Achieving Banking as a Service compliance: Practical considerations

Host: Tara Wensel, senior manager, Deloitte & Touche LLP

Presenters:
Jason Cabral, partner & lead, U.S. bank regulatory practice, Gibson Dunn & Crutcher
Jason Mikula, Fintech advisor & founder/publisher, Fintech Business Weekly
Richard Rosenthal, principal, Deloitte & Touche LLP
Paul Sanford, Independent senior advisor, Deloitte & Touche LLP

1.0 Overview CPE credit | Specialized Knowledge

Considering public enforcement actions, increasing oversight of nonbank and technology service providers, and recent banking turmoil, Banking as a Service (BaaS) banks and partners are operating in an intensifying landscape. These trends introduce heightened expectations for operations across the BaaS ecosystem. How can BaaS banks and partners ensure they are operating according to supervisory expectations? We’ll discuss:

• Headlines and focus areas from consent orders plus regulatory developments affecting BaaS banks and partners
• Demystifying BaaS operating models and discussing lessons learned for models gaining traction
• Actions for BaaS banks and nonbanks to consider