by Chinedu Nnadi | Sep 14, 2022 | RADD BUZZ
As the financial services industry evolves, financial institutions (FIs) increasingly turn to fintech to meet their needs. For one thing, fintech offers innovative solutions that help FIs deliver new capabilities, respond to changing customer expectations, increase...
by Chinedu Nnadi | Aug 28, 2022 | RADD BUZZ
All over the world, there are stringent laws that require banks to implement measures against money laundering. In the US, banks implement these measures through the Bank Secrecy Act(BSA)/Anti-Money Laundering Act (AML). Since its enforcement in the 1970s, the BSA/AML...
by Chinedu Nnadi | Aug 15, 2022 | RADD BUZZ
In the financial industry, regulations are a big deal. You have to comply with them to stay in business. Whether it’s payment fraud, cybersecurity breaches, money laundering, or terrorism financing, regulators are always ready to pounce. Financial institutions...
by Chinedu Nnadi | Aug 2, 2022 | RADD BUZZ
For most businesses in America, banking is a straightforward affair. Not many industries can operate without banks and the banks, for their part, benefit from large corporate accounts. However, when it comes to cannabis-related businesses, banking can be a real...
by Chinedu Nnadi | Jun 11, 2022 | RADD BUZZ
Best Types of Fintech Companies to Partner With Financial institutions are under pressure to succeed in the digital age. They need to partner with the best fintech companies out there to keep up. Currently, nearly 90% of financial institutions consider fintech...
by Chinedu Nnadi | Apr 15, 2022 | RADD BUZZ
To have an effective regulatory compliance strategy, institutions need to use internal audits and risk assessments. Part of which is cybersecurity and vendor management , the focus of this blog. The most effective internal audit teams want to go beyond the...
by Chinedu Nnadi | Apr 5, 2022 | RADD BUZZ
To have an effective compliance strategy, financial institutions need to use internal audits and risk assessments as such we tend to discuss the risk assessments and internal audit usage in compliance strategy. The most effective internal audit teams want to go...
by Chinedu Nnadi | Mar 27, 2022 | RADD BUZZ
Why was the Community Reinvestment Act created? Community reinvestment act was created to require regulatory agencies to encourage financial institutions to help address the credit needs of low and moderate-income neighborhoods through lending and community...
by Chinedu Nnadi | Mar 13, 2022 | RADD BUZZ
An internal auditor is a professional who assures that an organization’s risk management, governance, and internal control processes are effective. Audits completed by experienced auditors are designed to mitigate an institution’s risks and improve its...
by Chinedu Nnadi | Feb 26, 2022 | RADD BUZZ
Your financial constitution is constantly at risk of being victim to natural or manmade disasters. While you can’t prevent random acts of nature, it is possible to protect your institution’s and customers’ assets from being lost by investing in...
