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ABA: The American Bankers Association
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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® is a leading provider of vendor and contract management services for the financial institution industry. Ncontracts combines turnkey vendor management services with a comprehensive and fully-customizable vendor and contract management application. Insightful summaries of vendor contracts and alert notifications assist clients in proactively managing vendor relationships. And with Ncontracts’ robust compliance services, clients can easily monitor and assess vendor risk and respond quickly to regulator inquires and audit demands of examiners. Together, these services and features give clients the ability to reduce expenses, enhance profitability, and improve internal efficiencies. For more information, visit www.ncontracts.com or call (888) 370-5552.