Representative Engagements

The unique relationships between an industrial bank and its strategic partners, including fintechs, require the bank to maintain an effective compliance management system (CMS) that includes a robust vendor management program with strong oversight of the operations and the CMS of its strategic partners. CrossCheck has completed CMS reviews for both sides of such relationships, ensuring that the bank’s CMS meets regulatory agency requirements while tailoring strategic partner reviews to their individual operations under the bank’s broader CMS guidance. These reviews include transaction testing of a judgmental sample of various loan products for compliance with applicable federal regulations. Products covered include private label credit cards, unsecured personal loans, and small business lending.