REGULATION · US
FDIC establishes independent standards body to certify fintech banking partners
The Federal Deposit Insurance Corp. is creating a formal certification framework with industry partners to standardize how banks vet third-party fintech service providers. Aims to reduce operational and compliance risk in bank-fintech partnerships.
WHY IT MATTERS
Banks will face new vendor vetting hurdles; fintech vendors targeting banking will need certification to scale partnerships, creating gatekeeping pressure on emerging entrants.
Source: Finextra · 2026-08-07