Risk and Compliance Roundup
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???In the News
Risk and compliance stories we're following
ABA, BPI Urge FDIC to Rethink Deposit Insurance Signage Updates
Source: ABA
FDIC seeks to update regulations regarding banks’ use of the agency’s name and logo in light of new banking channels such as mobile and digital banking.
OCC Releases CRA Evaluations for 35 Institutions?
Source: Bankers Online
The OCC has released a list of CRA performance evaluations that became public during the month of March 2023.
Treasury Releases 2023 DeFi Illicit Finance Risk Assessment
Source: Compliance Alliance
The U.S. Department of the Treasury published the 2023 DeFi Illicit Finance Risk Assessment, the first illicit finance risk assessment conducted on decentralized finance (DeFi) in the world.
FDIC Issues List of Banks Examined for CRA Compliance
Source: FDIC
The Federal Deposit Insurance Corporation (FDIC) today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA).
???FinTech Updates
Latest Financial Technology (FinTech) trends
Impact of the Banking Crisis on Bank-FinTech Relationships
Source:?JD Supra
The recent banking crisis has highlighted the need for FinTechs to take a strategic approach to their current and future bank partner relationships.
Societe Generale Taps Lemonway for B2B Marketplace Payment Services
Source: FinTech Futures
Lemonway provides a platform designed to simplify payments for product, service and financial marketplaces, enabling third-party payment processing, e-wallet management, customer verification and payment account opening.
J.P. Morgan to Acquire Aumni for Its VC Investment Analytics Software
Source: FinTech News
J.P. Morgan has inked a deal to acquire Aumni, a U.S.-based investment analytics software provider for the venture capital industry. Financial terms of the transaction were not disclosed and closing is expected in the first half of 2023.
???Executive Moves
Key risk and compliance hires
Southern First Appoints Andy Borrmann as Chief Financial Officer
Source:?PR Newswire
Southern First Bancshares, Inc. holding company for Southern First Bank, is pleased to announce the appointment of Andy Borrmann as Chief Financial Officer and Executive Vice President.
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Chubb Names New Chief Risk Officer
Source: Insurance Business Mag
Chubb Limited has announced that Frances O’Brien has been appointed executive vice president of Chubb Group and chief risk officer.
Private Advisor Group Expands Finance Team with New CFO
Source: NJ Biz
Not long after Private Advisor Group named a new chief executive officer, the Morristown-based wealth management firm appointed its next chief financial officer.
???What's Trending
Best of?social media
Regulatory Relief for Arkansas?
Source: FDIC (Twitter)
The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Arkansas affected by severe storms and tornadoes.
Federal Reserve Board Accepting Applications for Its Community Advisory Council
Source: Federal Reserve (Twitter)
On Monday, the Federal Reserve Board announced that it is accepting applications from individuals who wish to be considered for membership on the Community Advisory Council, or CAC, which advises the Board on issues affecting consumers and communities.
CFPB Issues Guidance to Address Abusive Conduct in Consumer Financial Markets
Source: CFPB (Twitter)
The Consumer Financial Protection Bureau (CFPB) issued a policy statement that explains the legal prohibition on abusive conduct in consumer financial markets and summarizes over a decade of precedent.
Predict360 Issues Management Software
Source: 360factors (LinkedIn)
Predict360 Issues Management Software has a configurable workflow engine that supports unique workflow processes for issues, tasks, and incidents with easy-to-use data collection forms and automated alerts.
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