Varo Money Announces Preliminary Approval for OCC Charter
The digital banking service Varo Money announced last night it had received preliminary approval for a national banking charter from the...
Risk & Security
Financial Services Has More Blockchain Projects Than Any Sector, PwC Says
When it comes to blockchain, the financial services sector has more distributed ledger projects than any other industry. A new...
Consumers Have High Expectations of Their Digital Banking Apps
Consumers want banks to do more than just hold their money. They want their banks to help them meet their...
How Comerica Maps Its Innovation Plans
“Is it customer-centric? Is it an efficient way? Are we creating value?” These are the three questions Comerica Inc’s EVP...
No Applications Received for ‘Fintech Charter,’ OCC Says
It was a big day for fintech, pundits said on July 31, the day the Treasury Department released its fintech report,...
Facebook Asks Banks to Share Customer Data
Facebook has entered discussions with major U.S. banks in an attempt to gain access to customer data, the Wall Street Journal reports....
Roboadvisor Betterment Will Not Apply for a Bank Charter, CEO Says
Roboadvisor Betterment is not interested in having its own national bank charter, Bank Innovation has learned. Last week, alongside the...
Square, Stripe Flex Their Innovation Muscles with New Offerings
Square and Stripe, famous for their dongles and APIs respectively, have launched a series of products over the past two...
Banks Lag Behind Tech Giants in Fintech Patent Race
Many large banks describe themselves as equal parts technology firms as they are financial services companies, but then shouldn’t they...
Does a Bank Charter for Square Still Make Sense? CEO Jack Dorsey Thinks So
POS payments provider Square is still interested in pursuing a bank charter, but how? It may be more challenging given...
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