Fintel Connect, a provider of growth marketing solutions for the financial industry, has launched Fintel Check for BaaS, an automated, cost-accessible fintech partner monitoring tool designed for Banking-as-a-Service (BaaS) sponsor banks and middleware providers. With Fintel Check for BaaS, BaaS banks will have access to an automated, scalable solution to achieve comprehensive monitoring of fintech partners’ marketing activities.
Fintel Check is designed to address the challenges BaaS banks face when monitoring and policing fintech partner marketing activity, including ensuring compliance, maintaining audit trails, scaling monitoring efforts, and managing costs effectively.
Nicky Senyard, CEO at Fintel Connect said they are committed to improving their to help build a safer and stronger fintech-bank ecosystem.
Fintel Check automates the scanning, monitoring, evaluation, and documentation of fintech partner marketing activity, saving compliance teams hours of time-intensive manual monitoring that often leaves room for error.
Coastal Community Bank was one of the first banks to pilot the Fintel Check product. Eric Sprink, CEO of Coastal, says, “As sponsor bank opportunities continue to grow, it opens the door for new specialized technologies that can create greater operational efficiencies and scalability in this area. The Fintel Check product, in particular, gives compliance teams the ability to save time and increase their capability, and in a way that’s not cost-prohibitive.”
