by Radhika Lipton | Jan 9, 2023 | RADD ENGAGE
It’s so exciting to announce that we’ve been engaged by a new international Fintech company that will be offering its solution to the United States. This is the first time they’ve entered the market, and they need our help to perform an assessment of... 
by Radhika Lipton | Jan 9, 2023 | RADD ENGAGE
We’re excited to announce our new engagement with a Texas-based Fintech company that hired RADD LLC to perform its regulatory assessment and BAAS platform testing. This is just the first step in a long-term relationship where we will be helping them meet their... 
by Radhika Lipton | Jan 9, 2023 | RADD ENGAGE
We are so excited to announce that we’ve just won an engagement with a southern California credit union with an asset size of 2 Billion. RADD LLC will perform an MRB Risk Assessment and develop and implement the MRB Depository Program for the Credit Union.... 
by Radhika Lipton | Jan 9, 2023 | RADD ENGAGE
We’re excited to announce that we have been hired by a California-based money service business to assist with program development and expansion of their MSB services in various states. We’re looking forward to helping them take their business to the next... 
by Radhika Lipton | Jan 7, 2023 | RADD ENGAGE
We’re thrilled to announce our new engagement with an $82M Southern California Bank, which just hired RADD LLC to provide BSA fractional support and perform BSA program Audit and Model Validation audit. We’re looking forward to helping them stay compliant... 
by Radhika Lipton | Dec 27, 2022 | RADD BUZZ
Jump to section Toggle FDICIA reporting requirementsWhat are FDICIA requirements?Key steps to take in preparing for $500 Million Asset Growth1. Hire an independent public accountant2. Get ready to file an annual report on financial condition and management.Audited... 
by Radhika Lipton | Dec 15, 2022 | RADD BUZZ
Jump to section Toggle HMDA Reporting What is HMDA-LAR, and what information do you need?When must HMDA-LAR be submitted to the government?Who can use HMDA-LAR?What are the three purposes of HMDA?HMDA RulesConclusion The Home Mortgage Disclosure Act (HMDA) is a... 
by Radhika Lipton | Nov 23, 2022 | RADD BUZZ
Jump to section Toggle Elements of an Effective Compliance CultureKey Five Areas of Compliance Culture that Revolve around ‘People and Processes. 1. Commitment from Senior Leaders2. Open and inclusive communication3. Compliance culture monitoring systems 4.... 
by Radhika Lipton | Nov 10, 2022 | RADD BUZZ
Jump to section Toggle Difference Between Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD)When is EDD Needed?Importance of EDD in BankingHow to Perform EDD Enhanced Due Diligence (EDD) is a risk-based approach to KYC procedures. It was developed in... 
by Radhika Lipton | Oct 17, 2022 | RADD BUZZ
Jump to section Toggle What is internal auditing?In-House vs outsourced internal audit, what is the difference?Why outsourcing may be the best approach for internal auditing in financial institutions1. Independence and Objectivity2. Specialised expertise plus a fresh...