Financial crime considerations in bank-fintech partnerships

Relationships between fintechs and banks require careful collaboration to identify and manage financial crime risk. Fintechs might need to build or enhance elements of their program while banks might need to adapt or expand to meet additional expectations.

In the next webinar of our “Transforming Financial Crime Challenges Into Opportunities” series, we will explore how banks and fintechs can approach and effectively manage financial crime risk in a shared ecosystem. Our panel will offer insights from both industry and consulting perspectives.

You should leave this session with the ability to:

• Identify which Bank Secrecy Act (BSA) anti-money laundering (AML) program elements require adaptation or enhancement when partnering with third parties
• Explain how banks and fintechs must specifically cooperate on customer identification program and customer due diligence obligations to effectively manage financial crime risk
• Determine required fintech AML program elements when approaching or managing a banking relationship