Open Fishbowl - The Buck Stops … Where? Risk Management of BaaS Partners
For this “fishbowl” session, audience members who raise their hand, figuratively speaking, beforehand will be invited to take a guest turn on stage and share their take on the topic. Step up – literally – and help lead this thought-provoking discussion, made richer by your participation.
The growing number of partnerships between banks and companies that provide banking as a service provides rewards and risks for both sides. At their best, these partnerships provide innovation within an established compliance framework — but what does it take for the ideal to be the norm?
You will learn how to:
- Manage risks across multiple partners
- Examine recent enforcement actions for lessons learned about the risk management of third-party relationships
- Prepare for examiners’ questions regarding your bank-fintech partnership
Moderator:
Dana Lawrence, CAMS, Senior Director of FinTech Compliance, Pacific West Bank
Speakers:
Robin Garrison, Vice President, Strategic Innovations Director of Compliance, FirstBank
Jas Randhawa, Founder and Managing Partner, StrategyBRIX