On July 31, 2018, the OCC released the Comptroller’s Licensing Manual Supplement, Considering Charter Applications From Financial Technology Companies. The Supplement provides detail on how the OCC would evaluate applications for a special purpose charter from financial technology (fintech) companies, and discusses key considerations including, governance, risk management, capital, liquidity, financial inclusion and contingency planning. The document also describes the OCC’s approach to supervising newly chartered special purpose national banks.
Please see the Supplement for details around starting the application process. Should you have any questions regarding the process, please e-mail the Office of Innovation.