ABA urges regulators to modernize supervisory approach to bank-fintech partnerships
Federal banking agencies should use their request for information on bank partnerships with financial technology companies to modernize their approach ...
Tag: Fintechs
New York Fed: Nonbank fintech firms drove increase in unsecured lending
Roughly 22.7 million American borrowers had an outstanding unsecured personal loan at the end of June 2023, with loans from ...
Top 10 takeaways from the interagency third-party risk management guidance
All banks should conduct a gap analysis to identify opportunities to strengthen their TPRM programs and align them with the ...
Fed’s Bowman calls for greater regulator scrutiny of outsourced banking services
As banks become increasingly reliant on third-party service providers, Federal Reserve Governor Michelle Bowman said bank regulators should “consider the ...
Banks’ pursuit of fintech partnerships requires optimizing change management
“The crux of the issue is that ultimately the bank has to have a strong oversight and management system.”
Fed Proposes Tiered Review Framework for Payments System Access
The Federal Reserve today published for comment updates to the proposed guidelines it will use when evaluating requests for master ...
Bank Tech Trends for 2022
Banks that embrace innovation and harness the power of data and new technology—while remaining focused on customer service basics—will be ...
