How OCC Plans to ‘Manage’ Fintech Innovation

A white paper released Thursday said the agency might issue new guidance on fintech product development, third-party risk management and new products targeting the underbanked; streamline its licensing procedures; and appoint experts on “responsible innovation.” It is still deciding whether to open an office dedicated to monitoring the fintech sector.

How OCC Plans to ‘Manage’ Fintech Innovation

A white paper released Thursday said the agency might issue new guidance on fintech product development, third-party risk management and new products targeting the underbanked; streamline its licensing procedures; and appoint experts on “responsible innovation.” It is still deciding whether to open an office dedicated to monitoring the fintech sector.