Vendor Due Diligence & FinTechs

On Demand Course

Instructor: Maureen Carollo

What You'll Learn

In this Course, we discuss what the regulators are looking for in your next safety & soundness exam and how your fintech due diligence program should look.

Vendor due diligence is not just for small banks anymore-it is for all banks. After the COVID-19 pandemic and the continued development in the Banking as A Service (BaaS) environment and the explosive growth of payment services by all types of vendors, banks of all sizes must have a robust vendor due diligence program in place and even more so when dealing with FinTechs.

Regulators have become extremely interested in your VDD program these days and want to make sure that you are managing the various risks of the services that your vendors are providing for your customers. Of course, they expect that you want to offer the best of services and the fastest of payment processing and the coolest gizmos and gadgets in your mobile banking apps, but who are these new fintech vendors that seem to be coming out of the woodworks these days that we had never heard of, even a year ago? Do you really know what you should about these vendors? You may not think you even have fintech vendors but look again and you might be surprised!

On-Demand Course