Can the STARC framework help banks to better evaluate fintech partners?
Vetting and assessing fintech partners can be a difficult task for community banks. In seeking a framework to assist community banks in this effort, a new organization called the Coalition for Financial Ecosystem Standards (CFES) was created in March of 2025. CFES has now rolled out the Standardized Assessment for Risk Management & Compliance or STARC framework. STARC can certify that a fintech has achieved dozens of measurable standards in core compliance areas ranging from BSA/AML to compliance management systems, operational risk, and compliant handling. Community bank relationships and…
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