About: CFES is an industry-led organization that sets operating rules that promote safety and soundness for non-banks participating 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
Clearer alignment on compliance and risk management practices
Standardized expectations throughout initial due diligence and various phases of growth
Enhanced trust and compliance across the fintech ecosystem
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.
