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OCC Establishes a New Office for Financial Technology

WASHINGTON, DC--The office will facilitate “responsible innovation” in financial technology.

By Erika Morphy | Updated on October 28, 2016
OCC headquarters at Constitution Center OCC headquarters at Constitution Center

WASHINGTON, DC–The Office of the Comptroller of the Currency is establishing a new office specifically for financial tech innovation.

The office will be headed by a Chief Innovation Officer assigned to OCC headquarters with staff located in Washington, DC, New York and San Francisco. It will start out serving as a clearinghouse for requests and information on innovation, but regulation or at least guidance is on the agenda too at some point, per the responsible innovation framework [PDF] that the OCC also rolled out with the office’s launch.

For commercial real estate, this new office is more of a “something to watch” development.

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