FDIC Looks to More Fintech Tracking After Synapse Collapse (1)

The Federal Deposit Insurance Corp. has started to more closely track financial-technology companies that partner with banks across the US, according to people familiar with the regulator’s supervisory operations.

The system will help FDIC examiners anticipate potential vulnerabilities before they become a problem for banks, according to the people, who asked not to be named because they were not authorized to speak publicly.

Specifically, the system would make it easier to maintain consistent oversight of fintechs even if they were to switch banking partners, and complements the agency’s existing bank oversight mechanisms, the people said. The FDIC declined to comment ...