Description
Banks are really good at banking. Tech companies are really good at innovation. What happens when they get together? They have a Baby BaaS! Banking-as-a-Service is a relatively new concept that is experiencing exponential growth as FinTechs (hungry for bank stability) partner with banks (hungry for new revenue streams), flooding the market with novel products & services.
Get the details to learn exactly what BaaS is and how it can benefit community financial institutions. Next, discover the emerging risks presented by FinTechs and BaaS, which present the next chapter of Third Party risk management. The study of risks will include a look at the numerous enforcement actions made against banks in connection with their fintech partnerships. Past enforcement actions are a reliable indicator of future regulatory focus, which is still true even in 2025’s deregulation climate!
Finally, this program will dive into the regulatory agencies “Joint Statement on Bank Arrangements with Third Parties to Deliver Bank Deposit Products and Services”, along with the Interagency “Request for Information on Bank-FinTech Arrangements Involving Banking Products and Services Distributed to Consumers and Businesses”. There is a wealth of information to be gleaned – not only to get up to speed on the current FinTech landscape (and lexicon – there is a lot of new terminology to learn!) but also best practices for navigating successful, profitable, and compliant fintech partnerships.
WHO:
Compliance staff, risk managers, policy makers, senior loan management, operations managers, operations staff, deposit operations, ACH staff, and audit.
* Please note that the recording links will be delivered to you via a downloadable PDF in your confirmation e-mail. The PowerPoint that corresponds with the recording will be automatically delivered upon purchasing via email from the website.
