Sep 18, 2019
The mindset of bank compliance officers is shifting to focus on how they can support product innovation and change management, applying their expertise in regulations and process management ultimately to accelerate the innovation process.
On the latest episode of the ABA Banking Journal Podcast — sponsored by RIVIO Clearinghouse, the future of financial information exchange — community bank chief compliance officer Kevin Georgetti explains that compliance professionals “want to be there at the beginning of a process, so as we go through this world where we want to push products through very quickly, we can have that speed. If you’re up front, you can go quicker.”
Georgetti also talks about how to do compliant digital marketing, the compliance challenges faced by banks growing toward the $10 billion asset threshold and why more community banks are hiring compliance talent from large institutions.