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PSCU Taps New Leaders To Advance Products, Innovation

PYMNTS

PSCU has appointed Denise Stevens as senior vice president and chief product officer, while Scott Young will head the product delivery leadership team as vice president of innovation, PSCU announced today (Feb. Stevens will oversee product delivery and management, as well as its innovation teams. Young will report to Stevens. “We

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Bitcoin Daily: TokenAnalyst Shuts Down; Crypto Lender BlockFi Hires Traditional Finance Execs To Lead Expansion

PYMNTS

David Olsson will serve as global managing director of European and Asian markets, while Wittney Rachlin will serve as chief growth officer. Olsson will be tasked with expanding the institutional services of BlockFi, supervising sales strategy, business development and risk management throughout Asian and European markets.

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Avoiding AML compliance penalties – Tips from a former regulator

Abrigo

FinCEN said this was done with little to no risk management program. The credit union was not reviewing 314(a) requests, not conducting independent testing, and could not provide regulators with a meaningful risk assessment. The revenue generated from this relationship made up over 90% of the credit union's annual income.

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CFPB issues fourth biennial report on credit card market

CFPB Monitor

The CFPB’s fourth biennial report on the credit card market was issued at the end of August. The Credit Card Accountability Responsibility and Disclosure Act of 2009 (CARD Act) requires the CFPB to perform periodic market reviews. The report discusses developments to platforms that allow consumers to manage their accounts.

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CEO Davies Exits Revolut After One Year

PYMNTS

What a journey in the last year – leadership teams and operations in Ireland, the U.S., Australia and Singapore … rolling out Revolut’s banking operations in Europe … strengthening risk management and compliance … multiple new product launches … $580m in new equity … and customer base up around 2.5x!

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Coupa’s Downside Guidance Overshadows Strong Q4

PYMNTS

Corporate spend management technology company Coupa has released its fourth quarter earnings performance and full year for FY2019, pointing to Q4 as “the strongest quarter yet in our company’s history,” according to Chief Executive Officer Rob Bernshteyn. Total revenues were pegged at $74.9

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Fraud prevention and detection: Empowering clients through education

Abrigo

Effective fraud risk management includes detection and fraud monitoring that should consider customer or member history and behavior. These events are a great way to show leadership and support to the community while having face time with customers, members, and prospects and maximizing time spent.

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