Outreach & Technical Assistance
- Establishes ongoing dialogue with banks, nonbanks (including financial technology (fintech) companies), and other stakeholders
- Provides technical assistance to banks and nonbanks
- Promotes awareness and understanding of OCC positions and expectations
Awareness & Training
- Fosters OCC staff awareness of responsible innovation and emerging trends
- Improves training and enhances the skills of examiners and other OCC staff
- Develops processes to build and leverage OCC experience and expertise
Coordination & Facilitation
- Implements a process to streamline and coordinate innovation-related decisions to ensure transparent and timely responses to inquiries
- Creates a process for OCC participation in bank-run pilots
Research
- Assesses continuously the landscape and trends in financial innovation
- Uses research and ongoing stakeholder dialogue to inform OCC policy, supervision, and analysis
Interagency Collaboration
- Uses existing communication channels to share information and collaborate with domestic and international regulators