Banking agencies pledge more scrutiny of core provider business practices
The federal banking agencies pledged to step up oversight of third-party core providers whose business practices “unreasonably limit” community banks ...
Tag: Third-party risk
Report: Third-party risk management teams remain small while vendor use grows
Financial institutions are managing larger vendor inventories with leaner teams while confronting emerging risks, such as those presented by artificial ...
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 ...
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.
