Search Results for: financial regulators

Crypto Industry Seeks to Improve Compliance Controls, Stay in Front of Regulators With Behavox Solutions
Cryptocurrency News

Crypto Industry Seeks to Improve Compliance Controls, Stay in Front of Regulators With Behavox Solutions

Fintech News Desk
by Fintech News Desk0
Behavox to accept payment for services in cryptocurrencies Behavox, which provides a suite of security products that help compliance, HR, and security teams protect their company and colleagues from bad actors, announced it is accepting payment in cryptocurrencies, as demand from cryptocurrency exchanges and financial trading firms for Behavox solutions......
VersaBank Appoints Financial Crime Prevention Expert and Advocate Veteran Garry Clement
Banking News

VersaBank Appoints Financial Crime Prevention Expert and Advocate Veteran Garry Clement

Fintech News Desk
by Fintech News Desk0
VersaBank announced it has appointed financial crime prevention expert and advocate, Garry W. G. Clement, to the position of Chief Anti-Money Laundering Officer (“CAMLO”). Mr. Clement is an internationally recognized expert in the areas of money laundering, white-collar crime, organized crime and detection of suspicious activity, including cyber-crime. He brings to VersaBank more......
BlockFi Enters Landmark Resolution With Federal and State Regulators Providing Clarity on Pathway for Crypto Interest Securities
Digital Asset Management News

BlockFi Enters Landmark Resolution With Federal and State Regulators Providing Clarity on Pathway for Crypto Interest Securities

Fintech News Desk
by Fintech News Desk0
BlockFi is first participant in new regulatory framework for crypto sector BlockFi Lending, a subsidiary of BlockFi Inc., has entered into a resolution with both the U.S. Securities and Exchange Commission (SEC) and the North American Securities Administrators Association (NASAA) providing regulatory clarity and a path forward for clients across the......
Climate Risk Study Finds Advances In Financial Industry Mitigation Strategies; Concerns Linger on Execution
Fintech News Risk Management

Climate Risk Study Finds Advances In Financial Industry Mitigation Strategies; Concerns Linger on Execution

Fintech News Desk
by Fintech News Desk0
Benchmarking study of over 70 financial institutions identifies potential revenue enhancement and increased regulatory compliance as drivers of progress on climate risk strategy. A new benchmarking study found that climate change is placing increasing demands on major financial institutions worldwide to establish and execute on climate risk mitigation strategies. The study — led......
Unitas Financial Services Announces Successful Completion of SOC 1 Audit
News Risk Management Security

Unitas Financial Services Announces Successful Completion of SOC 1 Audit

Fintech News Desk
by Fintech News Desk0
Unitas Financial Services, LLC (Unitas), a leader in risk management insurance solutions for lending institutions, announces the successful completion of their Service Organization Control (SOC) 1 Audit. The thorough, independent audit process revealed that Unitas is fully compliant with the following; Highest security standards in data protection Privacy protocols Operational......
True North Mortgage Links up With Flinks for Easy, Secure Transfer of Financial Information for Brokers and Clients
Mortgage News

True North Mortgage Links up With Flinks for Easy, Secure Transfer of Financial Information for Brokers and Clients

Fintech News Desk
by Fintech News Desk0
Innovative digital point solution empowers a better way to do mortgages True North Mortgage, an industry-leading Canadian mortgage brokerage, has teamed up with Flinks to help further streamline and simplify the mortgage process for its exceptional team of salaried, non-commissioned brokers. Long an industry disruptor, True North Mortgage is always......
Berkshire Bancorp Inc. Reports Bank Regulators' Receipt of Applications in Connection with Potential Transaction
Banking News

Berkshire Bancorp Inc. Reports Bank Regulators’ Receipt of Applications in Connection with Potential Transaction

Fintech News Desk
by Fintech News Desk0
Berkshire Bancorp Inc. reported that the Federal Reserve Bank of New York received an application from TBB Investments LLC and TBB Intermediate LLC (together, the “Applicants”) to become bank holding companies, by acquiring Berkshire Bancorp, Inc. and thereby indirectly acquiring Berkshire Bank, and to merge TBB Intermediate LLC with and into BERK.......
Chile’s Data-driven Lender Mento Launches On Mambu To Improve Financial Inclusion
Fintech News

Chile’s Data-driven Lender Mento Launches On Mambu To Improve Financial Inclusion

Fintech News Desk
by Fintech News Desk0
Mento’s migration to the leading cloud banking platform will bolster Chile’s efforts to improve financial inclusion by providing microlending and other credit options to the unbanked and underbanked  Mento, a Chilean digital lender providing credit, payments and other financial services, has gone live on Mambu’s SaaS cloud banking platform, extending......
DeFi and the Rise of Disruptive Financial Innovation
DeFi Featured Guest Posts

DeFi and the Rise of Disruptive Financial Innovation

Michael Kodari
by Michael Kodari0
  DeFi presents a revolutionary and innovative new frontier when it comes to opening fresh opportunities in improving the global financial markets. Let’s take a look at what DeFi is and its implications within the wider global banking and finance ecosystem. DeFi Defined De-centralized Finance (DeFi) in general terms is......
Financial Institutions Falling Short In Use of Technology To Combat Fraud
Fintech News Technology

Financial Institutions Falling Short In Use of Technology To Combat Fraud

Fintech News Desk
by Fintech News Desk0
Survey from Guidehouse & American Banker/Arizent finds that technology needs to be more closely aligned with broader fraud mitigation programs Ongoing vulnerability & risk assessments, adequate investments and coordination with third parties is essential to maximize the benefits of available technology solutions Despite a market saturated with advanced technology tools,......
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