Banks should be managing risks from fintech partnerships, regulator says
Thu, Feb 22, 2024 3:20 PM

Banks should be managing risks from fintech partnerships, regulator says

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Banks that work with financial technology companies to offer banking services should be actively managing risks associated with those relationships, a leading U.S. bank regulator said Wednesday. Michael Hsu, the acting Comptroller of the Currency, has long expressed concern about certain gaps in the regulation of the payments system.

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