U.S. anti-money laundering regulations are extensive, filled with explicit and implicit requests, and require studying. However, the benefit of knowing them is fundamental: It will save you time, money, and maybe your business. The...Read More
CEO & President Garrett Gafke in Risk & Compliance Magazine
"There have been a number of significant developments affecting RegTech. First, the explosion of FinTech has helped large financial institutions as well as brand new firms. They, in turn, provide greater access to financial services, especially to the underserved. Second, there has been an acceptance that tech can solve regulatory issues, not just fraud but traditional back-office regulatory concerns for start-ups as well as large financial institutions. Third, automation has become a driver of compliance efficiencies, with small firms scrambling to automate so they can scale efficiently and large firms automating to become better. Finally, the use of a tremendous amount of Big Data is helping to prevent and detect fraud, money laundering and financing of terrorism.'
Whitepaper: 10 Best Practices for Fraud Mitigation in the Lending Onboarding Process
Online Lenders are an increasing target for fraudsters. Use these 10 best practices to stay ahead of them.
We've created this Best Practice Report for online lending executives looking for ways to integrate strong identity verification into the loan origination and customer onboarding process.