The Compliance Challenges Facing FinTechs
FinCheck gives FinTechs senior compliance leadership through fractional CCO services, independent AML testing and licensing support, without the cost of a full-time compliance executive.
What makes FinTech compliance hard
Sponsor Banks Are Under the Microscope
Consent orders against partner banks have reset expectations. Banks now push oversight, audits and remediation down to every FinTech they support.
Innovation Moves Faster Than the Rules
New products often land in regulatory gray areas, and you still need to show regulators and partners why your controls are enough.
KYC/KYB at Digital Speed
Customers expect onboarding in minutes. Regulators expect thorough identity, business ownership and risk checks. You need to deliver both.
Consumer Protection Applies to You Too
UDAAP, Reg E disputes, complaints handling and fair lending rules apply to FinTechs, whether or not you hold a charter.
Ledgers Must Reconcile to the Penny
After high-profile middleware failures, banks and regulators expect proof that every customer dollar is accounted for in real time.
Fraud Scales as Fast as You Do
Synthetic identities, account takeovers and authorized push payment scams grow with your user base, and your losses grow with them.
Do You Need a License?
Depending on how funds move, your product may trigger money transmitter licensing or MSB registration, even with a bank partner.
Monitoring Built for Banks, Not FinTechs
Generic rules either flood your team with false positives or miss the typologies your products actually attract.
Our FinTech compliance services
Regulatory Roadmap
A clear map of which rules apply to your product today, and which will apply after your next launch, state expansion or new feature.
Licensing Support
MSB registration and state money transmitter applications for when you're ready to go direct or lessen your reliance on a sponsor bank.
Compliance Management System
Policies, training, complaints handling, vendor management and board reporting, built to meet consumer protection expectations from day one.
KYC, Fraud and Monitoring Controls
Onboarding, fraud and transaction monitoring workflows that move at digital speed, with rules tuned to your products so you don't drown in false positives.
Fractional CCO
Senior compliance leadership for the stage when a full-time CCO isn't yet justified, with someone who can speak confidently to your sponsor bank.
Sponsor Bank Readiness
Due diligence responses, program documents and ongoing oversight reporting, delivered in the format banks actually review.
Independent AML Testing
Objective, examiner-grade testing that satisfies your bank partner and regulators, with clear findings and remediation support.
Ledger and FBO Reconciliation Review
Independent checks that your ledger ties to the bank's FBO account balances, so every customer dollar is accounted for.
How an engagement works
Discovery Call
We learn your product, money flow, markets and deadlines.
Gap Assessment
We map your obligations and show exactly where you stand.
Build and File
We write the program, prepare filings and set up controls.
Run and Review
Ongoing CCO support, monitoring, audits and renewals.
Frequently Asked Questions
Can FinCheck act as our fractional CCO?
Yes. We serve as your part-time chief compliance officer, owning the compliance program, reporting to your board and leading conversations with sponsor banks and regulators.
How does FinCheck handle sponsor bank due diligence requests?
We prepare and maintain the documents banks ask for: risk assessment, BSA/AML and OFAC policies, KYC/KYB procedures, monitoring, complaints and vendor oversight.
What if we already have a compliance program?
We run a gap review against your sponsor bank's requirements and regulator expectations, then update policies and controls where they fall short.
Can FinCheck help with KYC, KYB and transaction monitoring vendor selection?
Yes. We define requirements, compare providers and help tune rules and thresholds so alerts match your real risk.
Do you provide BSA/AML training for our team and board?
Yes. We deliver annual and role-based BSA/AML and OFAC training for staff, plus board-level briefings on compliance responsibilities.
Can FinCheck help us decide whether to get licensed?
Yes. We map your flow of funds and give you a written recommendation on licensing directly versus operating through a sponsor bank.