Episode 291: Regulatory war on fintech Part 1

This episode examines the first two articles in a four-part series from Bank Director. The articles are titled “The regulatory war on fintech” and “Regulators take a more hands-on approach to bank-fintech relationships.” These two articles focus on the regulatory reaction to the Synapse Financial Technologies failure. How are banks currently managing third-party relationships, particularly with fintech companies? Should banks be doing more to manage these vendors? What comes out of this can have major ramifications for rule making, brokered deposits, custodial account record keeping, and how these third-party relationships are managed. A link to both articles is included below.  

Link: The Regulatory War on Fintech | Bank Director

Link: Regulators Take a More Hands-On Approach to Bank-Fintech Relationships | Bank Director