ABA offers recommendations for improving third-party supervision
In response to a recent OCC request, ABA offered several recommendations for steps third-party service providers should take to support ...
Tag: Third-party risk
OCC eases community bank BSA rules, seeks input on core providers
The OCC announced it is ending Money Laundering Risk System data collection, easing Bank Secrecy Act examination procedures for community ...
Podcast: AI, third-party risk and the future of partner banking
From artificial intelligence to other new technologies to regulatory expectations, how is the partner bank sector shifting?
Report: FDIC needs to improve third-party service provider exam program
The FDIC has not established performance goals and metrics to measure the effectiveness of its program to assess the risk ...
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 ...
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 ...
