Banking agencies release statement on crypto-asset safekeeping
The Federal Reserve, FDIC and OCC released a joint statement on potential risk-management considerations related to holding crypto-assets on their ...
Tag: Third-party risk
Banking agencies allow banks to collect CIP data from third parties
The order permits banks to obtain TIN information from a third party rather than the customer as long as the ...
Harnessing fintech for digital growth at community banks
A key choice: Out-of-the-box capacity to launch immediately versus the ability to customize a platform to a bank’s needs.
Insights on strategy, risk and regulation in bank-fintech partnerships
A close-up with ABA’s Krista Shonk and Brooke Ybarra.
Cloud services: Outsourcing the service, but not risk
Banks must have strong risk-management practices in place when using third-party cloud service providers, starting with contract language.
OCC: Cyber threats to financial institutions remain elevated
The federal banking sector remains sound, although banks’ operational risk remains elevated as evolving cyber threats target the financial services ...
Federal report outlines potential risks to U.S. financial stability
The U.S. banking system remains resilient but there are pockets of potential vulnerability that need continued monitoring, such as in ...
FDIC extends comment period on proposed bank-fintech recordkeeping requirements
The FDIC extended the comment period for a proposed rule to establish new recordkeeping requirements for banks that enter into ...
More partners, more risk, more oversight
Education and expertise demands rise for boards amid growing oversight expectations for BaaS and fintech partnerships and other third party ...
Report: FDIC considering recordkeeping requirements for bank-fintech partnerships
The FDIC is drafting a proposed rule to require banks to maintain ledgers of “for benefit of” accounts opened by ...
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