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FinCEN Announces New Digital Innovation Officer/Deputy Director

PYMNTS

The Financial Crimes Enforcement Network (FinCEN) has announced Michael Mosier as its new digital innovation officer and deputy director. Mosier oversees FinCEN’s wide-ranging work to protect the financial integrity and national security of the United States,” the release states.

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FinCEN and OCC address cryptocurrency: responsible innovation and pervasive hype

CFPB Monitor

On May 19, 2022, the Associate Director of the Enforcement and Compliance Division of the Financial Crimes Enforcement Network (“FinCEN”), Alessio Evangelista, spoke at the Chainalysis Links Conference in New York City on the topic of “The Intersection of Cryptocurrencies and National Security.” Responsible Innovation “.

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Sterling Bancorp Names Leaders Of Innovation Finance Group

PYMNTS

Sterling Bancorp announced that it has launched its new Innovation Finance Group , and has tapped veteran technology bankers John Hoesley and Josh Roberts to lead it. Before joining Sterling, Hoesley was at CIBC Bank USA with Josh Roberts, where the two established the Innovation Banking group in 2014.

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FFIEC Cybersecurity Maturity Assessment Tool

Cisco

In 2015, following a significant increase in nation state and hacktivist attacks on U.S. This was revised in 2017, and this consistent framework is intended to be able to help leadership and the board assess their preparedness and risk over time. The second aspect of the assessment is understanding cybersecurity maturity.

Tools 114
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Data, Security Monopolize B2B Funding Rounds

PYMNTS

. “It’s a huge anomaly,” said Small Business Administration Head of Innovation and Investment Mark Walsh, referencing the ability for startup founders to make it without venture capital. Check out who secured venture capital in our breakdown below. Check out who secured venture capital in our breakdown below.

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Bank CIOs Must Break Through The Tactical Barrier

Gonzobanker

Today, banks have no choice but to look more like tech companies: tech companies are offering banking services, innovative financial institutions are deploying banking as a service (BaaS) offerings, and digital transformation is dominating the strategic priorities of most financial institutions. A national unemployment rate of 3.6%

Resources 146
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NACHA Report: Inaugural Meeting Of API Standardization Industry Group

PYMNTS

National Automated Clearing House Association ( NACHA ) — the Electronic Payments Association — and the Payments Innovation Alliance recently released a summary report from the API Standardization Industry Group’s inaugural meeting, which took place in May. Despite the obvious benefits of APIs, adoption — particularly within the U.S.

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