by Radhika Lipton | Jan 16, 2023 | RADD BUZZ
With the rapidly growing digital revolution, financial institutions have undergone a significant technological change to meet demands from increasingly sophisticated customers and global competition. Hence, it is crucial to know what should be your risk and compliance... 
by Radhika Lipton | Dec 27, 2022 | RADD BUZZ
FDICIA stands for the Federal Deposit Insurance Corporation Improvement Act. It is a law enacted in the United States in 1991 as a response to the savings and loan crisis of the 1980s. Enforced by the Federal Deposit Insurance Corporation (FDIC), the FDICIA as we... 
by Radhika Lipton | Dec 15, 2022 | RADD BUZZ
The Home Mortgage Disclosure Act (HMDA) is a federal law that requires lenders to report certain information about their mortgage loan applications to appropriate authorities. This regulation applies to banks, savings associations, credit unions, or other institutions... 
by Radhika Lipton | Nov 23, 2022 | RADD BUZZ
Compliance culture is an organization’s set of policies, practices, and behaviors that allows it to ‘play safe’ in its operation. Compliance culture in the financial service industry is how an organization implements and executes its compliance... 
by Radhika Lipton | Nov 10, 2022 | RADD BUZZ
Enhanced Due Diligence (EDD) is a risk-based approach to KYC procedures. It was developed in response to the increasingly complex financial crime environment. Banks have always been required to know their customers before providing them with banking services, but... 
by Radhika Lipton | Oct 17, 2022 | RADD BUZZ
Internal audit departments have been a core component of financial institutions for decades. However, with the rise of regulatory scrutiny and the complex risk landscape of financial institutions, having an in-house team is not always feasible. In today’s...
