Meanwhile, cybersecurity rater Bitsight is warning of the dangers of partnerships between attractive but insecure financial technology (fintech) startups and traditional banks. As it launched its Peer Analytics service at the RSA Conference for IT security in San Francisco, Bitsight warned that third-party partnerships were an emerging source of danger for banks. “The banks’ methods of risk assessment need updating,” said Bitsight’s vice-president of government affairs, Jake Olcott.
