Banks should be managing risks from fintech partnerships, regulator says


Acting Comptroller of the Currency, Michael Hsu, testifies before a Senate Banking, Housing, and Urban Affairs Committee hearing on Capitol Hill in Washington, U.S., May 18, 2023. REUTERS/Evelyn Hockstein/File Photo

(Reuters) - Banks that work with financial technology companies to offer banking services should be actively managing risks associated with those relationships, a leading U.S. bank regulator said Wednesday.

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