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Friday, January 27, 2023

OCC Available For Fintech

The Office of the Comptroller of the Currency (OCC) announced that its staff will be available for fintech-related discussions with service providers and companies. The OCC is an independent bureau in the U.S. Treasury Department that supervises national banks and federal savings associations, which includes investment services and activities like cryptocurrency custody.

The OCC is an independent bureau in the U.S. Treasury Department that supervises national banks and federal savings associations, which are collectively known as federally regulated financial institutions (FRFIs).

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The OCC said it wants to engage with fintech firms through different channels, including technology offices, bank innovation offices, regtech forums, industry alliances, and other events involving regulators from multiple agencies.

OCC To Discuss Fintech

The company states that it wants to engage with fintech companies through different channels, including technology offices, bank innovation offices, regtech forums, industry alliances, and other members of the financial services industry interested in fintech.

“We have been working with our national bank supervisory community on understanding the potential impacts of Fintech developments on our regulatory oversight,” said Jennifer Lee Solomon, associate director for policy coordination at the OCC. “Our goal is to help ensure that banks can safely adopt new innovations while maintaining their core safety and soundness.”

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The company is also open to connecting with fintech companies through technology offices, bank innovation offices, regtech forums and industry alliances. The office also wants to get in touch with other members of the financial services industry interested in fintech.

We are eager to hear from the fintech community and facilitate meaningful engagement that makes it easier for companies to do business with us. The OCC is committed to working with innovators and entrepreneurs who are interested in changing the way financial services work for everyone.

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