‘Responsible innovation’ in banking system is aim for OCC office hours next month

Promoting responsible innovation in the federal banking system is the aim of virtual innovation office hours set for Dec. 14-15 by the national bank regulator.

The Office of the Comptroller of the Currency (OCC) said interested parties should request a virtual office hours session by Nov. 18. They are also asked to provide information on the topics they want to discuss with the OCC’s Office of Innovation. The agency said it will determine specific meeting times and arrangements after it receives and accepts the requests.

Office hours are one-on-one meetings with representatives from the agency’s innovation office to discuss financial technology (fintech), new products or services, partnering with a bank or fintech company, or other matters related to responsible innovation in financial services. Each meeting lasts no longer than one hour, the agency said.

OCC to Host Virtual Innovation Office Hours