Banking on Data

In part two of this series with Davis Wright Tremaine LLP, Ed Vincent, steered an insightful discussion on the intricate landscape of third-party risk management within the complicated realm of FinTech-bank partnerships. Also discussed was how the Third-Party Risk Management Lifecycle Tool was created and how we partnered together to bring it to market. 

Check out part one of this series here.

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In the ever-evolving landscape of financial technology (FinTech), the relationship between traditional banks and FinTech companies has become increasingly important. These partnerships offer innovative solutions, enhance customer experiences, and drive the industry forward. However, such collaborations also come with their fair share of risks and regulatory challenges. In this episode of the Risk Intel Podcast, host Ed Vincent is joined by Alexandra (Alex) Barrage, and Ryan Richardson from Davis Wright Tremaine LLC to delve into the nuances of regulatory guidance surrounding these partnerships and provide insights into the dynamics between banks, FinTechs, and regulatory bodies.

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In the rapidly evolving landscape of financial technology (FinTech), risk management has taken on a new level of complexity.  This episode of the Risk Intel podcast, hosted by Ed Vincent, delved into the intriguing subject of differentiating FinTechs from traditional vendors.  Our guest Michael Glotz, CEO and Co-founder of Strategic Risk Associates (SRA) shared his expertise around the nuanced differences between FinTech risk management and traditional vendor management, shedding light on the regulatory shifts and practical strategies needed to navigate this dynamic space.

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In this episode of the Risk Intel Podcast, we welcomed Shea Scarpa Gardner, the Product Manager from the Risk Management Association (RMA). The episode focused on the RMA Risk Maturity Framework, Powered by SRA Watchtower tool, and the significance of peer analysis in measuring risk maturity. 

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In the latest episode of our Risk Intel podcast, host Ed Vincent was joined by Mike Jones, Chief Compliance Officer at Strategic Risk Associates (SRA). With his extensive experience advising bank CEOs and serving as a Chief Compliance Officer in the FinTech industry, Mike shared invaluable insights into the realm of compliance risk assessments. 

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In a recent episode of the Risk Intel Podcast, Laura Kornhauser, the co-founder and CEO of Stratyfy, shared her insights on the role of Bayesian Improved Surname Geocoding (BISG) in fair lending testing. With her banking background and a passion for responsible artificial intelligence (AI), Laura's journey led her to found Stratyfy, a company dedicated to providing transparent, interpretable, and compliant machine learning solutions for banking. 

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 In the latest episode of the Risk Intel podcast, SRA's Chief Financial Officer (CFO), Shawn Ryan, joins host Ed Vincent to discuss the evolving landscape of FinTech risk management. With his extensive experience in leading SRA's FinTech initiative, Shawn sheds light on the development of the FinTech Risk Maturity Framework and shares valuable insights into practical risk assessments and vendor due diligence. This episode unveils the importance of why banks should maintain a robust risk management practice when working with or onboarding high-risk FinTech partners and highlights the need for a balanced approach to achieving strategic goals without compromising safety and soundness. 

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In this episode of the SRA Risk Intel Podcast, guest Michael Glotz, CEO and Co-founder of SRA, joins host Ed Vincent to explore the significance of enterprise risk management (ERM) for banks approaching key asset thresholds. Glotz sheds light on the regulatory aspects and essential considerations risk officers need to consider at the billion and ten billion dollar marks. 

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In the latest episode of the SRA Risk Intel Podcast, host Ed Vincent engages in a dynamic discussion with Niki White, Chief Customer Officer of SRA, focusing on the critical topic of risk appetite, emphasizing the importance of moving beyond qualitative narrative statements. Niki advocates for banks to incorporate key metrics that align risk assessments with the organization's strategic objectives. By establishing a strong linkage between risk and strategy, organizations can bridge the gap between their desired behavior and their actual risk appetite. Listen to learn more.

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In this episode of the Risk Intel podcast, host Ed Vincent engages in a conversation with Amitabh Bhargava, a seasoned professional in the risk space, specializing in Credit Risk. Amitabh's impressive career spans roles as a commercial underwriter at ICICI Bank and an 18-year tenure at Capital One, where he oversaw credit analytics and research for the consumer and wholesale portfolio, as well as executive credit risk assessment and portfolio modeling. Amitabh currently heads the credit portfolio management practices within SRA’s credit consulting team. Listen to learn more about the state of consumer lending and credit prospects for auto lending and how this impacts risk management across the banking sector.

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