About: CFES is an industry-led organization open to banks, fintechs, and other companies that sets operating rules promoting safety and soundness, along with competition, in financial services.
Why: Partnerships between non-banks and banks play an important role in financial services innovation and growth for community banks. However, clear risk management and compliance standards will be key to maintaining their operational and business viability.
Members: CFES members represent partnerships across a set of expertises including the provision of lending services, payment processing, and open banking. Our members provide input that ensures standards reflect compliance rigor that keeps up with evolving technologies and banking partnerships.
Objectives
Alignment on compliance and risk management expectations across the financial services ecosystem
Clearer guidelines and procedures for modern financial services products
Competitive markets and products with greater consumer choice
White Paper
The Coalition for Financial Ecosystem Standards (CFES) presents a comprehensive analysis of bank-nonbank partnerships in financial services. This white paper examines partnership models, market impacts, and regulatory challenges, offering key recommendations to foster innovation while ensuring compliance and consumer protection.
