Verify lending-partner disclosures at each release

For an LSP, compare the regulated lender’s approved terms, key facts and grievance details to app screens and change tickets. Obtain lender sign-off on deviations before publishing the borrower journey.

A reporting period opens or an internal, auditor or authority request is received.

People in the process

LLending PartnershipsProcess Owner
RRegulated LenderParticipating Team
PProductParticipating Team
LLegalParticipating Team

Records it works with

Reporting checklist and prior approved pack
Current operating and financial schedules
Supporting records, reviewer comments and approvals

The process is a starting point.The standards are yours.

Configure for the entity’s actual role. Payment-aggregator, gateway and lending-partner obligations are distinct; the workflow must use the relevant permissions, partner contracts and reviewed requirements.

Keep the work connected.

Product, Compliance & Regulated Partnerships

Classify a new payment flow before launch

Map who holds funds, contracts merchants, instructs settlement and supplies technology. Compliance and counsel decide whether the business acts as PA, gateway or another participant before product adopts the applicable controls.

PLP

Product, Compliance & Regulated Partnerships

Carry approved payment terms into customer journeys

Compare the signed merchant and partner positions on fees, refunds, privacy and disputes with checkout and support copy. Product owners approve necessary changes before release so live promises match agreed operating roles.

LMP

Product, Compliance & Regulated Partnerships

Reconcile default-loss guarantee performance with the agreement

Where a regulated lender has an eligible DLG arrangement, compare the fixed covered portfolio, defaults, claims, security and recoveries to approved terms. Finance and risk decide invocation and accounting without obscuring underlying loan classification.

RRF

Explore all Fintech & payments processes.

Order for the work. Room for the people.