US regulator the Workplace of the Comptroller of the Forex (OCC) is organising a monetary expertise unit to assist it sustain with the “quickly altering banking panorama”.
The brand new workplace can be led by an as but unnamed chief monetary expertise officer, who can be a deputy comptroller reporting to the senior deputy comptroller for financial institution supervision coverage.
Performing Comptroller of the Forex Michael Hsu says: “Monetary expertise is altering quickly and bank-fintech partnerships are more likely to proceed rising in quantity and complexity.
“To make sure that the federal banking system is protected, sound, and honest at present and nicely into the longer term, we have to have a deep understanding of monetary expertise and the monetary expertise panorama.”