Bank partnerships are a critical component of the U.S. fintech ecosystem and infrastructure.
The agreements that govern bank-fintech partnerships are nevertheless frequently overlooked simply as a legal formality—a...more
5/22/2023
/ Acquisitions ,
Banks ,
Compliance ,
Due Diligence ,
FinTech ,
Governance Standards ,
Infrastructure ,
Marketing ,
Partnership Agreements ,
Recordkeeping Requirements ,
Risk Management ,
Technology Sector
GLI – FinTech 2022 is a U.K.-based online guide to key FinTech developments across the globe. Each chapter covers approaches and developments, FinTech offerings, related technology, regulatory bodies, key regulations and...more
In July, we discussed the federal banking agencies' proposal to harmonize their respective risk management guidance. At the time, we highlighted three passages from the proposal that relate to the due diligence banking...more
Our team is pleased to announce an important publication on FinTech developments and regulation in the United States. Authored by Andrew Lorentz and Thomas Kost—and drawing on contributions from many DWT colleagues—the...more
Last week, the federal banking agencies—Federal Reserve Board (Board), Office of the Comptroller of the Currency (OCC), and the Federal Deposit Insurance Corporation (FDIC)—issued proposed interagency guidance ("Proposal") on...more
On Thursday, November 8, DWT FinTech team co-leader Andy Lorentz took part in the Commerce.Innovated Class 8 Demo Day in New York City. Andy led a discussion on legal developments in FinTech, with a focus on federal...more
Arizona’s Fintech Sandbox -
Last month Arizona became the first U.S. state to enact a law allowing for the establishment of a fintech regulatory sandbox program (H.B. 2434) to facilitate the growth of innovative financial...more
On March 15, 2017, the Office of the Comptroller of the Currency issued a “Draft Supplement” to the Comptroller’s Licensing Manual, entitled “Evaluating Charter Applications from Financial Technology Companies” (Supplement)....more
Since Comptroller of the Currency Thomas J. Curry announced last December that the OCC will move forward to consider granting special purpose national bank charters to financial technology companies—under the OCC’s existing...more
On December 2, 2016, Comptroller of the Currency Thomas J. Curry announced that the OCC will move forward with considering granting federal charters—under the OCC’s existing authorities—to financial technology companies. ...more