Advisory

Coalition for Financial Ecosystem Standards (CFES)

CFES is an industry-led organization open to banks, fintechs, and other companies that sets operating rules promoting safety and soundness, along with competition, in financial services.

Partnerships between non-banks and banks play an important role in financial services innovation and growth for community banks. However, clear risk management and compliance standards will be key to maintaining their operational and business viability.

Alignment on compliance and risk management expectations across the financial services ecosystem
Clearer guidlines and procedures for modern financial services products
Competitive markets and products with greater consumer choice