Banking Agencies Release Guide on Fintech, Community Bank Partnerships
The federal banking agencies today released a guide to help community banks asses risks when considering partnerships with fintech companies.
Browsing: RegTech
Artificial Intelligence and the Pursuit of Compliance Program Optimization
For many compliance professionals, manual processes are not adequate to stay current.
A Third-Party Oversight Program That Works
A dedicated function with new tools, training and skills is necessary for effective oversight.
CSBS Announces New Executive Leadership Team, 2021 Priorities
As part of an organizational restructure, the Conference of State Bank Supervisors today announced its executive leadership team.
Top Regulators Discuss Potential Improvements to Bank Supervision
In remarks at an industry event today, Federal Reserve Vice Chairman for Supervision Randal Quarles discussed possible ways to improve the supervisory ratings system that regulators use to assess banks’ strength in various risk areas to make them “more consistent and more predictable.”
Fed to Publish Interagency Fintech Partnership Guide
In response to feedback from banks and fintech providers, the Federal Reserve, working with other financial regulatory agencies, is developing a fintech vendor due diligence guide for community banks, that would provide specific information about the documents and information they need to successfully complete their due diligence obligations, Federal Reserve Governor Michelle Bowman said in a speech today.
How COVID-19 Is Accelerating the Demand for Efficiency and Automation in Risk Management
The siloed and slow, often manual, processes of the past are giving way to new efficiencies of automation and cloud-based solutions.
Automation and AI Solutions in Risk and Compliance Testing
Emerging technology will enable banks to test complicated transactions and locate problems in areas that are time-consuming to monitor manually.
Compliance Modularity: A Path to Efficiency
A small shift in how you think about your vendors can make a big difference.
ABA Data Bank: Products and Services in the Community Bank Pipeline
The products and services community banks are most likely to launch in the next 12 months.