Impact of fintech on lending, deposit taking, payments, subject of OCC research project

The impact of financial technology (fintech) entities and nonbanks on banking and the markets for lending, deposit-taking, and payment services is the subject of research – and a call for papers – by the national bank regulator, the agency said Monday.

In a release, the Office of the Comptroller of the Currency (OCC) said it is soliciting academic- and policy-focused research on the subject. Selected papers, the agency said, will be presented Nov. 7-8 at agency headquarters in Washington to an audience of OCC staff and invited guests.

“These presentations will serve as a platform for interested academic, regulatory, and other experts to discuss research that explores how the banking system, and community banks in particular, leverage technology and respond to the growth of new providers of banking services, whether competitive or cooperative,” OCC said.

Submitted papers must represent original and unpublished research, the agency said.

The OCC said additional information about submitting a paper or research, and participating in the November meeting as a discussant, is available on the agency’s website.

OCC Solicits Research on Implications of Financial Technology for Banking