OCC Highlights Fintech Innovation Risks for Banks in Semiannual Report

The Office of the Comptroller of the Currency (OCC) has cited fintech as a risk for traditional banks in its “Semiannual Risk Perspective for Fall 2016”; the semiannual OCC report discusses risks for national banks and federal savings associations with data through June 30, 2016; says strategic planning is important for banking innovation and that banks who do not innovate to meet evolving needs may be at a competitive disadvantage.  Source

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