Exploring Federal Banking Regulators Guidance on Third-Party Risk Management

The Fed, the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency collaborated to establish consistent guidance across the three entities to address the vastly expanded Bank/Fintech relationships that have experienced rapid growth over the past few years. Speakers in this session discuss what all federally regulated financial institutions are expected to do to select and manage their third-party service providers including third-party payment processors and Fintech companies. Attendees come away from this session with an understanding of the roles and responsibilities of third-party payment processor and nested/downstream payment processors such as nested Third-Party Senders and independent sales organizations.