Tag: compliance


Citi to pay $400m OCC fine for risk management failures

October 12, 2020

Via: Banking Technology

The South Dakota-based bank was found to have “deficiencies” in enterprise-wide and compliance risk management, as well as its data governance and internal controls. As well as paying a hefty fine to the US Treasury, Citi will also have to […]

Capital and Risk, Operational

Cybersecurity & Regtech: Defending The Bank

May 15, 2018

Via: Bank Director

How can financial institutions proactively combat the risks facing the industry today? The 2018 Risk Survey—presented by Bank Director and Moss Adams LLP—compiled the insights of directors, chief executive officers and senior executives of U.S. banks with more than $250 […]

Activity, Corporate Banking

7 ways “conduct risk” can be handled by bank boards

January 12, 2018

Via: Banking Exchange

Serving on a bank board in the U.S. has never been a low-risk proposition. But now, after Wells Fargo’s sales practices consent orders, enforcement actions, civil money penalties, and subsequent investigations, the responsibilities of a bank board member have come […]


The Key to Successful Fintech-Bank Partnerships is Understanding Regulation, Finicity CEO Says

November 10, 2017

Via: Bank Innovation

EXCLUSIVE—If fintechs want to land a successful partnership with a financial incumbent, understanding the regulatory atmosphere of the industry is crucial, Steve Smith, CEO of Finicity told Bank Innovation. When it comes to collaboration with FIs, Smith said, showing a […]

Activity, Corporate Banking

Streamlining banks’ paperwork journey

April 18, 2017

Via: Banking Exchange

In the past, efforts by banks to meet finance, risk, and regulatory compliance obligations typically consisted of maintaining a collection of numerous—and often not integrated—technologies across many parts of the organization. Regulatory platforms were routinely hampered by inflexible technology support, […]


Banking, compliance, and “fintegration”

June 17, 2016

Via: Banking Exchange

Disruption seems to be everywhere today, and one of the poster children for that is Uber, the app-based transportation service. Banker Tom Ryan said that people often like to cite Uber as an example of how to break through regulatory […]


JPMorgan traders sacked over compliance

February 29, 2016


JPMorgan Chase sacked the head of its government debt trading desk and another employee after they allegedly circumvented the bank’s compliance procedures following a disagreement in valuing certain trades, said people familiar with the matter. Andrew Lombara, then head of […]