OCC Establishes Workplace of Economic Technologies

The Workplace of the Comptroller of the Currency (OCC) announced the establishment of its Workplace of Economic Technologies and the choice of Prashant Bhardwaj to lead the workplace as Deputy Comptroller and Chief Economic Technologies Officer, powerful April ten, 2023.

In October 2022, the OCC announced that it would expand upon its Workplace of Innovation and establish an Workplace of Economic Technologies in early 2023 to bolster the agency’s knowledge and potential to adapt to the speedy pace of technological alterations in the banking market. The Workplace of Economic Technologies broadens the OCC’s concentrate in this region and guarantees the agency’s leadership and agility in supplying higher-high quality supervision of bank-fintech partnerships. It additional enhances the agency’s information and knowledge of economic technologies platforms and applications in help of the OCC’s mission.

The @USOCC announces the establishment of its Workplace of Economic Technologies. Study extra at https://t.co/P57FSe4mp2 pic.twitter.com/wgdzmA2GX1

— OCC (@USOCC) March 30, 2023

In his part as Deputy Comptroller and Chief Economic Technologies Officer, Mr. Bhardwaj will lead the group accountable for evaluation, evaluation, and discussion of relevant trends in economic technologies, emerging and prospective dangers, and the prospective implications for OCC supervision. The Workplace will improve the OCC’s knowledge on matters concerning digital assets, fintech partnerships, and other altering technologies and enterprise models inside and that impact OCC-supervised banks.

Mr. Bhardwaj joins the agency just after almost 30 years of encounter serving in a selection of roles across the economic sector.

He holds a master’s degree in accounting from University of Cincinnati and a master’s degree in enterprise administration from the International Management Institute Universiade de Brussels.

Supply: OCC


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