FinTech & Emerging Payment Systems

As FinTechs and traditional banks increasingly collaborate, navigating regulatory, operational, and risk management challenges in a mutually beneficial way is critical for successful partnerships.

Topics of this session will include:

• Navigating M&A to ensure alignment of goals and compliance practices
• Addressing fraud and money laundering risks while maintaining seamless operations
• Managing crypto transactions to meet evolving regulatory and security expectations
• Managing third party oversight and liability
• Squaring regulations with enterprise risk management

Once we’ve laid out all the questions and concerns rooted in the development of bank partnerships, it’s critical to determine what processes and practices FinTechs should have in place before embarking on the search for a bank partnership.

Topics of this session will include:

• Establishing best practices for buying and selling
• Implementing robust due diligence processes to meet regulatory and partner expectations
• Breaking down agreement details to clarify roles, responsibilities, and risk allocation
• Addressing the question of Multi-State Licensing and the possibility of a Federal Payments Charter
• Leveraging Banking-as-a-Service to streamline operations and expand partnership opportunities

For a hands on deep-dive into the early stages of searching for a bank partnership, join our workshop on the morning of May 14 entitled “Preparing for Bank Partnerships”

In October of 2024 the CFPB finalized a rule giving consumers greater control over the privacy and security of their financial data. To increase consumer agency, the CFPB has opened up major questions for banks and FinTechs surrounding monitoring processes, reporting requirements, and policies and procedures needed to align with the new rule. Topics of discussion will include:

• Understanding how the CFPB’s rule impacts monitoring processes and the systems needed to ensure compliance
• Addressing reporting requirements and determining which policies and procedures must be updated and/or created
• Exploring the balance between consumer control and mitigating security risks for banks and FinTechs

Where federal regulations surrounding consumer protection may be lacking, state AGs are stepping into the fold and providing a wide range of regulations from credit reporting to customer service. This session will discuss the functions of the state regulators in the patchwork regulatory regime of the United States and what it means for your compliance processes and policies. Topics of discussion will include:

• Examining the role of state AGs and state financial regulators in expanding consumer protections where federal regulations fall short
• Identifying how state regulators interact, benchmark against, and respond to each other
• Understanding the compliance impact of state rules on credit reporting and customer service
• Managing the challenge of a fragmented regulatory landscape

Data is the backbone of the tech industry, and with each new innovation new data points are able to be gathered. Learn what is required to ensure your consumer data is secure within the bounds of state and federal regulations.

This session will include:

• Understanding how the Fair Credit Reporting Act shapes responsibilities for managing and protecting consumer data
• Exploring the use of AI-driven data analysis to enhance insights while avoiding risks to privacy and compliance
• Implementing strategies to meet consumer expectations for transparency and security in a rapidly evolving regulatory landscape
• Reviewing technological innovations like data cleanrooms and their application to data sharing systems and privacy protection

For more instruction on developing processes for data protection, join our workshop on May 14 entitled “Handling Consumer Data Responsibly”