Speed with control
Automate procurement from intake to assessment to contract, with guardrails that keep your policies in force.
ReportThe 2026 State of TPRMThe 2026 State of TPRM: where programs break and what risk leaders want insteadDownload
Sponsor banks own the risk of every fintech program. Coverbase makes it visible.
When you sponsor a fintech, you inherit its third parties too. Coverbase gives you program-level oversight and nth-party visibility into the vendors behind each program.
CoverbaseSponsor banks | fintech partner
Sponsor banks | fintech partner
The vendor behind the partner
Fintech partner
Partner vendors
Program terms
Agent work
01Map the dependency
02Review the evidence
03Route a gap
Partner chain in view
Your oversight team decides what to escalate.
Why sponsor banks choose Coverbase
- 01
Program-level oversight
Monitor each fintech program and the vendors inside it from one place, not a stack of partner spreadsheets. - 02
Nth-party visibility
See the fourth and fifth parties sitting behind your fintech partners, where the real concentration risk hides. - 03
Built for BaaS scrutiny
Stand up the documentation and monitoring regulators expect from sponsor banks, given heightened regulatory scrutiny of bank-fintech partnerships. - 04
Partner due diligence at scale
Assess and reassess fintech partners on a consistent schedule without manual chasing. - 05
Evidence for every program
Keep a complete, exam-ready record for each sponsorship relationship.
Oversight that keeps pace with your programs
BaaS moves fast and regulators are watching. Coverbase gives compliance the visibility to stay in front of both.
Per-program risk views
Roll risk up by program or drill into a single partner's vendors.Fourth-party monitoring
Monitor the key vendors your partners depend on.Consistent partner standards
Hold every fintech to the same diligence bar, automatically.Regulator-ready packages
Generate documentation for each program when examiners ask.
One platform for third-party risk and security
Explain with confidence
AI shows its reasoning for each recommendation, so you can explain your ratings, approvals, and exceptions.
Automate with assurance
Launch new workflows and adapt controls as your program and its regulations change.
How we protect your data
These are the practices behind the supplier records and evidence you keep in Coverbase. Read our security and privacy program.
To request our SOC 2 report or report a vulnerability, email security@coverbase.ai.
Independent review
A SOC 2 Type II audit against the AICPA Trust Services Criteria for security, availability, and confidentiality.Testing and remediation
External penetration tests every year, plus vulnerability scans and static and dynamic application security tests, with findings tracked through remediation.Identity and production access
SSO and SAML with Okta, Microsoft Entra, Google, and other identity providers. Multi-factor authentication is required for production access.Data protection
Data encrypted at rest with AES-256 and in transit with TLS 1.2 or higher.Internal accountability
Access logging, quarterly least-privilege reviews, and required employee security and privacy training.
Who owns the fintech program risk?
The bank keeps accountability even when the work sits elsewhere.
Does a fintech partner take over the bank's regulatory responsibility?
No. The federal banking agencies say using third parties does not reduce your bank's responsibility under applicable law. We make the partner evidence and your decisions easier to follow.
Does the July 2024 joint statement on bank-fintech arrangements create new requirements?
No. The 2024 joint statement describes deposit-arrangement risks and risk-management practices; it does not establish new supervisory expectations.
Can we examine providers behind a fintech partner?
Yes. We map the fintech's material processors, middleware, and other relevant dependencies where the relationship and available information support that review.