- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
Core banking platform provider Tuum announced the appointment of Stephen Frame as its new head of compliance and risk.
Frame’s experience includes leadership roles such as managing director of a Berlin-based payments firm regulated by BaFin and Deutsche Bundesbank, as well as chief compliance officer for a UK-regulated EMI under the FCA.
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USAA Federal Savings Bank has been hit with its third cease and desist order from the Treasury Department’s Office of the Comptroller of the Currency in the past five years for failing to correct unsafe and unsound banking practices.
Any product that uses AI needs to be safety assessed for its entire lifespan under new rules that went into effect recently across the EU. Experts warned companies using AI to tailor products could be classed as “manufacturers” and face the same duty of care as developed.
National Philanthropic Trust announced the appointment of Tamara Watts, vice president, legal and general counsel for The Susan Thompson Buffett Foundation, to its board of trustees.
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