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Managing Bank-Fintech Relationships in BaaS: Key Compliance and Risk Insights
Banking as a Service (BaaS) relationships have been under the regulatory microscope, but how will this change with the incoming Trump Administration? What priorities should sponsor banks set for ensuring their fintech partners have adequate compliance controls? Our latest fireside chat with experts from CFSB, Bates Group and Kobalt labs dive into challenges in bank-fintech relationships.
BaaS is Not in Crisis: Key Insights on Compliance and Risk Management
The Banking as a Service (BaaS) industry isn't in crisis, but it's facing increasing regulatory scrutiny. In the latest "BaaS is Not in Crisis" webinar, compliance experts from Palmera Consulting and FedFis discussed how BaaS players can navigate the evolving landscape, the impact of upcoming regulations, and the importance of automation in maintaining compliance.
BaaS is Not in Crisis: BaaS Banks Less Likely to Be Fined Than Non-BaaS Banks
The Federal Reserve, FDIC and OCC have issued 124 enforcement actions since 2023, but only 22 have focused on BaaS and fines against BaaS banks are smaller and less frequent than those against non-BaaS banks. Learn more about what the data says about the state of embedded finance and practices for preventing an enforcement action.
Best Practices: Compliance for Banking as a Service (BaaS)
Regulators have increased scrutiny of BAAS partnerships, raising the need for comprehensive compliance programs across sponsor banks, fintech partners and BAAS middleware providers. Learn more about compliance best practices across BAAS and what to look for in a compliance provider.
KYC Screening for Financial Services
Discover the challenges and solutions in KYC screening for financial services. Explore how Castellum.AI enhances reliability, speed, and accuracy in compliance screening, reducing false positives and improving data quality.