Being in the highly regulated financial industry, fintechs understand the importance of rules, regulations, and risk management. But for sponsor banks, it’s priority number one. In our latest guide, we spoke to several sponsor banks about what they look for in partners. Here’s what Barrett Hicken, SVP of Fintech Lending at Stride Bank, N.A. had to say: “A standout compliance management system is essential. It’s the foundation for mitigating risks that all banking institutions face. Given the regulatory oversight in our industry, we must navigate numerous risks that entrepreneurial Fintechs might overlook. With a seasoned management team, robust compliance processes, and a strong capital base, we’re committed to fostering successful, compliant partnerships.” Download the guide to learn what else sponsor banks are looking for and find out how to set yourself up for a successful bank partnership. Link in the comments.
Read the full guide: https://www.lithic.com/lp/direct-to-a-sponsor-bank