ICBA told the OCC that as banks and fintechs increasingly collaborate, it is essential that regulators adopt policies that recognize the benefits of these partnerships and address emerging risks in a thoughtful, proportionate manner.
ICBA: OCC should pave the way for successful bank-fintech partnerships
May 05, 2025 / By ICBA
ICBA told the OCC that as banks and fintechs increasingly collaborate, it is essential that regulators adopt policies that recognize the benefits of these partnerships and address emerging risks in a thoughtful, proportionate manner.
ICBA told the OCC that as banks and fintechs increasingly collaborate, it is essential that regulators adopt policies that recognize the benefits of these partnerships and address emerging risks in a thoughtful, proportionate manner.
Details: In a letter to Acting Comptroller of the Currency Rodney Hood, ICBA said the OCC should:
Recognize the value of bank-fintech collaboration.
Modernize oversight.
Lay the foundation for shared standards and infrastructure.
Enable strategic investment in fintech.
ICBA Collaboration: A recent ICBA blog post details collaboration between community banks, fintechs, and regulators.
Advocacy: In a comment letter to the agencies on bank-fintech relationships last fall, ICBA said a standard-setting organization and certificate program would make it easier to get new technologies through a bank’s internal approval process.
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