Category Archives: Uncategorized

As part of the Day 2 opening keynote at Compliance Week’s National Conference, two SEC commissioners from opposing political parties presented slightly different views on how to evaluate the culpability of poor performing chief compliance officers. Moderator Ken Joseph, a former SEC regulator who is now executive director at Kroll, has questioned Democrat Allison HerrenContinue reading “At CW 2022, SEC Commissioners Discuss CCO Liability, Crypto Regulation & More”

Acting Comptroller Michael Hsu announced that the Office of the Comptroller of the Currency is evaluating its merger policy agenda, signaling an increase in the multi-agency initiative to overhaul how bank mergers are handled. Hsu said he has instructed senior OCC officials to consult with the Department of Justice and other federal banking authorities toContinue reading “Hsu: OCC Joins Wider Bank Merger Review”

The Consumer Financial Protection Bureau (CFPB) said that it will investigate nonbank financial enterprises that represent a threat to customers using a rarely used regulatory provision. The CFPB thinks that resurrecting this jurisdiction will safeguard customers and better compete between banks and nonbanks. The CFPB is also gathering public input on a technical rule thatContinue reading “CFPB Activates Dormant Authority to Investigate Nonbank Companies Posing Risks to Consumers”

The impact of technology on payment methods A payment system is a set of tools, methods, and rules that enable participants to transfer funds. The foundation of these methods is advanced and safe transfers. We must keep ourselves updated with the changing world of payment systems because they are critical to the functioning of anContinue reading “The Rapid Revolutionizing Methods of Payments”

KuantSol will be attending the event to network and learn about the financial market, as well as to demonstrate the technology they offer to the audience. The conference will showcase startup and established industry leaders’ innovation and progress. Come visit KuantSol at LendIt NYC on May 25th & 26th – Kiosk Number SU9. Click HereContinue reading “LendIt Fintech USA 2022”

KuantSol Inc. successfully completed initial pre-seed Bridge fundraise. In addition to another follow up funding from Kyto, several early investors also added to their original investments along new investors. The bridge round closed well oversubscribed on April 22nd, 2022.

The battle for tech talent is heating up, and many banks are stepping up their efforts to keep up. Small and midsize banks are experiencing labor shortages because of this conflict: Only 28% of 122 executives at U.S. banks with assets under $100 billion (about $310 per person in the US) said they had aContinue reading “As Competition Heats Up for Tech Talent, Banks Are Battling It Out”

KuantSol will be participating at Finovate 2022 in San Francisco on May 18th and 19th. The event will begin at 11:35 am on Wednesday, May 18th. KuantSol is engaging in the event to network and gain knowledge on the financial market and exhibit the technology they provide to the audience. The conference will display innovationContinue reading “Finovate San Francisco 2022”

President Joe Biden signed the Adjustable Interest Rate (LIBOR) Act into law on March 15, 2022, as part of a $1.5 trillion (about $4,600 per person in the US) omnibus spending bill. The LIBOR Act is a key piece of federal law, altering contractual terms for billions of dollars in existing financial transactions around theContinue reading “Five Things Financial Market Participants Should Know About Federal LIBOR Law”

René Jones, CEO of M&T Bank, argues that alternative lenders should be held to the same regulatory standards as traditional banks.  Jones said in his annual letter to shareholders that regulators’ ability to make real change through new regulations and policies is ‘fundamentally limited’ as long as nonbanks function under new set of circumstances.   HisContinue reading “M&T’s CEO Pushes for Further Regulation of Nonbanks”