FinTechs are leading the charge on innovation
- FinTechs acquired $135.7 billion globally in investments in 2019
- Digital payments expected to reach value of $4.8 trillion in 2020
FI/FinTech partnerships are crucial to the future of Banking
- FIs need and value FinTechs for their speed and innovative abilities
- FinTechs get access to resources, customers and products via banking as a service offered by FIs
The Problem For FinTechs
Regulatory Preparedness
- FinTechs need to be aware of regulatory expectations and compliance obligations
Vendor Due Diligence (VDD)
- FIs’ stringent VDD policies limit possibilities to engage or partner with innovative FinTechs
The Solution
The FinTech Registry
- Is a central hub for FinTechs’ to assess compliance with, and have visibility into, their regulatory obligations
- Presents a control-based framework that defines, interprets and provides suggestive evidence for each requirement
- Supports vendor due diligence: completed once, shared with many
The FinTech Registry starts with two simple steps:
1
Provide relevant profile information
Our short yet comprehensive assessment allows us to better understand your business and to calibrate the solution to your compliance needs
2
Obtain quick feedback on your current status
The profile information will be carefully examined by our team, and we will respond with a calibrated plan tailored for your needs