CPA - medium firm
CPA - large firm
Growth—it's at the center of every board meeting for every financial institution at one point or another. While there are tedious strategies like M&A and branch expansion, they aren't always a good fit. So how do financial institutions unlock non-traditional revenue that's already in their backyard while remaining safe and compliant? Adding additional deposit streams can be as simple as looking at new lines of business.
Join us for this informative webinar and learn how you can add additional revenue by meeting the growing needs of high-risk businesses securely and profitably. Our expert team will address the various facets of launching a non-traditional business line (hemp, cannabis, private ATMs, money service, crypto, etc.).
Topics:
- How to assess market volume in your geographic footprint
- What to consider in online account acquisition
- Strategies for navigating the decision-making process with the board and C-suite
- How to staff the team and leverage subject matter expertise for success
- Which KPIs to consider and monitor, including the risks
- How to address potential roadblocks in BSA/AML regulations
Learning Objectives:
- Recognize the opportunity to unlock non-traditional revenue while remaining safe and compliant
- Determine which KPIs you should consider and monitor, including the risks
- Identify the various facets of launching a non-traditional business line such as hemp, private ATMs, crypto, etc.
Kristin Parker, CAMS, CAFP, CCBP
RiskScout
Director of Compliance
[email protected]
(828) 782-3077
Kristin Parker plays an integral part in RiskScout as the Director of Compliance, offering a unique skill set of risk-based consulting, client outreach, and thought leadership on emerging industries. Parker has had a flourishing career in community bank BSA/AML arenas, including In early 2019 when she successfully created and implemented one of the first Federal Reserve Bank-approved hemp onboarding and ongoing monitoring programs.
Brian Nowak
RiskScout
Senior Compliance Specialist
[email protected]
(512) 655-3042
Brian Nowak brings a wealth of experience to his new position at RiskScout. He has spent over a decade in regulatory compliance and internal audit roles. Brian has worked as a safety and soundness examiner for the Federal Reserve System and held senior executive positions at prestigious accounting firms.
During his tenure at the Federal Reserve, he oversaw all aspects of examinations for both small and multi-billion-dollar financial institutions and bank holding companies. His specialties include evaluating various areas such as risk management practices, asset quality, earnings performance, interest rate risk management products, liquidity, internal controls, and management information systems.
In his new role at RiskScout, Brian will apply his expertise in regulatory monitoring, compliance, lending, credit analysis, loan review, and credit risk management to support the company’s mission of analyzing and assisting financial institutions conducting business in high-risk industries like cannabis and cryptocurrency.
With a well-rounded background in the financial industry, he brings a unique perspective to his work at RiskScout. Nowak’s passion for mentoring and educating young people on personal finance aligns with the company’s mission to support financial institutions in high-risk industries.
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