N/A — OCC internal reorganization

In early 2023, the Office of the Comptroller of the Currency announced the creation of a dedicated Office of Financial Technology. The new office is designed to bolster the OCC's expertise in overseeing digital assets, fintech partnerships, and novel business models that increasingly affect nationally chartered banks. This organizational change signals heightened regulatory attention to bank-fintech arrangements, including Banking-as-a-Service models. The move is expected to lead to more informed and potentially more rigorous supervision of banks engaged in fintech partnerships.

Verified from source: The OCC announced the establishment of its Office of Financial Technology to bolster the agency's expertise on digital assets, fintech partnerships, and emerging business models affecting OCC-supervised banks, with Prashant Bhardwaj selected as Deputy Comptroller and Chief Financial Technology Officer effective April 10, 2023.