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The Role of the Board in Managing Risks in FinTech Partnerships
The bar is clearly rising in terms of expectations on how banks will manage the risks associated with their FinTech partnerships it's just that the guidance itself isn't super explicit or clear and detailing what that means. I don't want to imply that boards should at all take their focus off these relationships if you're a director at a sponsor bank who's sponsoring card or debit or or deposit programs or lending programs you really need to be all over this.