Janet Hale Shares Advice for Financial Institutions on Banking as a Service

Washington, D.C., April 1, 2024 — Janet Hale, a Senior Managing Director in the Forensic and Litigation Consulting segment at FTI Consulting, shares advice for financial institutions on banking-as-a-service relationships with fintech companies in an article published in American Banker. In particular, she stressed the importance of regular compliance checks for a bank’s fintech partners. “I've seen some situations where the compliance so-called checklist or testing is handled by the business, and they may not fully grasp the regulatory requirements for monitoring and testing,” Ms. Hale said. Read the full article here (subscription required).

Ms. Hale is a member of the Financial Services practice at FTI Consulting, with more than 25 years of experience working in regulatory compliance and risk management. She helps clients implement effective risk management structures and navigate complex compliance laws and regulations. Ms. Hale is designated by the American Bankers Association as a Certified Regulatory Compliance Manager and Certified Enterprise Risk Professional.

About FTI Consulting
FTI Consulting, Inc. is a global business advisory firm dedicated to helping organizations manage change, mitigate risk and resolve disputes: financial, legal, operational, political & regulatory, reputational and transactional. With more than 7,900 employees located in 31 countries and territories, FTI Consulting professionals work closely with clients to anticipate, illuminate and overcome complex business challenges and make the most of opportunities. The Company generated $3.49 billion in revenues during fiscal year 2023. In certain jurisdictions, FTI Consulting’s services are provided through distinct legal entities that are separately capitalized and independently managed. For more information, visit www.fticonsulting.com.

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Source: FTI Consulting, Inc.