OCC Solicits Research on FinTech Implications in Banking

On July 25, 2022, the OCC announced that it is soliciting academic-and policy-focused research on the impact of financial technology (fintech) entities and nonbanks on banking and the markets for lending, deposit-taking, and payment services through August 21, 2022. Submissions related to the impacts of competition and challenges for community banks are especially encouraged.

Other areas of interest include but are not limited to:

  • Segmentation within and across markets for lending, deposit-taking, and payment services;

  • Financial technology adoption by banks and opportunities for financial inclusion;

  • Entry by fintech and nonbank entities and fair access to financial services;

  • Technology adoption by community banks;

  • Partnerships and contracting between fintech and nonbank entities and banks;

  • Vulnerability of non-deposit funding sources; and

  • Risks of new payment models, including illicit activity, misappropriation, and security.

The OCC will invite authors of selected papers to present to OCC staff and invited guests and these presentations will serve as a platform for interested academic, regulatory, and other experts to discuss research that explores how the banking system, and community banks in particular, leverage technology and respond to the growth of new providers of banking services. 

Interested parties are invited to submit papers to EconFINTECHSymposium@occ.treas.gov.

Read the OCC’s announcement here.

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