Exam Preparation
Safety & Soundness Exam Preparation for Neobanks
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 neobanks.
Neobanks Exam Preparation Challenges
Meeting sponsor bank compliance requirements
Building compliance credibility
Scaling compliance with user growth
Preparing for potential direct regulation
Managing third-party risk
Examining Agencies
FDICOCCFederal ReserveNCUA
Exam Frequency
Annual for most institutions
Preparation Steps for Neobanks
1
Update enterprise risk assessment2
Compile board and committee minutes3
Gather audit and examination follow-up evidence4
Document policy review completions5
Prepare capital and liquidity documentation6
Compile internal control testing results7
Document vendor management activitiesEvidence 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 Neobanks
BSA/AML programConsumer protectionData privacyThird-party risk managementSponsor bank requirements
Frequently Asked Questions
Other Exams for Neobanks
BSA/AML Exam Preparation
Execute BSA/AML exam preparation with automated evidence capture and workflow management.
Fair Lending Exam Preparation
Demonstrate fair lending compliance with systematic evidence capture and monitoring workflows.
Consumer Compliance Exam Preparation
Prepare for consumer compliance examinations with comprehensive evidence capture across all regulations.
Safety & Soundness Exam Preparation for Other Industries
Transform Safety & Soundness Exam Preparation for Your Neobank
See how neobanks prepare for examinations in days, not weeks.