Regulators have gone BaaS fishing
As fintech and BaaS relationships continue to grow so to will the scrutiny by the FDIC and other prudential regulators. Whether you have one partner or ten, enforcement actions are clear – proactive implementation of third-party risk management will help guard against BSA/AML pillar violations.
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PROGRAM DEVELOPMENT
· Partner Due Diligence
· Target Operating Model
· Program Assessment
· Staffing Analysis
· Risk Assessment
· Control Development
· Program Analytics
· Quality Assurance
· BPO / Unit Based Pricing
· Efficiency & Benchmarking
REGULATROY SUPPORT
· Independent AML Board
Advisor
· Regulatory Response Support
· Remediation Committee Member
· Fractional BSA Officer
· Lookback Oversight
· Procurement Support
· Validation Services
Need help with your BaaS program program?
Whether it's a quick sanity check, a rapid engagement, strategic development, or remediation support - drop me a note and let's get started.