Updated Guideline for BaaS
On June 6th, The Fed, OCC, and FDIC jointly released an updated guideline for banks’ third party risk management. This has been highly...
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Frank Tian
Jan 17, 20231 min
🍺 Someone just won a beer over Apple Card.
As many are surprised that Goldman Sachs lost $1B over its Apple card portfolio, some are not. Who are they? The new deal teams at the...
Frank Tian
Jan 9, 20231 min
🔎 BaaS Partnership in Regulatory Focus
Last week, Blue Ridge Bank named a new president for its fintech division. It makes perfect sense to bring in someone with direct BaaS...
Frank Tian
Oct 29, 20221 min
🙅♂️ Loan Application Not Available
A newly launched loan product between a bank and its non-bank partner has suspended applications for days. According to unnamed sources,...
Frank Tian
Oct 27, 20221 min
📖 BaaS Operators - Here is A Playbook
As regulators pay more attention to the fast-growing Banking-as-a-Service (BaaS) business, a group of sponsor banks published a playbook...
Frank Tian
Sep 7, 20224 min
🏦 Thoughts on BaaS Risk Management
It is no coincidence that several connections reached out in the last few weeks to ask about embedded finance and Banking-as-a-Service...
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