Collaboration between financial firms and financial technology companies have made it easy and convenient for customers to access myriads of financials products and services. As the industry is growing, so are the regulatory measures and oversight. Now more than ever, FinTechs need to have risk and compliance operations in place to satisfy their partners, investors, and state/federal regulatory agencies.
At Gilbert Reese, our consultants have vast experience working with FinTech clients and since we understand this industry, we can tailor risk-based compliance programs to meet the business needs of these innovative companies and their partners.
RegTechs
Startup technology companies are bridging the digital divide in banking. Some are mining big data to customize the user experience; others are disrupting sectors such as lending and money transfers. The regulatory framework governing these entrepreneurial companies is fragmented and a work in progress.
Gilbert Reese has experience conducting Bank Secrecy Act/Anti-Money Laundering reviews for a variety of FinTech clients representing money processing, money transmission and their bank partners.
Our service offering includes full retainer services where our consultants assists you in running your compliance program because you do not want to hire an in-house compliance team. We provide you with periodic risk-based compliance reports that highlights specific areas of your business with compliance vulnerabilities that need to be addressed before we address the vulnerabilities. If you have in-house compliance staff, we will work with your team to ensure your compliance program meets industry standards.
We will assist your firm to establish and maintain a strong compliance foundation in preparation for the inevitable increased scrutiny from regulators.
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