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FILE PHOTO: A view of the Federal Deposit Insurance Corporation building in Arlington, Virginia, October 25, 2010. REUTERS/Jim Young/File Photo
The Federal Deposit Insurance Corporation has started to directly monitor financial-technology companies that partner with banks across the U.S., Bloomberg News reported on Wednesday.
The fintech monitoring system will help FDIC examiners anticipate potential vulnerabilities before they become a problem for banks, the report added, citing people familiar with the regulator’s supervisory operations.