15 Questions Fintechs Should Ask Potential Bank Partners In Due Diligence

Out of recent banking agency focus on fintech-bank partnership arrangements, we've had a number of fintech clients inquire about the questions they should ask potential bank partners in due diligence. This Fintech Flash featuresa number of questions we recommend.

Before we get to the questions, a few preliminary points should be made. First and overarching, we often hear anecdotally from fintech clients that there is close cooperation with their partner banks and that program camaraderie develops between the parties. Both parties treat these arrangements as true partnerships relationship-wise, recognizing that each party needs information from the other to evaluate the opportunity, commit to the arrangement, and launch and grow the program. To have a successful program, each party must have good results, and that begins with mutual cooperation in due diligence.