2013 Compliance Operations Risk Management 
CFPB Monitor
MARCH 9, 2020
On March 5, 2020, the OCC issued a revised set of FAQs designed to supplement OCC Bulletin 2013-29 (Third-Party Relationships: Risk Management Guidance) issued on October 30, 2013. The OCC appears to place risk management responsibilities upon banks for such activities conducted by third-party data aggregators.
PYMNTS
DECEMBER 9, 2020
The company was founded in 2013, and its mission is to address India’s enormous credit problem by providing flexible and timely credit delivered via a seamless mobile experience. Capital Float had provided 500,000 clients with $1.2 billion in funding as of April, although the virus’s spread was greatly impacting India’s FinTech space.
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Celent Banking
MARCH 2, 2017
When it comes time to choose a business partner, banks will favor those who help them execute their third party risk management (TPRM) responsibilities over those who begrudgingly comply. OCC 1 TPRM regulations alone require the bank to evaluate 16 risk dimensions when engaging with a third party.
Abrigo
FEBRUARY 2, 2015
Risk management issues were also a high-ranking hurdle to growing banks, with 26 percent calling it a concern for 2015. The cost of compliance in these areas are also high for community bankers. That number is up about four percent from 2013.
PYMNTS
OCTOBER 1, 2018
In 2013, the lender’s originations count had grown to $2 billion, and Google acquired a minority stake in the company for $125 million. It was, as Karen Webster noted in February of 2016, a very attractive model for many investors. “So, So, Now What?
CB Insights
DECEMBER 5, 2017
These include wireless home monitoring startup Notion (XL Innovate, Liberty Mutual Strategic Ventures), on-demand homeshare insurance startup Slice Labs (XL Innovate, Munich Re/HSB Ventures), virtual auto claims operations firm Snapsheet (USAA, Liberty Mutual), and contract-related insurance startup Bunker (American Family Ventures, Hiscox).
Gonzobanker
DECEMBER 19, 2016
Be Careful What You Wish for Award – To all those Fintech providers that can now get an official bank charter to operate within the confines of simple regulatory requirements. A Shout Out for a Gutsy Call – Scott Reckard, a reporter for the Los Angeles Times, who first wrote about Wells Fargo’s branch pressure tactics in 2013.
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