Banks are expected to oversee their third parties, and that oversight flows down to the vendors you rely on for KYC, fraud, cloud and support. We draft and negotiate vendor contracts with the audit, reporting and exit terms that let you pass bank diligence. You get a flat fee, quoted before any work starts.
At a glance
- Practice
- Fintech
- Pricing
- Flat fee, quoted before we start
- Included
- 6 deliverables
- Process
- 3 steps, one named attorney
- Where we work
- Slack, email or a call
When founders call us
The moments that usually bring a company to us for this work.
- 01
Your sponsor bank's diligence questionnaire asks for copies of your critical vendor contracts
- 02
You are signing a KYC, fraud or core ledger vendor on its standard terms
- 03
A bank exam finding or partner audit flagged gaps in your vendor oversight
- 04
You are selling to a bank and its procurement team sent a long vendor addendum
What you get
Scoped in writing before we start. One flat fee for all of it.
- Third-party risk addendum covering audit rights, reporting and regulator access
- Subcontractor approval and flow-down provisions
- Business continuity, incident notice and data return terms
- Termination assistance and transition clauses so you can switch vendors
- Redline of the vendor's paper or the bank's supplier addendum
- Clause map showing which bank requirement each provision answers
How it works
- 1
Identify critical vendors
We confirm which vendors touch customers, funds or data and what your bank expects of each.
- 2
Draft or redline
We add the oversight terms to vendor paper or build a reusable addendum you can attach.
- 3
Close it out
We negotiate pushback from the vendor and deliver final, signature-ready documents.
Mistakes we help you avoid
The ones we see most often, and catch before they cost you.
- Avoided
Signing a critical vendor's clickthrough terms that give no audit or regulator access rights
- Avoided
Missing a subcontractor chain where your vendor outsources the core service to someone else
- Avoided
Having no transition assistance clause, which makes switching a failing vendor slow and costly
- Avoided
Agreeing to a bank's supplier addendum with obligations you cannot flow down to your own vendors
Vendor & Service Contracts: questions founders ask
It is the process banks use to assess and monitor the outside companies they rely on, including fintech partners and those partners' vendors. US banking agencies issued joint guidance on third-party relationships in 2023 that shapes what banks ask for. In practice, it shows up as contract terms, questionnaires and ongoing reporting.
If your vendor handles the bank's customers, funds or data, a failure there can become the bank's problem. Banks therefore ask fintech partners to show their critical vendor contracts include oversight and exit protections. Strong vendor terms make bank diligence faster.
Large vendors often have their own financial-services addendum already. We compare it with what your bank needs and negotiate the gaps rather than starting from scratch. Some points will not move, and we tell you which ones are worth pressing.
Yes. When you sell to a bank, its procurement addendum puts the same oversight obligations on you. We review what you are committing to and flag obligations that conflict with your other contracts or capabilities.
Get a flat-fee quote for Vendor & Service Contracts.
A short call with an attorney. You leave with a written scope and one fixed price.
Book a call