The Office of the Comptroller of the Currency has made its decision; it is now “up to the fintechs” to gather and submit applications for a banking license, an OCC spokesman told Bank Innovation.
In his announcement Friday, Thomas Curry, Comptroller of the Currency said that the OCC will begin “considering” applications to grant banking licenses to fintech firms. Applying for a license will not be a requirement, but rather a choice, Curry clarified in his remarks at the University of Georgetown on Friday.
