Leading regulatory agencies seek information about AI in financial services
The Office of the Comptroller of the Currency and the Federal Reserve Board are among five federal financial regulatory agencies ...
Tag: OCC
OCC guidance lacking on AI, machine learning
The Office of the Comptroller of the Currency’s guidance to its regulated banks fails to address technologies that rely on ...
OCC to use new data to reach underbanked
The Office of the Comptroller of the Currency wants to use new data sources to determine creditworthiness and give underbanked ...
Citi addresses $400M risk management fine with automation, data
Automation and improved data governance will be two crucial components of Citigroup’s multiyear modernization of the bank’s infrastructure. Less than ...
Weekly Wrap: Sibos takeaways, and the OCC payments charter
Sibos 2020 took place this week in a digital format. During a conference on robotic process automation, industry leaders discussed ...
With payments charter, OCC pushes to streamline banking
The Office of the Comptroller of the Currency is pushing ahead on its plan to get charters into the hands ...
Movers and shakers: Notable August hires in fintech and banking
There were a handful of prominent staffing shuffles in August within the banking and fintech space, as the fallout from ...
A disruptive vision: Varo is officially a bank
After a three-year saga, Varo Money finally has its bank charter. The Office of the Comptroller of the Currency, the ...
Varo, with $241M Series D, plans to become a bank this summer
Varo Money is in the “last leg of the race” in getting a banking charter, according to founder and CEO ...
Varo’s bank charter process a test for consumer banking startups
This week, digital banking startup Varo received approval from the Federal Deposit Insurance Corporation, a significant milestone in the company’s ...
