FDIC Mulls Standards Body to Streamline Bank-FinTech Oversight
The Federal Deposit Insurance Corporation is considering an industry-led standards organization that could certify FinTech companies and other bank service providers against common risk-management benchmarks, potentially reshaping how banks vet and oversee outside partners. The proposal, outlined in a July 21 draft term sheet obtained by Bloomberg Law, would establish the Banking Innovation…
We haven't written up this one. PYMNTS has the full story — the link below goes straight to it.
