Third-party guidance spurs US bank rethink on fintech partners

For conventional vendors, banks say due diligence rules will be the toughest challenge

Fintech risk montage

Bankers in the US are warning that final interagency guidance on third-party risk management could force them to rethink their efforts at partnering with fintech firms – one of the ways in which they currently try to foster innovation in the discipline.

“We are a bit complacent in dealing with risks from fintech because we always think of them as small players,” says the head of third-party risk management at one global bank. “We overlook the fact that they can become integral to our

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Calibrating interest rate curves for a new era

Dmitry Pugachevsky, director of research at Quantifi, explores why building an accurate and robust interest rate curve has considerable implications for a broad range of financial operations – from setting benchmark rates to managing risk – and hinges on…

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