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OCC’s new Office of Financial Technology has a director and an opening date

The United States Office of the Comptroller of the Currency (OCC) officially announced the establishment of its Office of Financial Technology on March 30. The new office will broaden the OCC’s technology focus and help it stay abreast of the rapid developments in the banking industry, it said.The…

Ripple CEO assures ‘strong financial position’ despite SVB collapse

Ripple CEO Brad Garlinghouse took to Twitter on Mar. 12 to discuss the company’s exposure to Silicon Valley Bank (SVB) and reassure his followers of Ripple's stability. Ripple had exposure to SVB, Garlinghouse said, but “we expect NO disruption to our day-to-day business, and already held a majorit…

Americans 'frustrated' by financial system inequality, 20% own crypto: Survey

A whopping 80% of American adults believe the financial system favors those with “powerful interests,” while 20% currently own cryptocurrency — a new survey has revealed.Commissioned by crypto exchange Coinbase, the February online survey of more than 2,000 American adults found that 80% of respond…

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