Fintech Due Diligence

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Description: The Agencies have created numerous resources for community banks when it comes to performing due diligence on prospective relationships with FinTech companies. But none are one-sized fits all, leaving many financial institutions needing to tailor their approaches to the types of third-party relationships and risks. The scope and the depth of due diligence will require the financial institution to determine the nature and criticality of the prospective product, service or activity.

This webinar is intended to provide information relating to six common areas of due diligence, focusing on general considerations, potential sources of information, and illustrative examples pertinent to community banks.

Key Takeaways:

A discussion on the importance of strategic and financial goals in light of safety and soundness
A breakdown of risks to tackle and comprehend
Methods to incorporate risk management and controls into a FinTech relationship

People Who Should Attend: 

Compliance Officers and other relevant compliance team members, IT/IS, vendor management, cybersecurity, BSA Officer, and internal audit.

Presenter: Elizabeth K. Madlem, JD Vice President of Compliance Operations

Elizabeth is the Vice President of Compliance Operations at Compliance Alliance. In the past, she served as both the Operations Compliance Manager and Enterprise Risk Manager for Washington Federal Bank, a $16 billion dollar organization headquartered in Seattle, WA. She has industry expertise and real-world solutions surrounding bank-enterprise initiatives and knowledge of contract law and bank regulatory compliance. An attorney since 2010, Elizabeth was a Summa Cum Laude, Phi Beta Kappa, Delta Epsilon Sigma graduate of Saint Michael’s College in Burlington, VT, and a Juris Doctor from Valparaiso University School of Law in Indiana.

As the Vice President of Compliance Operations, Elizabeth oversees C/A’s Products and Services and plays an important part in all operational areas of C/A.