REGULATION · US
Federal regulators back reusable fintech due-diligence certification framework
A consortium of federal banking regulators and industry is drafting a voluntary standard that allows banks to reuse third-party assessments of fintech vendors, reducing redundant onboarding audits.
WHY IT MATTERS
This cuts fintech integration timelines and compliance costs by 30–50%; fast-moving AI vendors (Anthropic, OpenAI, etc.) will seek certification to unlock rapid bank deployment.
Source: PYMNTS · 2026-08-19