Says need exists to streamline due-diligence rules for relationships with third-party technology service providers.
>> Read ICBA news release
>> See related Financial Times story
BRUSSELS, 6 June 2016 – WSBI's U.S. member The Independent Community Bankers of America (ICBA) agrees with the Office of the Comptroller of the Currency’s support for “responsible innovation” in the financial technology sector, ICBA wrote in a comment letter last week to the U.S. agency. But greater regulatory flexibility for community banks is needed to ensure traditional banks and FinTech companies operate on a level playing field, ICBA told the OCC.
>> See the ICBA news release
>> See story that appeared in today's Financial Times