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Managing the Privacy Function in a Financial Institution
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05-01-24

Managing the Privacy Function in a Financial Institution

In a financial institution dedicated to Privacy compliance, the Privacy Officer does much more than manage the Privacy Policy and oversee the sending of the initial and annual Privacy Notices. In this article we look at the multiple departments, disciplines, and skillsets needed for effective management of the Privacy function.

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Bates Sponsors 2024 FSDA Industry Outreach Program April 18

04-18-24

Bates Sponsors 2024 FSDA Industry Outreach Program April 18

Bates Group is a proud Platinum Sponsor of the FSDA Industry Outreach Program "2024: Getting Back on Track," April 18, 2024 at the University of South Florida CAMLS center. Hear from industry professionals, regulators, and the country's top experts on industry trends, regulatory challenges, and what the rest of 2024 and the future hold.

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Avoiding Technology, Data, and Staffing Disconnects when Banking Fintechs
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04-17-24

Avoiding Technology, Data, and Staffing Disconnects when Banking Fintechs

With the increase in the number of financial institutions that are banking Fintechs, there has been a corresponding increase in regulatory scrutiny over this space. In this article, we look at the three fundamental disconnects occurring in the AML and Fraud risk management systems of financial institutions that bank Fintechs, and what can be done to avoid falling under a regulatory consent order.

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SEC Adopts Internet Adviser Exemption Rule Changes

04-02-24

SEC Adopts Internet Adviser Exemption Rule Changes

The SEC has announced its adoption of amendments to the internet adviser exemption governing SEC registration eligibility for certain internet investment advisers. Any adviser no longer eligible under the exemption must withdraw its SEC registration and register in one or more states by filing a Form ADV-W by June 29, 2025.

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AI Inventory and Risk Assessment: What a Financial Institution Risk Officer Needs to Know
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03-14-24

AI Inventory and Risk Assessment: What a Financial Institution Risk Officer Needs to Know

For managers at financial institutions to understand AI risk, they first need to conduct a thorough inventory of what AI is being used, by whom, and for what purpose inside their firm. Regardless of where an institution is in its AI journey, it’s best to take the time to conduct an AI inventory and risk assessment to identify and remediate risks in order to stay safe and sound.

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