July 2018

Comptroller's Licensing Manual Supplement: Considering Charter Applications From Financial Technology Companies

This publication is a part of:

Collection: Comptroller’s Licensing Manual

Summary

This Supplement to the Comptroller's Licensing Manual provides detail on how the OCC would evaluate applications for a special purpose national bank charter from fintech companies and clarifies the OCC's expectations that companies with a fintech business model demonstrate a commitment to financial inclusion. It also explains the contingency planning each bank will be expected to undertake. Finally, the document describes the OCC's approach to supervising newly chartered special purpose national banks.