2 12, 2020

Vital4 Named Part of 2021 RegTech 100

By |2020-12-03T11:49:23-05:00December 2nd, 2020|Awards, Blog|

Vital4 is proud to be named part of the 2021 REGTECH100. The REGTECH100 is an annual list of 100 of the world’s most innovative RegTech companies selected by a panel of industry experts and analysts. These are the companies every financial institution needs to know about as they consider and develop their mission-critical RegTech and digital transformation strategies. Vital4 provides the most accurate and innovative data solutions on the market, we don’t just check compliance boxes, [...]

11 11, 2020

Banks Beware: Don’t Get Fined for Weak Anti-Money Laundering (AML) Oversight

By |2020-11-11T16:10:13-05:00November 11th, 2020|Blog|

Earlier this year, former Risk Officer at U.S Bank Michael LaFontaine was fined $450,000 for a "failure to prevent violations of the Bank Secrecy Act," according to The Wall Street Journal. U.S. Bank had already been fined $613 million in 2018 for weak anti-money laundering controls, with enforcement action specific to LaFontaine. Before and during LaFontaine's tenure, U.S. Bank used a transaction-monitoring software that placed a cap on the number of alerts generated, preventing the bank [...]

26 10, 2020

Vital4’s Guy Underwood featured in Corporate Compliance Insights

By |2020-11-11T16:11:16-05:00October 26th, 2020|Blog|

In the past, a Chief Risk Officer’s (CRO) position was limited to ensuring that organizations met regulatory and compliance obligations, acting as a sort of failsafe to protect the business in the event of adverse scenarios. However, over time, CROs have acquired more influence across their organizations.  Corporate Compliance Insights recently featured an article from Vital4’s Chief Risk Officer, Guy Underwood, where he discusses the changes in a CRO’s duties and responsibilities that he has seen [...]

23 10, 2020

More Can’t-Miss Sessions! – Virtual MoneyFest October 26-29

By |2020-10-23T09:24:33-04:00October 23rd, 2020|Blog, Events|

On October 26-29, Money20/20 is hosting their first-ever MoneyFest, a virtual event that highlights what would’ve been brought in their live shows in 2020 if it wasn’t for Covid. MoneyFest will be free and available to the entire money ecosystem, both stream-lived and on demand.  The MoneyFest virtual event includes 100+ industry speakers, 20 keynotes, 15 deep-dive panel discussions, and live Q&As. The agenda is packed full of incredible industry experts discussing what’s next for the [...]

20 10, 2020

VITAL4 to Attend Virtual MoneyFest October 26-29

By |2020-10-20T10:17:45-04:00October 20th, 2020|Blog, Events|

On October 26-29, Money20/20 is hosting their first-ever MoneyFest, a virtual event that highlights what would’ve been brought in their live shows in 2020 if it wasn’t for Covid. MoneyFest will be free and available to the entire money ecosystem, both stream-lived and on demand.  The MoneyFest virtual event includes 100+ industry speakers, 20 keynotes, 15 deep-dive panel discussions, and live Q&As. The agenda is packed full of incredible industry experts discussing what’s next for the [...]

27 04, 2020

Georgia On My Mind – In The Midst Of A Crisis

By |2020-06-24T16:41:07-04:00April 27th, 2020|Blog, Trends|

As I write this, our beautiful and amazing state, Georgia, is amid a high profile and extremely controversial soft “re-opening”. Our Governor, Brian Kemp is under fire by the President and many Americans perceive his decision to “open up” as reckless, selfish, garnered by political agenda, and a sheer lack of respect for the rest of the country. Now, for the sake of my sanity, I am going to do my best by not posting my [...]

9 04, 2020

3 Tips For Maintaining Continuity In A Crisis

By |2020-06-24T17:19:08-04:00April 9th, 2020|Blog, Trends|

The world is experiencing a crisis unparalleled in modern times, with the possible exception of the two World Wars. COVID19 is challenging countries, companies and us as individuals to change the way we fundamentally operate to ensure we stay physically, and financially healthy. Governments are delivering enormous aid packages designed to stimulate the economy and protect jobs and incomes of workers where possible. Nowhere is this more evident than in the US where a multi-trillion-dollar package [...]

9 01, 2019

Why Vital4 Chose Rosette for Business-Critical Search of People and Companies in its Due Diligence Platform

By |2020-06-24T16:41:50-04:00January 9th, 2019|Blog, Press Release, Technology|

Customer or money launderer? New hire or felon? Whether it’s for financial compliance or pre-employment screening, due diligence is all about finding names and matching names against watch lists, negative news reports, SEC filings, and more. Vital4 is a standout data aggregator; providing and updating thousands of data sources 24×7 for due diligence vendors and corporate departments. Search—specifically for people and companies—is more than mission critical; it’s the means of making all that data usable. Unsatisfied [...]

20 02, 2017

The top 10 things you need to know about International Background Screening

By |2020-06-24T16:41:35-04:00February 20th, 2017|Background Screening, Blog, International|

1. It’s very different from domestic screening. In the US, the background screening is governed by the FCRA (Fair Credit Reporting Act), and any CRA (consumer reporting agency) performing background screening must be FCRA compliant. The FCRA does not pertain to screening outside of the US. 2. There are over 240 countries and territories outside of the US. It’s a big world out there. This means with over 240 countries and territories across the globe; every [...]

12 01, 2017

Risky Business: Why your organization shouldn’t overlook international background screening

By |2020-09-01T18:57:58-04:00January 12th, 2017|Background Screening, Blog, International|

All organizations have a responsibility to their shareholders, customers, and associates to conduct compliant and risk-averse background checks on their potential contractors and employees without discrimination. Most US businesses that require criminal background screening prior to hire only run a criminal history search on an applicant within the US court systems. This tactic leads to the hire of employees with non-disclosed criminal history and makes the company liable for the employee’s actions while placing associates, clients [...]

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