By (Reuters) – The Federal Deposit Insurance Corporation has started to directly monitor financial-technology companies that partner with banks across the U.S., Bloomberg News reported on Wednesday.
The fintech monitoring system will help FDIC examiners anticipate potential vulnerabilities before they become a problem for banks, the report added, citing people familiar with the regulator’s supervisory operations.
This post appeared first on investing.com
What's your reaction?
Excited
0
Happy
0
In Love
0
Not Sure
0
Silly
0
