For sponsor banks
Your partners' risk is your risk. See it in one place.
You sponsor fintech and BaaS programs, and your examiner reads each partner's compliance as part of yours. We test, review and monitor across every program you sponsor, and give you the oversight record your board and your examiner ask for.
Your problem
Many programs, one BSA officer, and an examiner who reads all of it
- The 2023 interagency guidance on third-party relationships expects you to diligence each partner before you sign and oversee it for as long as the relationship runs.
- Each partner sends evidence in its own format, on its own schedule, so you can't compare one program against another.
- Partner marketing goes live faster than your team can review it, and the bank's name is on it.
- Monitoring and screening alerts arrive from several programs, and it's hard to show your examiner who looked at what.
- If you're under a consent order or carrying MRAs, the remediation plan adds a second full-time job.
The work, by the oversight duty it answers
- Due diligence and ongoing oversight
Third-party risk management
Partner due diligence before onboarding, then oversight on the schedule you set, with each partner's evidence in one record.
- Partner program testing
BSA/AML independent testing
Each partner program tested on every record in scope, with work papers and a signed report you can hand your examiner.
- Evidence partner controls work
Automated control testing
Every account and transaction in each program tested against the controls the partner agreed to run.
- Partner marketing review
Marketing compliance review
Each partner ad reviewed against the consumer protection rules that apply to it, with one log across programs.
- Monitoring across programs
Transaction monitoring
Monitoring that runs across partner programs, with each alert, its disposition and its reviewer on the record.
- Screening across programs
Sanctions screening
Lists from the issuing authorities, applied to every program's customers, with the evidence behind each match decision.
- Partner monitoring that holds up
Transaction monitoring validation
Rules, thresholds and data feeds checked against each program's risk, so you know the partner's monitoring catches what it should.
- Board and examiner reporting
Board reporting
One report across every program you sponsor, with the evidence behind each line.
- Consent orders and MRAs
Remediation and issue management
Findings turned into a sequenced plan with owners and dates, tracked to evidenced closure.
For your examiner
One oversight record, program by program
When your examiner asks how you oversee a partner, you open one record: the due diligence, the testing results, the marketing reviews, the alerts and how they were closed, and the open issues with their owners. Every finding is cited to the rule it rests on, so the conversation starts from the evidence.
If your team needs more hands, we also build and refresh the risk assessment, run day-to-day compliance operations, or provide a fractional compliance officer.
Sponsor-bank partner program
Bring your fintech partners onto the platform
Through the sponsor-bank partner program, your fintech partners run their compliance work on the same platform you oversee it from. You get one oversight view across programs, partner testing, marketing review and board reporting, without chasing evidence partner by partner.
How the work is done
The audit you already buy, performed by an engine.
- Every record testedControls are tested against the full population of accounts and transactions, not a sample of twenty-five.
- Every requirement citedEach requirement the work runs against is cited to the rule it comes from, with the facts behind it labelled.
- Findings pricedFindings arrive priced in dollars, so remediation is ordered by what each gap is worth.
- A signed reportThe report is signed, and any reader can check that nothing in it changed after signing.
Talk to a practitioner
Book a 15-minute chat with our founder.
A real conversation with a senior compliance leader, to see if there's a fit. Not a sales call, not a demo, no pressure.