Fintech partnerships appeal to banks for a range of reasons, including the ability to adopt a new technology customers want without a dramatic internal overhaul or the opportunity to add new sources of fee income. But bank leaders also need to understand the risks inherent to fintech partnerships. Jame Sloan, chief risk officer at BrightFi, shares some best practices bankers can adopt to better understand and manage third-party risks.
- Defining Strategic Objectives
- Third-Party Risk Management
- Building Ties With Leadership