American Banker
FEBRUARY 28, 2024
The Austin, Texas, bank and fintech says the Federal Reserve has proposed a consent order that would require it to strengthen compliance shortcomings, including anti-money-laundering controls.
PYMNTS
FEBRUARY 6, 2018
Reuters reported news on Tuesday that banking regulators from seven states across the United States are working to, as the newswire reported, “streamline” the FinTech reporting process, with an eye on those tech firms having an easier road toward offering their products and services across the nation.
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PYMNTS
FEBRUARY 20, 2019
Its platform relies on machine learning to organize documents and connect information to enable instant compliance and faster decision making for lenders and developers in the real estate market. The funding will also go to support its effort to expand its software engineering and sales teams located in Austin, Texas. “We
PYMNTS
MARCH 2, 2018
and India drove a surge in FinTech venture capital funding in 2017, and Accenture Financial Services Senior Managing Director Julian Skan pointed to the B2B business model as a significant presence in this trend. Total venture capital across the global FinTech market between 2010 and 2017 hit a combined $97.7 For markets like the U.K.,
PYMNTS
DECEMBER 28, 2016
But nonprofits, burdened by higher compliance requirements than many other businesses, could stand to gain the most from the most cutting-edge innovations. The emergence of B2B payments technologies, like virtual cards and accounting automation, can surely benefit any organization.
Abrigo
DECEMBER 20, 2021
Whether that is the case or not, the reprieve is now over. On December 16, 2021, FinCEN announced an $8 million civil money penalty against CommunityBank of Texas (CBOT) for willful Bank Secrecy Act (BSA) violations and failing to maintain an effective anti-money laundering (AML) program. CommunityBank of Texas' citations.
CFPB Monitor
APRIL 26, 2021
Haynes, III, Senior Pastor, Friendship-West Baptist Church, Dallas, Texas, and Dr. Charles Calomiris, Henry Kaufman Professor of Financial Institutions, Columbia Business School.
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