April 13, 2017
OCC Announces One-on-One Industry Meetings As Part of Office of Innovation Office Hours
WASHINGTON — The Office of the Comptroller of the Currency (OCC) announced its Office of Innovation will host two days of office hours for national banks, federal savings associations (FSAs), and financial technology companies (fintech companies) wishing to discuss the OCC’s perspective on responsible innovation. This initial round of meetings will be held in the OCC’s San Francisco Field Office on May 16 and 17, 2017.
“The OCC’s Office of Innovation office hours are an opportunity to have candid discussions with OCC staff regarding financial technology, new products or services, partnering with a bank or fintech company or other matters related to financial innovation,” said Acting Chief Innovation Officer Beth Knickerbocker.
Interested parties may request a meeting during the two-day office hours session through the OCC’s Office of Innovation Office Hours Invitation. Specific meeting times and arrangements will be determined after the OCC receives the request.
OCC staff will provide feedback and respond to questions. Each meeting will be no longer than one hour. The OCC asks attendees to provide some information about why they are interested in meeting with the agency prior to the meeting. The OCC will meet with up to 15 companies over the two-day period. The OCC anticipates holding office hours in other designated cities at a later date.
In October 2016, the OCC created its Office of Innovation to serve as the conduit for banks, fintech companies, and other stakeholders to have a candid and open dialogue with the agency on innovation and to provide technical assistance. The Office of Innovation also implements the OCC’s responsible innovation framework, which includes:
- Establishing an outreach and technical assistance program,
- Conducting awareness and training activities,
- Encouraging coordination and facilitation,
- Establishing an innovation research function, and
- Promoting interagency collaboration.