Due Diligence and Monitoring Bank-Fintech/Third-Party Partnerships

Divorces and separations can be messy and costly to all parties. This session will analyze the recent consent orders that have been issued related to bank partnerships with third parties. Speakers discuss the importance of FI risk-based monitoring from onboarding through annual review. Like any relationship, these partnerships require consistent engagement and continuing communication. Attendees come away from the session with insight into the necessity of ongoing monitoring of internal controls in relation to changes to the companies’ programs and external factors such as changing laws and regulations to support the compliance obligations of both parties.