financial institution

In this episode of The Consumer Finance Podcast, Chris Willis is joined by Partners Sheri Adler and Mary Weeks to discuss the recent uptick in SEC enforcement activity related to whistleblowers. They focus on the implications for financial institutions and other companies, particularly those targeted by the SEC for documents potentially restricting whistleblowers from reporting violations of securities laws.

Sheri and Mary provide insights into the legal framework of whistleblower protections and offer practical tips for companies to avoid potential pitfalls. They highlight the importance of drafting agreements that do not deter whistleblowing, ensuring internal consistency across all company documents, and considering the language in third-party agreements.

This episode also touches on the potential for similar enforcement actions from other regulators, such as the CFPB, underscoring the need for companies to take a broad, holistic approach to compliance.

At a time when how we pay for things and how we manage our money has increasingly become embedded into our everyday interactions, from using our devices for contactless payments to getting financial advice online, financial institutions are integrated into everything and yet in some ways less visible than they’ve ever been. To talk about what this means for institutions and consumers alike, we’re joined by Dan Roberts, Global Head of Business Banking for HSBC. In his role, Dan travels a lot to get perspective on financial trends around the world. Here he shares what it means to go beyond banking to meet the needs of an increasingly digital world powered by data, AI and tech-enabled information sharing.

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Visit us to learn more about Next-Generation Financial Services at frog. (https://www.frog.co/sector/financial-service-design)

Download the new frog Chief Challenges 5: Banking on Invisibility report. (https://go.frog.co/banking_on_invisibility) 

My next guest for our Women Leaders in Payments series has both an entrepreneur and facilitator spirit, being born into a family of self-starters and go-getters that depended on their entrepreneurial ventures for their foundation. KeyBank Senior Leader, Commercial Payments Carol Wang started her career in marketing but her intrigue with payments quickly changed her trajectory.

One of Carol’s roles at KeyBank is to lead the Solutions Engineering Team – a dedicated department that provides end-to-end technical payment services. Why did Carol choose KeyBank? In a nutshell, she perceived the capacity to build her career the way she wanted to within the infrastructure of a large organization.

As for her guiding principles, there’s one tried and true principle that has been with her throughout her entire career, and one that has adapted as her career has matured. Regarding the tried and true one, Carol emphasizes the importance of looking at who you’re going to work with and for versus just focusing on the job itself. And the other? Having an opportunity that will allow you to make a scalable difference.  

We also discuss her most eye-opening career moments – including a corporate case study she participated in that had some pretty interesting results regarding the typical male and female response. Don’t miss it!

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In this episode of "Relentless Hope," join us as Jill Castilla, President and CEO of Citizens Bank of Edmond, shares her inspiring perspective on leaving a lasting legacy. With a deep sense of stewardship, Jill discusses her role in upholding the institution’s legacy and her dedication to fostering community growth. She highlights the importance of addressing challenging issues, embracing humility, and sharing our stories to inspire others. Tune in to gain valuable insights on making a meaningful impact and leaving a significant legacy.

Learn to love your life, lead with purpose and leave a legacy of helping others with Relentless Hope. The Relentless Hope with Steve Gatena Podcast gives hope a voice by sharing stories from the world’s most passionate leaders.

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Clearinghouse CDFI President/CEO Douglas Bystry discusses Organized Money: How Progressives Can Leverage the Financial System to Work for Them, Not Against Them  with the author Mark Pinsky—one of the nation’s leading strategists and experts on CDFIs, and co-author of the book.

In this episode guest on the podcast is Ofir Shabtai. He is the CTO and Co-Founder of Shield, a technology software company specializing in employee electronic communication compliance. Shield helps organizations uncover hidden insights such as inside dealing, unlawful behavior, market abuse, and privacy matters. With laser-focused AI models designed to detect financial misconduct, Ofir leverages machine learning and NLP to pinpoint suspicious behavior and eliminate over 95% of the noise legacy tools create. Shield helps banks monitor new channels up to 4x times quicker, saving them from multi-million-dollar fines, while cutting supporting IT infrastructure costs in half.

Ofir has over 15 years of experience building large-scale systems. Prior to Shield, he was Co-Founder and CTO at several start-up companies where he built global engineering teams and was responsible for the strategy and execution of real-time systems and big data. Ofir holds an MBA in Business Management from the Hebrew University of Jerusalem and a BA in Computer Science from IDC Herzliya.

Link to Shield: https://www.shieldfc.com/

In the previous episode, we tackled the challenges that asset servicing operations face in managing corporate action events, which require sharing information and involve multiple intermediaries, and how a digitally optimised approach is necessary for asset servicing operations.

In this episode, Adam Cottingham, Global Head of Asset Servicing in London discusses the benefits of asset servicing automation and in-depth insights into what's ahead.

Just before the end of last year, we spoke with Stephen Kohn. He is a leading whistleblower attorney and subject matter expert. He won the largest ever individual tax whistleblower reward of  $104 million for UBS whistleblower Bradley Birkenfeld, and the largest ever reward ever paid to an individual under the related action provisions of the IRS, SEC and DOJ programs ($177 million). He represents Danske Bank whistleblower Howard Wilkinson in the largest money laundering scandal in world history, and successfully represented Greek whistleblowers whose information triggered a $320 million sanction against Novartis drug company under the Foreign Corrupt Practices Act.

We met just a few days before a new AML law was passed in the US Congress. In this episode, you will hear about whistleblowing, the Danske Bank case, and more. 
https://kkc.com/our-whistleblower-law-firm/our-whistleblower-lawyers/stephen-m-kohn/

Paolo Sironi is the global research leader in banking and financial markets at IBM Consulting, the Institute for Business Value. He is one of the most respected fintech voices worldwide, providing business expertise and strategic thinking to a network of executives among financial institutions, start-ups and regulators. Paolo is the author of multiple books, most recently, Banks and Fintech on Platform Economies: Contextual and Conscious Banking.

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(00:00) Partnership: KS Media
(01:42) Introduction
(04:04) Why do you write books on banking?
(08:04) What are platform economies?
(15:40) The challenges for large banks to change
(17:30) AliPay's platform & the output economy 
(22:50) Eliminating friction in super apps for users
(26:00) Payments, credit, investment & insurance services
(32:20) Apple's move into Buy Now Pay Later
(38:13) How do fintech startups become profitable?
(47:30) How to maintain creativity with regulation 
(57:10) Where to find Paolo Sironi 

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Meredith Olmstead and Ida Burr discuss how to respond and deal with negative comments and feedback, especially on social media for banks and credit unions. FI GROW handles a lot of those situations with its clients. When dealing with negative reviews or feedback online, the first thing you want to do is not be afraid of it. Tune in for the best practices for responding to negative comments!

The FI GROW team discusses what's currently trending when it comes to mission-driven policies for community banks and credit unions. Here are some effective ways to better define your financial institution's mission and how to make sure you're proactively abiding by your mission!

As interest and investment in cryptocurrency spikes this year, banks and financial institutions (FIs) must decide whether and how to become involved, or potentially lose revenue and customers if they opt out. 

This is the message from Lawrence Pruss, senior vice president at Memphis, Tenn.-based Strategic Resource Management (SRM) in this week's episode of "The Buzz" podcast. SRM is a consulting firm for FIs and others in areas such as digital transformation, operational efficiency and payment technology. 

Banks and FIs can boost their revenue by offering crypto trading and custody services, among other services,  Pruss tells Bank Automation News. "The opportunity isn't just defending their deposits, but there's opportunities to drive non-interest income in terms of trading revenue," he says.   

There is also potential to attract new customers and increase customer engagement, Pruss notes, as well as help to retain existing clients. "That's an opportunity — when you've got those eyeballs on your mobile banking app — to be able to offer across all other sorts of products and services, maybe even education" on cryptocurrency, he tells BAN, which is still lacking in many cases. 

Banks and FIs have been contacting SRM regarding its new service, Cryptocurrency and Blockchain for Financial Services, which advises on the use cases of crypto and blockchain technology and how to set them up, to be sure they're not written out of the script, Pruss says. Decentralized finance, which has sprung out of cryptocurrency and its underpinning blockchain technology, connects lenders and borrowers while facilitating other financial transactions, all without the involvement of a bank. 

"We've got some real concern from our clients in terms of being disintermediated," Pruss says. "All of a sudden, you realize it's a very competitive environment."

The FI GROW team define what a Digital Branch exactly is, why it's important for your financial institution to take the steps forward to building one and all the best practices when it comes to budgeting for your Digital Branch.

www.startingsustainability.com Do you have a bank? A retirement fund? How about a mortgage or a credit card? Did you know that your financial institution could be using your money to support bad for the earth business like fossil fuel companies? Marco Vangelisti explains how to find out how your money is being used and what you can do to make sure it goes toward helping the planet instead of harming it. Show notes available at www.startingsustainability.com/episode77

Starting Sustainability Merchandise: StartSustainable Etsy Shop

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Sign up for Marco's course Towards Aware and No-Harm Investing   https://ek4t.com/tanhi21Q2/

Don't forget your discount code: START (20% off)

Global Alliance for Banking on Values https://www.gabv.org/

Where to find Marco on social media

    LinkedIn: https://www.linkedin.com/in/vangelisti/

    Facebook: https://www.facebook.com/EssentialKnowledge4Transition

    Twitter: @VangelistiMarco

If you have more question contact Marco at info@ek4t.com

In the first episode of NICE Actimize's podcast, Let's Talk FinCrime, our host Dave Ackerman will chat with Tom Hardin, AKA Tipper X.

Known as “Tipper X,” Tom became one of the most prolific informants in securities fraud history, helping to build over 20 of the 80+ individual criminal cases in “Operation Perfect Hedge,” a Wall Street house cleaning campaign that morphed into the largest insider trading investigation of a generation. As the youngest professional implicated in the sting, Tom was tasked with wearing a covert body wire on over 40 occasions to help the FBI bring down some of its biggest targets in the industry.

In a reunion of sorts, Tom was invited by the FBI-NYC’s office to speak to their rookie agents in 2016 and is now a global keynote speaker, corporate trainer and board advisor on behavioral ethics, compliance and organizational conduct and culture risk. Through rigorous self-examination, Tom took responsibility for his actions as a young professional, used the experience to transform his life and is now on an on-going journey into behavioral science and why employees sometimes make the wrong decision.

Hear the rest of Tom and Dave's conversation by visiting actimize.nice.com/podcast

Want to learn more about Tipper X? Visit his website here.

Clearinghouse CDFI President/CEO Douglas Bystry discusses the birth of the CDFI industry and its evolution over the decades with Mark Pinsky—one of the nation’s leading strategists and experts on CDFIs, and co-author of the book Organized Money: How Progressives Can Leverage the Financial System to Work for Them, Not Against Them.

On this episode of the Climate Conscious Podcast we discuss with Anna Chashchyna her interesting and inspiring journey to becoming a sustainability consultant, helping businesses operate in a sustainable manner, reduce costs, and effectively manage their environmental and social risks. Anna is also an environmentalist, keynote speaker and host of the podcast Sustainability Explored. 

After studying abroad, and facing the lack of employment opportunities in her chosen profession, she returned to Ukraine and launched her career in Sustainability. Initially she worked with a local bank developing their environmental and social management systems, before becoming an entrepreneur as an independent sustainability consultant.  

She shares the lessons learned from persevering through the lack of demand for professionals in the environmental sustainability field. In the moment facing rejection seems like the end of the world but in retrospect you realise how the negative experience leads you to the right place. 

Working in the field of sustainability, not everyone sees it value. Anna focuses her energy on those who recognise the importance of the environment and positive social impact.  

Her advice to aspiring Sustainability Professionals: 

• Find your tribe that will provide emotional support along the journey
• Be consistent and don't expect fast results. The compounding effect of consistent efforts will pay off. 
• Develop the skill of effective and respectful communication. 

Anna also shares the important considerations for managing environmental and social impacts of renewable energy projects.  In the case of solar PV it is critical to consider the project life cycle, particularly the end of life of the pv panels.


 
Resources mentioned - 'The Checklist Manifesto' by Atul Gawande https://www.amazon.com/Checklist-Manifesto-How-Things-Right/dp/0312430000

Contact Anna:

Website: http://annachashchyna.com/

LinkedIn: https://www.linkedin.com/in/annachashchyna/ & https://www.linkedin.com/company/sustainability-explored/
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