August 14, 2019 - 10:03 AM EDT
Deputy Banking Commissioner of Wyoming Leaves Post to Join Prime Trust as Chief of Regulatory Affairs & Compliance
Deputy Banking Commissioner of Wyoming Leaves Post to Join Prime Trust as Chief of Regulatory Affairs & Compliance


Prime Trust announced today that Amanda Ortega has joined the company as its Chief of Regulatory Affairs and Compliance.

As Deputy Banking Commissioner for the State of Wyoming, Ms. Ortega was responsible for the oversight and examination of the state’s banks and trust companies. She led the financial institution examination team to ensure regulatory compliance and the safety and soundness of the state’s financial institutions for the customers they serve.

“Our B2B customers rely not just on our technology and financial services stack, but our ability to deliver regulatory compliance with KYC, AML, escrow, trust, funds processing and custody,” said Scott Purcell, CEO and Chief Trust Officer. “Having Amanda join the team puts an exclamation mark on how seriously we take this obligation and further reinforces our unending commitment to our customers and to regulators regarding the integrity of our services.”

“This is incredibly exciting for the company and the industry,” said Aja Heise, Prime Trust’s Chief Compliance Officer. “By adding Amanda we now have the highest quality, most all-encompassing regulatory and overarching compliance program in the industry.”

During her tenure with the Wyoming Division of Banking, known as one of the most innovative and progressive states in the country, Ms. Ortega was instrumental in assisting the Commissioner in providing counsel to legislators regarding new banking models in general, and blockchain technology in particular. Her work laid the foundation for the State of Wyoming to become the first blockchain-welcoming state.

“I’m excited to join Prime Trust and help ensure overall compliance for the company and for its customers,” said Ms. Ortega, “while at the same time working to see that our financial services can be delivered with as much automation and as minimal friction as possible.”

About Prime Trust

Prime Trust is a Nevada chartered trust company that, as a technology-driven financial institution provides B2B custody, escrow, compliance, fiat processing, transaction software and other services. The firm’s customers include broker-dealers, investment advisers, crypto exchanges, securities ATS’, real estate syndicators, financial institutions, crowdfunding portals, and next-generation financial application innovators. Prime Trust delivers its FinTech services via extensive API’s and is a member of the American Banking Association and the Nevada Trust Company Association.

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Source: Business Wire (August 14, 2019 - 10:03 AM EDT)