security business surpassed $520 million in ending ARR, growing more than 34% year-over-year.[1] CrowdStrike’s ability to secure both human and agentic identities makes Falcon Next-Gen Identity Security the standard for identity security in the agentic enterprise.

Frost & Sullivan stated, “CrowdStrike’s unified, cloud native platform that delivers end-to-end identity visibility, just in time privileges, behavioral analytics, and automated response across human and non-human identities enables a significant competitive advantage.”

Key findings from the Frost & Sullivan report include:

Securing SaaS and AI Agents

Frost & Sullivan recognized how CrowdStrike delivers “real time visibility into AI and SaaS agents, including their permissions, data access, and activity, and can monitor how these identities interact with sensitive systems and datasets over time.”

Zero Standing Privileges

Frost & Sullivan highlighted that “unlike traditional role assignments or vaulting, Falcon Next-Gen Identity Security treats every user as potentially privileged, granting only need-based, real-time behavior and context aware access.”

End-to-End Identity Security

Frost & Sullivan praised CrowdStrike’s protection across the identity lifecycle, from phishing resistant MFA to enabling customers to use “SOAR workflows to automatically reset compromised passwords, remediate risky accounts in batches, and enforce conditional access or privilege controls based on real time risk scores.”

Unified Outcomes

Frost & Sullivan recognized CrowdStrike for delivering a “unified, cloud-native platform that treats identity as a first-class security signal alongside endpoints, cloud, and data.” And noted that “the leadership team’s focus in translating megatrends into a coherent product strategy rather than a set of disjointed features is evident as the company builds a model of zero trust access for every identity.”

Additional Resources

To learn more about Frost & Sullivan’s 2026 Company of the Year for Identity Threat Detection and Response, visit here.To learn more about Falcon Next-Gen Identity Security, visit here.

About CrowdStrike
CrowdStrike (NASDAQ: CRWD), a global cybersecurity leader, has redefined modern security with the world’s most advanced cloud-native platform for protecting critical areas of enterprise risk – endpoints and cloud workloads, identity and data.

Powered by the CrowdStrike Security Cloud and world-class AI, the CrowdStrike Falcon® platform leverages real-time indicators of attack, threat intelligence, evolving adversary tradecraft and enriched telemetry from across the enterprise to deliver hyper-accurate detections, automated protection and remediation, elite threat hunting and prioritized observability of vulnerabilities.

Purpose-built in the cloud with a single lightweight-agent architecture, the Falcon platform delivers rapid and scalable deployment, superior protection and performance, reduced complexity and immediate time-to-value.

CrowdStrike: We stop breaches.

Learn more: https://www.crowdstrike.com/

Follow us: Blog | X | LinkedIn | Instagram

Start a free trial today: https://www.crowdstrike.com/trial

© 2026 CrowdStrike, Inc. All rights reserved. CrowdStrike and CrowdStrike Falcon are marks owned by CrowdStrike, Inc. and are registered in the United States and other countries. CrowdStrike owns other trademarks and service marks and may use the brands of third parties to identify their products and services.

Media Contact
Jake Schuster
CrowdStrike Corporate Communications
press@crowdstrike.com 

1 CrowdStrike Q4 FY26 Earnings

View original content:https://www.prnewswire.com/news-releases/frost–sullivan-crowdstrike-named-company-of-the-year-for-identity-threat-detection-and-response-302827671.html

SOURCE Frost & Sullivan

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InventHelp Inventor Develops Protective Cell Phone Case (TKA-476)

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PITTSBURGH, July 16, 2026 /PRNewswire/ — “I wanted to create a new phone case to help protect your phone from falling to the ground and breaking,” said an inventor, from Clarkston, Ga., “so I invented the AIR DROP. My design also offers a secure grip for one-handed operation, and it could act as a stand for easy viewing.”

The patent-pending invention provides an effective way to protect a cell phone against drops and damage. In doing so, it prevents the phone from falling to the floor, ground, water, etc. As a result, it eliminates unnecessary repairs and replacement costs. It also offers a more comfortable and convenient way to use and view a phone. The invention features a secure and comfortable design that is easy to use so it is ideal for the owners and users of cell phones. Additionally, a prototype model and technical drawings are available upon request.

The original design was submitted to the National sales office of InventHelp. It is currently available for licensing or sale to manufacturers or marketers. For more information, write Dept. 25-TKA-476, InventHelp, 100 Beecham Drive, Suite 110, Pittsburgh, PA 15205-9801, or call (412) 288-1300 ext. 1368. Learn more about InventHelp’s Invention Submission Services at http://www.InventHelp.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/inventhelp-inventor-develops-protective-cell-phone-case-tka-476-302827401.html

SOURCE InventHelp

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Archy Launches Archy Revenue to Help Dental Practices Save Time and Get Paid Faster

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New AI-powered capability automates insurance payment posting inside Archy, helping teams auto-post routine payments, review exceptions, and move away from paper-check workflows.

SAN JOSE, Calif., July 16, 2026 /PRNewswire/ — Archy today announced Archy Revenue, a new paid upgrade built directly into the Archy practice management platform to help dental practices automate the busy work of posting insurance payments. With Archy Revenue, a practice can bring paper and electronic insurance payments into one workflow, let AI read and match the payment to the right claim, automatically post claims paid as expected, and surface the exceptions that still need the team’s judgment.

For many dental practices, getting paid by insurance is one of the most manual parts of the business. Teams often have to search for the right claim, enter payment details line by line, reconcile deductibles and patient responsibility, and finalize each payment manually. Even when the insurance payment is correct, staff still have to review and click through work that does not need a decision. For bulk payments with dozens of claims, that process can take hours away from patient follow-up, collections, and running the practice.

Archy Revenue was built to address that work inside the system dental teams already use. When an insurance payment comes in, Archy Revenue reads the payment, matches it to claims in Archy, fills in payment details, and posts the claims that were paid as expected. Claims that need review, such as denied claims or claims with increased patient responsibility, are surfaced in an exception queue so the practice can focus on the few items that actually require attention.

Extending beyond paper payments, Archy Revenue includes a managed enrollment service for electronic insurance payments, helping offices get paid up to a week faster. As Archy completes enrollment on behalf of the office, electronic remittances are automatically retrieved and follow the same AI-powered matching, auto-posting, and exceptions experience as paper payments. One posting flow, regardless of how the payment comes in.

Archy Revenue launches with four core capabilities:

AI-powered insurance payment processing: Practices can upload up to 10 insurance payment PDFs at once for analysis. After just a few minutes, Archy Revenue reads the payment, matches claims in Archy, and fills in procedure-level deductible, patient responsibility, and insurance payment amounts. A built-in PDF viewer highlights where information was extracted, giving teams confidence in what the system found.

Auto-posting for claims paid as expected: When a claim is paid exactly as estimated, Archy Revenue posts it automatically so the team does not have to review work that does not need a decision. Practices can see a filtered view of exceptions, use auto-finalize when all claims on a payment are reconciled, and keep an audit trail for every auto-posted claim.

Managed electronic payment enrollment: Archy enrolls practices with top payers for electronic payments and remittances. Once set up, remittance information is retrieved automatically, payment information is pre-filled in Archy, and future-dated payments are held until the payment date. An auto-generated remittance PDF simplifies secondary claim filing.

One workflow for paper and electronic insurance payments: Whether a practice uploads a scanned explanation of benefits, a PDF from a payer portal, or receives an electronic remittance, the review experience is consistent. The same workflow helps teams match claims, review only what needs attention, and post payments without exports, extra logins, or reconciling between separate systems.

Archy Revenue also brings the company’s founder story back into the product. Archy was created after its founders saw how outdated, disconnected software slowed down real dental practices. For Archy co-founder and CEO Jonathan Rat, insurance payment posting became especially personal after helping his wife, dentist and practice owner, work through insurance paperwork on weekends. Archy Revenue turns that firsthand frustration into a product capability designed to give dental teams that time back.

“Insurance payment posting is personal for me because I watched it take over my Saturdays in my wife’s practice,” said Jonathan Rat, co-founder and CEO of Archy. “Dental teams already did the hard part. They took care of the patient. They should not have to lose hours chasing down the payment after that. Archy Revenue is built to give that time back, by posting what can be posted safely, surfacing what needs a decision, and helping practices get paid faster without adding another system.”

Archy Revenue is part of Archy’s broader investment in AI built directly into dental practice workflows. Alongside Archy Scribe, which helps dentists create clinical notes inside Archy, Archy Revenue applies the same platform-native approach to insurance payments. Rather than adding another disconnected tool, Archy is building AI into the core operating system of the dental practice, so teams can reduce administrative work while staying in control of the decisions that matter.

About Archy

Archy is all-in-one dental practice management software built to help dental teams run more of their practice from one connected platform. Founded by Jonathan Rat and Ben Kolin after seeing firsthand how outdated, fragmented systems slowed down real dental practices, Archy brings scheduling, clinical workflows, patient communication, insurance, billing, reporting, payments, and AI-powered tools together in one modern system. Archy helps dental professionals reduce complexity, move faster, and spend more time focused on patients and practice growth.

Andrew Bernstein – abernstein@archy.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/archy-launches-archy-revenue-to-help-dental-practices-save-time-and-get-paid-faster-302827199.html

SOURCE Archy Dental, Inc.

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