Compliance Considerations After OCC Ups Fintech Scrutiny

5 minute read | November.03.2022

The Office of the Comptroller of the Currency recently noted bank-fintech partnerships as a key element of its fiscal year 2023 bank supervision operating plan, putting both OCC-supervised depository institutions and fintech companies looking to partner with them on notice that their relationships and activities will draw attention during OCC examinations.

The plan is a milestone in a line of OCC statements and guidance regarding fintech partnerships that reveal its deep interest in — and in the eyes of some observers, potential skepticism of — these relationships.