Tag : compliance

FinCEN Indicts USAA Federal Savings Bank for Violating the Bank Secrecy Act
Banking Compliance management Digital Payments Featured News

FinCEN Indicts USAA Federal Savings Bank for Violating the Bank Secrecy Act

Fintech Staff Writer
by Fintech Staff Writer0
The Financial Crimes Enforcement Network (FinCEN) has announced that it has assessed a $140 million civil money penalty against USAA Federal Savings Bank (USAA FSB) for willful violations of the Bank Secrecy Act (BSA) and its implementing regulations. As its customer base and revenue grew in recent years, USAA FSB......
FINRA Extended Hearing Panel Expels Alpine Securities
News Security

FINRA Extended Hearing Panel Expels Alpine Securities

Fintech News Desk
by Fintech News Desk0
FINRA announced that a FINRA extended hearing panel has expelled Salt Lake City-based broker-dealer Alpine Securities Corp. from FINRA membership, and ordered the firm to pay more than $2.3 million in restitution to customers for converting and misusing customer funds and securities, engaging in unauthorized trading, charging customers unfair prices in......
Nelnet Board of Directors Appoints Three New Members; Longest-Serving Director Retires
Lending News Risk Management

AML Provider Abrigo Partners with RiskScout for High-Risk Due Diligence and Onboarding

Fintech News Desk
by Fintech News Desk0
Abrigo, the leader of compliance, credit risk, and lending solutions for financial institutions, announced a new partnership with RiskScout, a leading onboarding and enhanced due diligence platform for emerging market businesses. Abrigo’s financial crime detection platform, BAM+, is used by financial institutions to detect and prevent money laundering and fraud,......
Sovos and Comply Exchange Partner to Offer First End-to-End Tax Information Reporting and Withholding Offering
News Risk Management

Sovos and Comply Exchange Partner to Offer First End-to-End Tax Information Reporting and Withholding Offering

Fintech News Desk
by Fintech News Desk0
New partnership allows organizations to remain compliant with tax documentation collection and validation, withholding rate calculations and compliance, and year-end tax information reporting Sovos and Comply Exchange announced their partnership as the first and only end-to-end tax information reporting and withholding offering on the market. With over 42 years of combined experience, Sovos......
Austin Capital Acquires Candor Ventures
Fintech News

Austin Capital Acquires Candor Ventures

Fintech News Desk
by Fintech News Desk0
Austin Capital General Partners acquires Candor Ventures to bolster its incubation and acceleration capabilities Austin Capital General Partners, LLLP announces its strategic acquisition of Candor Ventures, a venture studio and fund focused on early-stage venture investments and incubations. “We are so excited to welcome a team with a proven track......
Motto Mortgage Optimum Now Open in Colorado
Mortgage News

Motto Mortgage Optimum Now Open in Colorado

Fintech News Desk
by Fintech News Desk0
New Mortgage Brokerage Franchise Now Serving the Centennial State Motto Mortgage, an innovative mortgage brokerage franchise focused on transparency and compliance, has a new office in Colorado. Motto Mortgage Optimum is now open in Parachute and serving all markets throughout the Centennial State. Established by Chuck and Amy Perrin, Motto Mortgage Optimum is a customer-first, full-service......
Abrigo Integrates with RouteOne
Lending News

Abrigo Integrates with RouteOne

Fintech News Desk
by Fintech News Desk0
Abrigo, the leader of compliance, credit risk, and lending solutions for financial institutions, announced its integration with RouteOne, a leader in the indirect auto financing space. The integration will ensure community financial institutions can create a streamlined and efficient buying experience for their customers at an auto dealership. RouteOne’s indirect......
CapStar Announces Appointments to Executive Leadership Team
News Risk Management

CapStar Announces Appointments to Executive Leadership Team

Fintech News Desk
by Fintech News Desk0
CapStar Financial Holdings, Inc. announced the following appointments to its executive management team. Michael J. Fowler resumed his role as Executive Vice President, Chief Financial Officer effective February 11, 2022, after stepping down to Treasurer in the Fall of 2020 to provide care for his spouse during her 18-month battle......
Auditox Accountancy Say Accountants Should Prepare for Changes To R&D Tax Credits Focused on UK Innovation In 2022
Economy Investment Services News

Auditox Accountancy Say Accountants Should Prepare for Changes To R&D Tax Credits Focused on UK Innovation In 2022

Fintech News Desk
by Fintech News Desk0
Accountants will be well aware of the research and development (R&D) tax credit incentives that were brought in from March to June 2021 in the UK. Launched by the government, the initiative aimed to get the country closer to its target of a 2.4% investment in research and development, boosting......
How to Ensure Data Security in Fintech and Financial Services
Fintech News

No Hackers Allowed: How to Ensure Data Security in Fintech and Financial Services

Fintech News Desk
by Fintech News Desk0
What are the core data security challenges in Fintech and financial services? In this Data Hunters discussion with Paras Shah, founder and CEO of LAMR Group, we discover that it’s about matching the needs of the business with the right security strategy Fintech, or financial technology, has revolutionized the way......
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