FRS, FDIC, and OCC releases FinTech Due Diligence info for Community Banks
Fintech Due Diligence – Along with the FDIC & OCC, the Federal Reserve released a guide intended to help community banks assess risks when considering relationships with fintech companies. The guide covers six key areas of due diligence that community banks can consider when exploring arrangements with fintech companies: business experience and qualifications, financial condition, legal and regulatory compliance, risk management and control processes, information security, and operational resilience.
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