AFC Calls for Inclusion of Core Banking and BaaS in FSB Third-Party Risk Toolkit

The American Fintech Council (AFC) has called upon the Financial Stability Board (FSB) to expand the reach of its third-party risk management toolkit, suggesting inclusion of authentic bank-fintech partnerships and banking-as-a-service models. The toolkit, released for public consultation by the FSB in June for financial institutions and authorities, aims to offer clarity for both the […]