The most meaningful event in the fintech world: the Comptroller of the Currency announced recently that the OCC will begin “considering” applications to grant banking licenses to fintech firms. This move will give larger tech firms more freedom to develop and deploy financial products. Fintechs that obtain the license will also be less dependent on their banking partners (mostly) for compliance issues.
But, above all, the OCC’s decision could almost entirely blur the lines between tech firms, fintechs and financial institutions. So before that happens, Bank Innovation compiled its annual top 10 Most Innovative CEOs in Banking list. Read more: bankinnovation.net
