Partnering with FinTechs: Importance of Your Risk Management Programs
Financial institutions (FIs) are often eager to partner with Third-Party Solution Providers acting as Third-Party Senders (FinTechs) to bring in revenue. But the FI isn't always ready to handle the increased risks and compliance requirements. We'll look at how FinTechs go about choosing a financial institution to act as their ODFI, and what every ODFI should consider before signing on the dotted line.