Scott Grow
Compliance & BSA Consultant at Key Compliance Group
Scott is a highly experienced compliance professional in the banking industry with extensive experience overseeing regulatory compliance, BSA/AML programs, and consumer-protection frameworks for fintech/bank partnerships. Scott is a Certified Regulatory Compliance Manager (CRCM) and earned a Masters of Science in Jurisprudence with a concentration in financial services compliance. His subject matter expertise includes Compliance Management Systems (CMS), fintech sponsorship and third-party lending, BSA/AML programs, consumer protection laws, risk assessment processes, and regulatory exam management.
In addition to his compliance leadership, Scott is a recognized speaker and educator on payment stablecoins, blockchain, and digital assets. He has presented to banking executives, regulators, and compliance professionals on the risks and opportunities these technologies pose for financial institutions. Scott is the chair of the Stablecoin Institute, an educational platform through Compliance Alliance and the Bankers Institute. Scott combines a deep understanding of traditional bank regulation with forward-looking expertise in digital finance, making him a trusted resource for banks navigating the evolving intersection of compliance, innovation, and technology.
All Sessions by Scott Grow
Panel
Vendor Management Stablecoin Best Practices
With the enactment of the GENIUS Act and the integration of payment stablecoins into banking operations, regulators anticipate that financial institutions will exercise the same level of vendor oversight for stablecoin partners as they do for any critical third-party service providers. This 60-minute session offers a practical and regulator-friendly framework for performing due diligence on stablecoin service providers, including issuers, custodians, blockchain infrastructure providers, and on-chain analytics companies. Centered on the five-stage Interagency Third-Party Risk Management (TPRM) lifecycle, the presentation guides participants through the processes of planning, due diligence, contract negotiation, ongoing monitoring, and termination, with stablecoin-specific enhancements incorporated at each stage. Prior knowledge of blockchain technology is not necessary. The fundamental message is clear: the risks associated with stablecoins are essentially familiar risks presented in a new format, and the framework currently used by your institution is an appropriate starting point. Each participant will receive a supplementary due diligence toolkit comprising five independent documents ready for immediate use within their institutions. Due Diligence Checklist - features more than 145 elements organized into 26 categories of risk, structured by lifecycle phase and type of partner, along with criteria for acceptance and the reasons for regulatory compliance for each item. Risk Quantification Scorecard - is an engaging spreadsheet designed to evaluate inherent risks, the effectiveness of controls, and residual risks, generating narratives for board reports automatically. Examiner Narrative Templates - include five editable documents that address risk appetite declarations, compliance memos for different lifecycle stages, specific evaluations of stablecoins, alignment with the GENIUS Act, and summaries for continuous monitoring. Board Reporting Template - presents a quarterly dashboard layout featuring risk indicators, monitoring checklists, tracking for remediation efforts, and confirmation sign-offs. Executive Summary Handout - condenses the complete framework into a two-page guide for senior management, addressing the required actions for banks, expectations from examiners, and the distinctions between due diligence for stablecoins and traditional vendor management.
Due Diligence on Stablecoin Partners
With the GENIUS Act now law and payment stablecoins entering banking operations, regulators expect institutions to apply the same vendor oversight rigor to stablecoin partners that they apply to any critical third party. This 60-minute session provides a practical, regulator-aligned framework for conducting due diligence on stablecoin service providers — from issuers and custodians to blockchain infrastructure providers and on-chain analytics firms. Built around the five-stage Interagency TPRM lifecycle, the presentation walks attendees through planning, due diligence, contract negotiation, ongoing monitoring, and termination with stablecoin-specific overlays at every stage. No prior blockchain expertise is required. The core thesis is straightforward: stablecoin risk is familiar risk in a new wrapper, and the framework your institution already uses is the right starting point. Every attendee will receive a companion due diligence toolkit containing five standalone documents available for download and ready for immediate institutional use. - Due Diligence Checklist - provides over 145 items across 26 risk categories, organized by lifecycle stage and partner type, with acceptance criteria and regulatory rationale for each. - Risk Quantification Scorecard - is an interactive worksheet for scoring inherent risk, control effectiveness, and residual risk with auto-generated board reporting narratives. - Examiner Narrative Templates - offer five fill-in-the-blank documents covering risk appetite statements, lifecycle compliance memos, stablecoin-specific risk evaluations, GENIUS Act alignment, and ongoing monitoring summaries. - Board Reporting Template - provides a quarterly dashboard format with risk indicators, monitoring checklists, remediation tracking, and attestation sign-off. - Executive Summary Handout - distills the entire framework into a two-page reference for senior leadership, covering what banks must do, what examiners will expect, and what differentiates stablecoin due diligence from traditional vendor oversight.
