Transformative Fintech Compliance: How Savvy Companies
Get to Yes and Drive Innovation
Presentation Date & Time:
Date: May 18th
Time: 1:45 PM to 2:35 PM
Presenter Information:
Name: Michelle Prohaska
Organization: Nymbus
Name: Aleda De Maria
Organization: PeoplesBank
Presentation Description:
In this session, we will delve into the specific challenges and opportunities faced by financial institutions as they navigate regulatory requirements and strive to foster a culture of innovation. We will discuss how compliance can be used by fintechs and financial institutions alike as a catalyst for positive change and how to align compliance efforts with corporate values, vision, and cross-functional business objectives. Attendees will learn practical tips for building a compliance program that meets banking regulatory requirements, partners with other teams within the organization to support business goals, and drives value as a strategic tool for the organization, all while fostering a culture of innovation in the banking industry.
Attendees will understand the importance of fostering a culture of innovation and compliance in the banking industry and the role that compliance teams in both fintech and financial institutions can play in supporting and promoting innovation. Attendees will learn strategies for promoting micro-innovation within compliance teams, including how to encourage and support experimentation and risk-taking, create an environment that supports continuous learning and improvement, and measure the impact of these efforts. Attendees will learn best practices for aligning compliance efforts with business goals, including how to integrate compliance into strategic planning and decision-making processes, measure the impact of compliance on business outcomes, and effectively communicate the value of compliance to stakeholders.
Presentation Date & Time:
Date: May 18th
Time: 1:45 PM to 2:35 PM
Presenter Information:
Name: Michelle Prohaska
Organization: Nymbus
Name: Aleda De Maria
Organization: PeoplesBank
Presentation Description:
In this session, we will delve into the specific challenges and opportunities faced by financial institutions as they navigate regulatory requirements and strive to foster a culture of innovation. We will discuss how compliance can be used by fintechs and financial institutions alike as a catalyst for positive change and how to align compliance efforts with corporate values, vision, and cross-functional business objectives. Attendees will learn practical tips for building a compliance program that meets banking regulatory requirements, partners with other teams within the organization to support business goals, and drives value as a strategic tool for the organization, all while fostering a culture of innovation in the banking industry.
Attendees will understand the importance of fostering a culture of innovation and compliance in the banking industry and the role that compliance teams in both fintech and financial institutions can play in supporting and promoting innovation. Attendees will learn strategies for promoting micro-innovation within compliance teams, including how to encourage and support experimentation and risk-taking, create an environment that supports continuous learning and improvement, and measure the impact of these efforts. Attendees will learn best practices for aligning compliance efforts with business goals, including how to integrate compliance into strategic planning and decision-making processes, measure the impact of compliance on business outcomes, and effectively communicate the value of compliance to stakeholders.
Aleda De Maria Biography
Aleda DeMaria is a seasoned banking executive with a proven track record of leading high performing teams, driving growth and delivering results. As the Executive Vice President of PeoplesBank, she leads the divisions of digital growth, retail, operations and consumer lending. She is one of founders of the Bank’s digital-only brand, ZYNLO Bank. In 2022, ZYNLO Bank received the recognition of Highly Commended for Best Digital Initiative in the Fintech Futures Banking Tech Award series. She has participated in several industry articles, conferences and podcasts and is knows for being a strategic thinker and leader.
Aleda is a certified Six Sigma Green Belt and holds a bachelor’s degree in Business Management from Westfield State University and an MBA from Western New England University. She resides in Massachusetts with her daughter, Kyla, and her dog, Tucker.
Aleda is a certified Six Sigma Green Belt and holds a bachelor’s degree in Business Management from Westfield State University and an MBA from Western New England University. She resides in Massachusetts with her daughter, Kyla, and her dog, Tucker.
Michelle Prohaska Biography
In her role as Chief Compliance Officer at Nymbus, Michelle leads both the Compliance and Fraud strategic and operational functions. Michelle began her career in banking as a teller prior to graduating with her undergraduate degree in Accounting from Upper Iowa University. She then continued on to law school, graduating from the University of Iowa College of Law in 2015 and obtaining her license to practice law in the State of Iowa that same year. After graduation Michelle spent three years working as a senior regulatory compliance consultant with RSM US LLP, followed by three years as a VP of Compliance and later VP of Risk Management for a $1B credit union in the Midwest. Michelle has been with Nymbus since 2020 and holds active NCCO, NCRM, and CRCM compliance certifications. She has published content with CUInsight, Bank Director, and Forbes. In 2021, Michelle was named to Diligent’s Modern Governance 100 as a Risk & Compliance Visionary, and in 2022 received a Highly Commended award as a Fintech Rising Star from Fintech Futures.
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