Exam Preparation
Trust Exam Preparation for BaaS Platforms
Trust examinations evaluate your fiduciary practices, account administration, and investment management. Canarie helps you maintain evidence of compliant trust operations throughout the examination cycle. Specifically tailored for the unique examination requirements facing 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
OCCFDICState banking regulators
Exam Frequency
Annual or every 18 months
Preparation Steps for BaaS Platforms
1
Review trust policies and procedures2
Compile account administration evidence3
Document investment review activities4
Gather fee disclosure documentation5
Prepare conflict of interest reviews6
Document fiduciary decision-making7
Compile trust committee minutesEvidence Examiners Expect
Trust policies and procedures
Account acceptance documentation
Investment review records
Fee calculation and disclosure
Conflict of interest documentation
Trust committee meeting minutes
Exception and override tracking
Related Compliance Areas for BaaS Platforms
Third-party risk managementBSA/AML program oversightConsumer compliance oversightPartner due diligenceRegulatory examination management
Frequently Asked Questions
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Consumer Compliance Exam Preparation
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Transform Trust Exam Preparation for Your BaaS Platform
See how baas platforms prepare for examinations in days, not weeks.