Strong compliance management is crucial for fintech-bank partnerships

72% of banks and credit unions are prioritizing compliance when evaluating fintechs, citing it as their top criteria in the due diligence process, according to Ncontracts. As banks and credit unions evaluate fintech partnerships, cybersecurity (62%) is also a critical factor, followed by return on investment (46.3%) and reputation (44.4%). Financial institutions look to streamline operations Bank-fintech partnerships continue to rise as financial institutions look to streamline operations, improve customer experiences, drive profitability, and manage … More →

The post …

bank banks compliance compliance management credit credit unions critical cybersecurity due diligence factor financial financial industry financial institutions fintech institutions investment management partnerships process report reputation return return on investment survey unions