OCC establishes Office of Financial Technology to keep pace with fintechs
By 
Jeff Dale2023-03-31T16:49:00
The Office of the Comptroller of the Currency (OCC) established its Office of Financial Technology on Thursday to supervise the fintech industry as it grows at a “rapid pace,” the agency said.
The new office, announced in October, is a further expansion upon the OCC’s Office of Innovation and will heighten the agency’s focus on its “agility in providing high-quality supervision of bank-fintech partnerships,” according to a press release.
Additionally, the office will enhance the OCC’s expertise on matters regarding digital assets, fintech partnerships, and “other changing technologies and business models within and that affect OCC-supervised banks,” the agency said.
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