The Fintech Times
APRIL 8, 2024
While BaaS solutions offer a lot of potential, many have concerns regarding the regulatory compliance of providers and the third parties that use them. To find out more about the regulatory hurdles the BaaS space possesses, we reached out to industry leaders and asked them which regulatory challenges fintechs should be most aware of.
PYMNTS
FEBRUARY 22, 2019
Office of the Comptroller of the Currency (OCC), over deficiencies that the OCC identified in the Bank Secrecy Act/Anti-Money Laundering (BSA/AML) compliance program. The office recently examined the branches for BSA/AML and Office of Foreign Assets Control (OFAC) sanctions compliance. On Wednesday (Feb.
The Fintech Times
SEPTEMBER 19, 2024
” ‘A beacon of hope’ Brenda Banks , VP of BaaS and BSA at DataVisor “A risk orchestration platform offers a beacon of hope, enhancing financial institutions’ agility,” says Brenda Banks , VP of BaaS and BSA at DataVisor.
FICO
DECEMBER 23, 2020
FinCEN Deputy Director Jamal El-Hindi stressed “transparency and information sharing, the value of BSA (Bank Secrecy Act) reporting data, and the need for legislation regarding the collection of beneficial ownership at the corporate formation stage.” Earlier this year in the U.S.,
FICO
FEBRUARY 14, 2017
I’m going to explore the impact advanced analytics can have on the current state of regulatory compliance. In yesterday’s post, my colleague TJ Horan introduced the topic of artificial intelligence being applied to anti-money laundering (AML). customers are automatically categorized into a risk bucket.
FICO
JUNE 23, 2021
It does not contain an exhaustive list of requirements under the BSA or any other laws and is not for the purpose of providing legal advice. 1 The summary statistics exclude sealed cases.
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