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ICBA: OCC should pave the way for successful bank-fintech partnerships

5/5/25

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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