Canarie AI

Exam Preparation

Third Party Risk Exam Preparation for Licensed Fintechs

Third-party risk examinations evaluate your vendor management program, from due diligence to ongoing monitoring to exit strategies. Canarie helps you maintain evidence of systematic vendor oversight throughout the vendor lifecycle. Specifically tailored for the unique examination requirements facing licensed fintechs.

More for Licensed Fintechs

Licensed Fintechs Exam Preparation Challenges

Managing licenses across 50+ jurisdictions
Tracking state-specific requirements
License renewal management
State examiner relationships
Scaling to new states efficiently

Examining Agencies

OCCFDICFederal ReserveCFPB

Exam Frequency

As part of safety and soundness or targeted examination

Preparation Steps for Licensed Fintechs

1
Update vendor risk assessment
2
Compile due diligence documentation
3
Document ongoing monitoring activities
4
Gather contract management evidence
5
Prepare incident and issue tracking
6
Document board oversight of critical vendors
7
Compile exit strategy documentation

Evidence Examiners Expect

Vendor risk management policy
Vendor risk assessments and tiering
Due diligence documentation
Ongoing monitoring records
Contract inventory and reviews
Vendor performance metrics
Board reporting on critical vendors

Related Compliance Areas for Licensed Fintechs

State licensing and renewalBSA/AML programConsumer protectionState-specific disclosure requirementsExamination management

Frequently Asked Questions

Transform Third Party Risk Exam Preparation for Your Licensed Fintech

See how licensed fintechs prepare for examinations in days, not weeks.