As fintech companies increase their presence in the banking industry through partnerships and other methods, the financial industry has been home to some mixed reactions.
Federal Deposit Insurance Corp. (FDIC) Chairwoman Jelena McWilliams and Comptroller of the Currency (OCC) Joseph Otting touched on the dynamic between fintechs and banks with Consumer Bankers Association (CBA) President and CEO Richard Hunt during the closing general session at CBA Live 2019.
Find out what the regulators had to say on the topic.