What’s the Latest on Fintech Charters and What About That Russian Laundry?
In the April edition of Compliance Insights, we discuss the Office of the Comptroller of the Currency’s draft supplement, released in March, which further outlines the application guidelines for fintech bank charters (covered previously in our January issue). We also lay out previously unknown details of the “Russian Laundromat” money laundering scheme, as reported by the Organized Crime and […]
Proving Procurement’s Value to Stakeholders: Show Them the Money
There is no doubt that procurement organizations deliver value, through strategic sourcing, category management and other means. What distinguishes procurement organizations perceived as top performers from the rest is how well they quantify the value they deliver to the company. Recently, I had the opportunity to moderate a panel discussion about the challenges of demonstrating […]
IT Audit Webinar: Your Questions Answered
Following up on a recent blog post discussing the results of the 6th Annual IT Audit Benchmarking Study from ISACA and Protiviti, I want to revisit the subject by answering some of the audience questions we were unable to address live during the webinar, which I co-hosted with my Protiviti colleague David Brand and ISACA director […]
Cyber Safety Tips for Private Equity Managers
Cybersecurity vendor FireEye, in March, reported an increase in fake emails targeting lawyers and compliance officers with malware disguised as a Microsoft Word document from the Securities and Exchange Commission. That, on the heels of a reported uptick in fake drawdown requests targeting private equity clients, prompted us to put together a list of ways […]
Fintech Perspective: Balancing Speed to Market With Sound Risk Management
As financial institutions develop innovative technology, in-house or by partnering with fintech companies, they need to carefully consider regulatory requirements for both third-party risk management and information security. Protiviti hosted a Fintech Innovation webinar on April 5, which addressed the need for banks and other financial institutions to balance sound third-party risk management with the […]
Health Check on Emerging Growth Companies: PCAOB Reports High Incidence of Material Weaknesses
A new white paper from the Public Company Accounting Oversight Board (PCAOB) and an April increase in qualifying revenue limits have put emerging growth companies (EGCs) in the news recently. The EGC designation, established under the Jumpstart Our Business Startups (JOBS) Act of 2012, makes it easier for small and growing businesses — specifically those […]
