Bank Director Features Article from Stinson Attorneys on Board Oversight of FinTech Firms
Stinson LLP attorneys Karen Garrett and Lindsay Harden authored an article published by Bank Director's Governance Committee.
In the article, "Outsourcing the Service, Not the Oversight," Karen and Lindsay discuss the role of a bank's board of directors when partnering with an outside FinTech firm. Specifically, when the board should be hands on, and what oversight looks like when it comes to risk management and performance monitoring.
Karen frequently helps banking and financial services clients with compliance, corporate law and regulatory matters. She also facilitates her clients' efforts to bring products and services to market, negotiates service provider contracts, and advises on complex mergers and acquisitions.
Lindsay advises banking and financial services clients on various financial regulatory matters that affect their businesses. She analyzes legal issues and helps clients structure their FinTech, payments and banking products and platforms in compliance with state and federal law.