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Navigating Fintech Partnerships: Best Practices for Financial Institutions

Fintechs are indispensable partners in financial services. While partnerships with fintechs can drive growth, improve efficiency, and expand offerings, they also bring significant risks. Let’s take a look at four of the most common challenges banks face when working with fintechs and how third-party risk management (TPRM) best practices can help address them.

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Ncontracts

Ncontracts provides comprehensive integrated risk management solutions – including risk, compliance, third-party risk management, and lending compliance – to a rapidly expanding customer base of 5,000 clients in the United States. We help financial institutions achieve their compliance and risk management goals with a powerful combination of user-friendly cloud-based software and expert services. The company was named to the Inc. 5000 fastest-growing private companies in America for the sixth consecutive year. For more information, visit www.ncontracts.com or follow us on LinkedIn and Twitter.