12 USC 5531, 5536

UDAAP Compliance Execution for Licensed Fintechs

UDAAP prohibitions require financial institutions to avoid unfair, deceptive, or abusive practices. Canarie helps you execute UDAAP compliance through automated workflows for product reviews, complaint analysis, and risk monitoring. Specifically tailored for the compliance requirements of licensed fintechs.

More for Licensed Fintechs

Key Requirements

1
Product and service design review
2
Marketing and advertising review
3
Complaint monitoring and analysis
4
Third-party vendor oversight
5
Training on UDAAP standards
6
Risk assessment and monitoring

Licensed Fintechs Compliance Challenges

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

How Canarie Helps Licensed Fintechs

Automated Workflows

Recurring UDAAP Compliance Execution tasks are scheduled, assigned, and tracked automatically.

Evidence Capture

Evidence is captured automatically as compliance work is completed.

Audit Trails

Complete audit trails show who did what, when, with immutable records.

Examiner-Ready Export

Export organized evidence packages in formats examiners expect.

Non-Compliance Risks

Restitution to harmed consumers
Civil money penalties up to $1M per day
Disgorgement of profits
Injunctive relief

Frequently Asked Questions

Automate UDAAP Compliance Execution for Your Licensed Fintech

See how licensed fintechs execute compliance with confidence.