Fed launches fintech innovation program

The Federal Reserve Board announced a new initiative – a series of fintech innovation office hours – to hear from financial institutions and financial technology companies on issues involving fintech.

In addition, the board launched a dedicated section of its website focused on fintech innovation meant to serve as a “central hub” of information for stakeholders interested in learning about and engaging with the board on matters related to innovation.

The section also features the latest Federal Reserve Consumer Compliance Supervision Bulletin, summarizing supervisory observations regarding fintech and practical steps for institutions to consider.

According to the release, the fintech innovation office hours sessions will be co-hosted with Reserve Banks across the country. Attendees will have the opportunity to meet on-on-one with Fed staff members and ask questions. Those interested may sign up via the Federal Reserve website.

 

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