"Bank Partnership Agreements, Demystified," Davis Wright Tremaine Webinar
Bank partnerships are the engine of much of the U.S. fintech market, and for good reason. While commercial and legal objectives vary, non-bank fintechs routinely maintain bank partner relationships to support the financial services component of their products, to access payment systems, and to streamline compliance obligations under a bank's single charter. Conversely, banks increasingly invest in managing fintech partner programs to expand customer bases, deepen product and service sophistication, and manage balance sheet risk. However, the agreements that govern bank-fintech partnerships are frequently overlooked as a legal formality—just a static document to paper the bank's control rights and the fintech's compliance responsibilities without regard for how the parties intend to manage their relationship or provide the product or service day-to-day.
In this DWT webinar, panelists explored several bank partnership agreement issues that, in our experience, are key to a healthy partner relationship and a successful bank-sponsored product.
- Andy Lorentz, Partner, Davis Wright Tremaine
- Chris Ford, Partner, Davis Wright Tremaine
- Ryan Richardson, Partner, Davis Wright Tremaine
- Aisha Smith, Counsel, Davis Wright Tremaine