The Office of the Comptroller of the Currency (OCC) issues a request for information to understand barriers in digital banking adoption for community banks.
Highlights:
- Regulatory Initiative: The OCC has launched a request for information (RFI) to identify challenges community banks face in adopting digital banking solutions.
- Modernisation Efforts: The agency aims to support community banks in transitioning to digital banking while ensuring compliance and fair competition.
- Industry Feedback: The RFI will help the OCC shape policies that facilitate digital transformation and improve financial services for local communities.
Summary:
The Office of the Comptroller of the Currency (OCC) has issued a request for information (RFI) to better understand the obstacles community banks encounter in adopting digital banking solutions. The initiative seeks to modernise banking operations while maintaining regulatory compliance and fair competition.
By gathering industry feedback, the OCC aims to develop policies that support community banks in leveraging technology to enhance customer experience and operational efficiency.
