Fintech Compliance Risks and Regulatory Landscape 2023
The risks and regulatory landscape for fintech companies are complex and constantly evolving. To survive, you must navigate a patchwork of federal and state regulations. These include the US Patriot Act, the Bank Secrecy Act, the Fair Credit Reporting Act, and...
Audit Procedures for Financial Institutions
A financial institution audit is a routine check of its services to ensure compliance with legal and industry standards. Hence, the audit procedure is a standardized process set up by banks to assess their level of compliance with relevant rules and regulations. Also...
Top 10 Risk and Compliance Trends for 2023
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...
FDICIA Compliance Readiness: Is Your Financial Institution Prepared?
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...