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Keeping It Safe: Building Controls to Strengthen Banking-as-a-Service Programs


Date 01:00 PM - 01:50 PM (0 hours 50 minutes)
Monday, May 06
Compliance & Regulatory

As the risk of fraud grows and perpetuates, the need for organizations to provide financial services to their customers increases as well. Through the use of open-ended API technologies, businesses are increasingly embedding self-branded banking services into their offerings to provide one-stop payment convenience for their customers, as well as to receive funds and pay quickly and efficiently. How do non-banks implement these types of services while meeting the risk, fraud and regulatory compliance standards that are crucial to keep payments safe and secure, without requiring their customers to create separate banking relationships? This session reviews the workflows and requirements necessary for these programs to comply with the complexity of delivering banking products and services, and speakers detail ways businesses can benefit from fast and secure payments via these third-party relationships.