FinTech Risk
Management
Confidently enter FinTech partnerships with a better understanding of the capabilities and associated risks of each partner.
Intuitive Reporting & Dashboards
Timely and actionable information is delivered through easily configurable dashboards, creating visibility throughout the entire organization.
Centrally Administered Cloud-Based Platform
Streamline oversight with a centralized platform to manage FinTech risks, workflows, and documentation across your institution—anytime, anywhere.
Access-controlled
Maintain data security and compliance through robust, role-based access controls—ensuring only authorized stakeholders can view, edit, or manage risk-related data, documents, and reports across your organization.
Time-series Data with Secure Data Repository
Capture and store FinTech risk metrics over time in a secure, structured repository—providing a complete audit trail and historical view of risk posture for regulators and internal stakeholders.
Data-visualization & Detailed Reporting
Turn complex risk data into clear, actionable insights with built-in dashboards and customizable reporting—designed to support board updates, internal reviews, and regulatory examinations.
Drill-down Into Supporting Indicators, Data & Documents
Easily explore the underlying data, evidence, and documentation for each FinTech relationship—enabling transparency, defensibility, and faster responses to audit or regulatory inquiries.
Improving Safety & Soundness
Implementing a FinTech Risk Framework can ensure strategic and financial alignment with your goals, tailored to the risks posed by each FinTech to your Financial Institution.
Score Your Institution Across Five Pillars of Risk
With Lumio's FinTech Risk Framework tool, customers can easily map a partner’s current state, track changes, view historical results, and access powerful workflow capabilities to manage FinTech risk.
Stay Proactive With Regulators
The FRB, FDIC, and OCC have issued joint guidance around conducting due diligence on financial technology companies and will hold FIs accountable for the actions or issues related to their FinTech partners. Our team of in house experts help provide expertise and guidance utilizing our proven risk maturity framework, focused on managing FinTech risk.
Why Implement a FinTech Risk Framework?
Implementing a FinTech Risk Framework ensures your FinTech relationships appropriately support the strategic and financial goals of the Financial Institution. It should document an initial assessment and measure ongoing performance of the banks FinTech Partners.
Communicates to Board & Executive Team on Your Current Risk Maturity Level
Deliver clear, concise updates on FinTech risk maturity through visual reports and metrics - empowering leadership to make informed, strategic decisions with confidence and oversight.
Explore Other Lumio Risk Apps
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Enterprise Risk Management (ERM)
Whether responding to regulatory pressure, enabling board oversight, or strengthening internal controls, Lumio simplifies ERM with configurable frameworks, centralized data, and timely insights. It's not just risk management, it's risk intelligence.
✓ Mitigate Hidden Factories
✓ Execute Against a Strategic Risk Management Plan
✓ Transform Raw Data into Normalized KRIs
✓ Track & Report on Risk Improvement Activities (RIAs)
Risk and Control Self-Assessment (RCSA)
Lumio RCSA is more than just a tool; it’s a strategic asset designed to empower your institution to thrive in the face of uncertainties. Say goodbye to multiple-system management, as the RCSA is integrated within Lumio’s Risk Suite, creating a centralized hub for your risk program.
✓ Tailored to Your Uniqe Institution
✓ Enables Full Control of the Self-assessment Process
✓ Flexible Hierarchy Creation
✓ Integrated & Rolls-up to ERM & Accessible To All Users
Program Risk Assessment
Lumio’s integrated risk assessment tools are informed by regulatory guidance and maintained by our in-house team of risk professionals. Retire manual processes and outdated excel templates by leveraging Lumio to execute your program risk assessments.
✓ Centralize & Automate Systems
✓ Enhance Efficiency & Productivity
✓ Enable Risk Visibility
✓ Gain Regulatory Confidence
Risk Maturity Framework
Learn how Lumio's Enterprise Risk Maturity Framework, a diagnostic and prescriptive self-assessment tool to elevate an institution's enterprise risk management program and track progress over time.
✓ Engage & Educate Leadership
✓ Identify & Prioritize Risk Gaps
✓ Monitor & Track Progress Over Time
✓ Leverage Peer Comparison Benchmarketing
FinTech Risk Management
Confidently enter FinTech partnerships with a better understanding of the capabilities and associated risks of each partner. With Lumio's FinTech Risk Framework and self-assessment tools, you can identify improvement areas, develop a roadmap to enhance risk infrastructure, and evidence progress to regulators
✓ Assess Company-Wide FinTech Competence
✓ Identify New FinTechPartners & Onboard
✓ Conduct Periodic Risk Assessments
✓ Data-visualization & Detailed Reporting
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