On Demand Course

FinTechs, BaaS, and Third Party Management

Build safer, smarter fintech partnerships for long-term growth.

Learning Objectives

After attending this course, you will be able to:

  • Identify the fundamental differences between chartered financial institutions and FinTechs, and describe how those differences give rise to Banking-as-a-Service (BaaS) arrangements
  • Differentiate between direct integration and middleware-enabled delivery models for bank-FinTech API arrangements, and recognize how weaknesses in either model create risk
  • Recognize common regulatory enforcement themes in FinTech partner bank relationships, using case examples such as the Synapse collapse and Choice Financial Group's Mercury partnership
  • Identify the due diligence, contract, and ongoing monitoring practices required to oversee FinTech and third-party relationships, and describe how liability for compliance remains with the financial institution
Rebekah Leonard 3.4 CPE/ NASBA 2 HR

About This Course

Banks are really good at banking.  Tech companies are really good at innovation.  What happens when they get together?  They have a Baby BaaS!  Banking-as-a-Service is a relatively new concept that is experiencing exponential growth as FinTechs (hungry for bank stability) partner with banks (hungry for new revenue streams), flooding the market with novel products & services.  What can possibly go wrong?  Learn all about it, and how to manage it much like you would third party vendor risk. 

Topics covered in this course

  • Understanding Banking-as-a-Service (BaaS) Fundamentals
  • FinTech Partnerships and Emerging Third-Party Risks
  • Lessons from Regulatory Enforcement Actions
  • Regulatory Guidance and Best Practices for Compliant Partnerships

 

Your Instructor

Rebekah Leonard
Rebekah Leonard

Rebekah is the owner of Elucidate LLC, a compliance training and consulting company. Elucidate means to "make clear, explain, throw light upon", and describes Rebekah's desire to illuminate the complexities of compliance with passion and fun. She's created and produced a TRID music video parody and several Compliance Breakout escape rooms, which she frequently provides at state banking compliance conferences. She is an accomplished speaker and regularly provides webinars through BOL and Compliance Resource. Rebekah is currently serving as the VP Director of Compliance for a $6 Billion community bank in Montana. She began her career in 1995 at a private lending company, but soon settled into banking, where she's covered nearly all of it - customer service and teller work, loan processing and review, and security and business continuity. She now oversees CRA, BSA and all aspects of compliance as a senior leader. She has successfully navigated numerous FDIC Compliance, CRA, and BSA Exams. Rebekah has a bachelor's degree in Organizational Leadership from Chapman University (Magna cum Laude), attended the American Bankers Association National Compliance School in 2003, and has held her Certified Regulatory Compliance Manager designation since 2006.

CPE & Accreditation

This course qualifies for 3.4 CPE/ NASBA. Your certificate and transcript are available immediately upon completion.

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CPE/NASBA - QAS Self Study

Noggin Guru, Inc. dba Lorman Education Services and BankersHub is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539.

Please note: You must attend at least 50 minutes to obtain credit. Final CPE approval belongs with each state's regulatory board. Credit is based on a 50-minute credit hour.

For more detailed information about the course, including the outline, content, and objectives, please refer to the 'Description' tab on this webpage.

Field Of Study: Information Technology
Prerequisite: Basic knowledge of the banking industry, business, or law
Level of Knowledge: Intermediate
Advanced Preparation: None
Delivery Method: QAS Self Study

Requesting CE:
Upon completion of this course, please email creditrequest@nogginguru.com to obtain a CE certificate.

Training your team?

This course is covered under team memberships.

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Buying for yourself?
$ 249
Included with Team Membership
Training your team?

This course is covered under team memberships.

See Team Memberships
$ 249
per attendee