OCC seeks input on community bank digitalization

The Office of the Comptroller of the Currency (OCC) issued a request for information (RFI) seeking input on the challenges and barriers community banks face in adopting and implementing digital banking solutions.

The RFI states, “New and emerging technologies can be important tools for community banks to meet customer demand, increase revenue, improve efficiencies, and remain competitive. The OCC supports the strengthening and modernization of community banks and aims to facilitate community banks’ safe, sound, and fair transition to digital banking, including with regard to arrangements with technology providers and supporting a level playing field.”

Feedback can be submitted to the RFI 45 days after publication in the Federal Register.