What You'll Learn
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. What can possibly go wrong? Learn all about it, and how to manage it much like you would third party vendor risk.
Topics covered in this course
- Understanding Banking-as-a-Service (BaaS) Fundamentals
- FinTech Partnerships and Emerging Third-Party Risks
- Lessons from Regulatory Enforcement Actions
- Regulatory Guidance and Best Practices for Compliant Partnerships
About the Author:
Rebekah is the owner of Elucidate LLC, a compliance training and consulting company. Elucidate means to "make clear, explain, throw light upon", and describes Rebekah's desire to illuminate the complexities of compliance with passion and fun. She's created and produced a TRID music video parody and several Compliance Breakout escape rooms, which she frequently provides at state banking compliance conferences. She is an accomplished speaker and regularly provides webinars through BOL and Compliance Resource. Rebekah is currently serving as the VP Director of Compliance for a $6 Billion community bank in Montana. She began her career in 1995 at a private lending company, but soon settled into banking, where she's covered nearly all of it - customer service and teller work, loan processing and review, and security and business continuity. She now oversees CRA, BSA and all aspects of compliance as a senior leader. She has successfully navigated numerous FDIC Compliance, CRA, and BSA Exams. Rebekah has a bachelor's degree in Organizational Leadership from Chapman University (Magna cum Laude), attended the American Bankers Association National Compliance School in 2003, and has held her Certified Regulatory Compliance Manager designation since 2006.
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