YouHodler Appoints Igor Bannikov as Chief Risk and Compliance Officer

YouHodler, a Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term platform that helps people access the benefits of the crypto economy, announced today that the company has appointed Igor Bannikov, former Senior Compliance Compliance In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a Read this Term Officer at UBP, a Switzerland-based bank, as the company’s new Chief Risk and Compliance Officer (CRCO).

According to an official press release, Bannikov will oversee compliance within all YouHodler's entities. The company highlighted that Bannikov will be a member of its management team. The newly appointed CRCO will collaborate with other team members to develop a comprehensive risk and compliance management framework.

Bannikov has over 10 years of experience in the Swiss banking sector. He holds master’s degrees in Finance and Law from leading Swiss Universities. He previously worked with UBS, one of the biggest retail banks in Switzerland.

Commenting on the latest appointment, Ilya Volkov, CEO & Founder of YouHodler, said: “Igor is a great addition to our team not only because of his impressive expertise managing risk and compliance but also because he shares YouHodler's values. We're delighted to welcome Igor to our team and believe we will succeed together.”

Igor Bannikov’s Profile

Bannikov spent nearly 4 years at UBP and has a broad range of expertise related to compliance matters. “Before joining YouHodler, Igor served at different senior Risk and Compliance positions at Union Bancaire Privée (UBP), one of the largest private banks in Switzerland, UBS, the biggest retail bank in Switzerland as well as advised several other Swiss Banks on Risk and Compliance related topics. Among other things, he has been consulting in regulatory compliance, AML compliance, client due diligence, taxation and KYC-related matters. He also has experience in setting up a risk control and monitoring system,” the company mentioned.

“I'm thrilled to join the YouHodler team and look forward to contributing to building a consumer-centric entity that supports the coexistence of crypto and fiat for the benefit of people. I am honored to work with such an experienced team and believe in our fruitful cooperation,” Bannikov commented.