Frequent and continued engagement with bankers, fintechs, and other third parties has demonstrated the nuance, complexity, and many considerations involved in promoting community bank access to innovation. It is my sincere intention that the community bank/fintech partnership paper, the vendor due diligence guide, and proposed third-party, risk-management guidance serve as a foundation upon which the Federal Reserve will continue to build.
1 Conference of State Bank Supervisors, 2020 CSBS National Survey of Community Banks (PDF), 2020  Research and Policy Conference. Return to text  4/4  BIS central bankers' speeches