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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Margaret Holmes Tibbets, CW guest columnist 2024-07-01T15:45:00
Fintech companies offering embedded finance products are facing an existential compliance crisis. To survive, they’ll need to overcome not one but two hurdles.
First, the mantra of “move fast and break things” will no longer cut it for companies looking to live in the financing world. They’ll need to take compliance and regulations as seriously as banks have for decades. This is a major challenge for many, who may be running with very small teams and may lack experience in compliance.
Second, they’ll need to handle compliance at a pace that’s unheard of for banks. Technology and embedded partnerships allow fintechs to onboard new merchants at an unprecedented rate. At that pace, a reactive approach to compliance just won’t do. They’ll need the teams, systems, and software in place to scale quickly without negatively impacting the compliance and safety of their products or creating unnecessary risks for their partners and merchants.
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News and analysis for the well-informed compliance or audit exec. Select an option and click continue.
Annual Membership $499 Value offer
Full price one year membership with auto-renewal.
Membership $599
One-year only, no auto-renewal.
2024-07-26T19:49:00Z By Aaron Nicodemus
Three federal banking regulators issued guidance on the risks posed by the use of third-party financial technology firms to deliver bank deposit products and services to customers.
2024-12-11T03:53:00Z By CW Staff
Atmos Energy Corporation announced that Jessica Bateman Pulliam has been appointed to the position of senior vice president, general counsel and corporate secretary, effective Jan. 1.
2024-12-11T03:44:00Z By CW Staff
Healthcare Realty Trust Incorporated announced that Andrew Loope, senior vice president, corporate counsel and secretary, will be promoted to executive vice president, general counsel, and secretary.
2024-07-01T15:44:00Z By Aaron Nicodemus
During a panel at Compliance Week’s Financial Crimes and Regulatory Compliance Summit, held June 10-11 in New York, experts discussed nuances in bank-financial technology partnerships, offering best practices for how banks should protect themselves.
2024-05-06T15:29:00Z By Aaron Nicodemus
The Federal Deposit Insurance Corporation, Federal Reserve Board, and Office of the Comptroller of the Currency combined to provide guidance on third-party risk management focused on the unique risks faced by community banks in their third-party relationships.
2023-11-07T20:00:00Z By Compliance Week
This session from Compliance Week’s 2023 virtual Third-Party Risk Management & Oversight Summit features a discussion between Jessica Sanderson, founding member at Sanderson Law Firm, and Rodney Campbell, senior vice president, head of third-party risk management at Valley National Bank. The event was held Nov. 6-7, 2023.
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