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On June 23, 2016, the Office of the Comptroller of the Currency (OCC) held a forum to discuss responsible innovation in the federal banking system. The forum sought input and included participants from the banking industry, financial technology companies, academia, and community and consumer groups.
The following are videos of that forum.
Introduction by Amy Friend, Former Senior Deputy Comptroller and Chief Counsel
Remarks by Thomas J. Curry, Former Comptroller of the Currency
Innovation in the financial services industry is changing how services are delivered, products are offered, and markets operate. Hear from panelists about how the industry is responding to rapid change and where such change may lead.
National banks, federal savings associations, and fintech firms are seizing opportunities and meeting challenges of today's financial services landscape in different ways. Hear from panelists about how their companies are participating in responsible innovation, by incorporating it into strategic plans and adopting appropriate risk management and governance processes.
Demographic changes are influencing consumer needs and expectations. Innovation is also offering opportunities to reach underserved consumers and communities. Hear from panelists about how responsible innovation can meet these evolving, as well as long standing, consumer needs and broaden financial access.
OCC's experts will discuss the OCC's vision for responsible innovation, and the principles that will guide the development of the OCC's framework. Panelists will identify themes from the comments the agency received on its white paper and address ideas from the forum.
Amy Friend, Former Senior Deputy Comptroller and Chief Counsel