🤖 AI in Finance

Core Providers Under Fire: OCC Inquiry Could Reshape Bank Compliance Forever

A bank's core system glitches, spitting out compliance nightmares. Now the OCC is circling, and one consultant says it's time providers paid up.

James Kowalski 📅 Apr 02, 2026 ⏱️ 3 min read 👁️ 1 view

⚡ Key Takeaways

OCC inquiry could force core providers to own compliance failures, shifting liability from banks.
Legacy cores are vulnerable; AI-native alternatives poised for explosive growth.
Banks must audit providers now to avoid fines in the coming regulatory storm.

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Investigative tech reporter focused on AI ethics, regulation, and societal impact.

#OCC inquiry #bank compliance #core provider issues #fintech regulation

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Originally reported by Banking Dive