Cable - Automate BSA/AML Testing’s Post

With digital transformation altering the behavior of deposits and increasing the agility of money, regulatory scrutiny is intensifying. How does this affect the partnership between your FI and FinTechs? Read more here:

Bredec Group Bredec Ecosystem OCC: Banks Responsible for Fintech Partnership Risks: But as these digital ecosystems become more commonplace in the financial services industry, the question remains where responsibility lies for ... inquiry@bredec.com Inquiry@bredec.com

In our fast-paced world of finance, the synergy between banks and FinTechs is more important than ever. But as we embrace innovation, there’s one constant that we can’t afford to overlook: compliance. #FinTech #Compliance #DigitalTransformation

🌟 Driving Innovation: The Symbiotic #BankFintechPartnership 🌟 Traditional banks and fintech firms unite to reshape the finance industry, fostering responsible innovation, but what's the future? Explore how this dynamic partnership is driving the future of banking within a balanced regulatory framework. Follow-us on X @ https://lnkd.in/eXwhucA6 PS: Currently, our website is being upgraded, and we're adding original content. #Banking #Fintech #Innovation #USFintechNews #EuropeFintechNews #InnovationStreets

Regulators are raising concerns about the ‘blurring of the line’ between banking and non-banking entities. While many have celebrated the speed of change driven by the fintech industry, officials fear that more nonbank entities taking on the various elements of banking could lead to financial instability – as they fall outside of the banking regulatory remit – and as public confidence is reduced. These concerns could lead to significantly more regulatory attention. As a result, industry leaders expect regulators to add pressure banks to improve their fintech partnership oversight. As one official said, “micro-prudential supervision and regulation have a role to play in mitigating some of the macroprudential risks from nonbanks”. More from The Fintech Times #thirdpartrisk #fintech #BaaS #openbanking #compliance American Fintech Council Klaros Group FundKite DataVisor

Treasury Prime's Approach: Regulators' Chilling Effect on FinTech - PYMNTS.com: The increased scrutiny of regulators on bank-FinTech relationships will fine-tune the models that help banks manage FinTech relationships.

📢We’re excited to share an insightful article by our Managing Director, Michael Wilson, featured in #PaymentsNext. He explores the evolving banking-as-a-service model and the recent FDIC proposed rule impacting bank-fintech relationships. Michael highlights the importance of accurate ledgers for “for benefit of” (FBO) accounts and how this rule strengthens the fintech ecosystem. With the right operational and compliance measures, banks can create efficiencies that benefit both themselves and their fintech partners. Check out the full article to discover the challenges and opportunities ahead for banks and fintechs! 💡 https://okt.to/QqZCW0 #Fintech #Banking #Payments #Leadership #MonexUSA

The advent of Fintech 3.0 offers an exceptional chance to break through traditional thinking and usher in a new wave of innovation. Explore the article where Philip Paul, CEO and Founder of Cotribute, unveils and explains the evolving "Fintech Waves". https://lnkd.in/d6ANSAQE #financialservices #fintech #onlinebanking #digitalfinancialmanagement #wealthmanagement #payments #banking

📢We’re excited to share an insightful article by our Managing Director, Michael Wilson, featured in #PaymentsNext. He explores the evolving banking-as-a-service model and the recent FDIC proposed rule impacting bank-fintech relationships. Michael highlights the importance of accurate ledgers for “for benefit of” (FBO) accounts and how this rule strengthens the fintech ecosystem. With the right operational and compliance measures, banks can create efficiencies that benefit both themselves and their fintech partners. Check out the full article to discover the challenges and opportunities ahead for banks and fintechs! 💡 https://okt.to/6WV0MQ #Fintech #Banking #Payments #Leadership #MonexUSA

📢We’re excited to share an insightful article by our Managing Director, Michael Wilson, featured in #PaymentsNext. He explores the evolving banking-as-a-service model and the recent FDIC proposed rule impacting bank-fintech relationships. Michael highlights the importance of accurate ledgers for “for benefit of” (FBO) accounts and how this rule strengthens the fintech ecosystem. With the right operational and compliance measures, banks can create efficiencies that benefit both themselves and their fintech partners. Check out the full article to discover the challenges and opportunities ahead for banks and fintechs! 💡 https://okt.to/T8QUB1 #Fintech #Banking #Payments #Leadership #MonexUSA