Canarie AI

Exam Preparation

Safety & Soundness Exam Preparation for BaaS Platforms

Safety and soundness examinations evaluate your institution's financial condition, risk management, and operational practices. Canarie helps you maintain evidence of governance, risk management activities, and control effectiveness throughout the examination cycle. Specifically tailored for the unique examination requirements facing baas platforms.

More for BaaS Platforms

BaaS Platforms Exam Preparation Challenges

Oversight of multiple fintech partners
Demonstrating partner compliance to examiners
Scaling oversight with partner growth
Managing third-party risk at scale
Consistent compliance standards

Examining Agencies

FDICOCCFederal ReserveNCUA

Exam Frequency

Annual for most institutions

Preparation Steps for BaaS Platforms

1
Update enterprise risk assessment
2
Compile board and committee minutes
3
Gather audit and examination follow-up evidence
4
Document policy review completions
5
Prepare capital and liquidity documentation
6
Compile internal control testing results
7
Document vendor management activities

Evidence Examiners Expect

Board and committee meeting minutes
Enterprise risk assessment
Audit findings and remediation tracking
Policy attestations and reviews
Capital planning documentation
Internal control testing results
Vendor due diligence records

Related Compliance Areas for BaaS Platforms

Third-party risk managementBSA/AML program oversightConsumer compliance oversightPartner due diligenceRegulatory examination management

Frequently Asked Questions

Transform Safety & Soundness Exam Preparation for Your BaaS Platform

See how baas platforms prepare for examinations in days, not weeks.