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,...
Risk & Security
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...
Shape the Future of Financial Services: Modernize Information Systems
The reality for many financial services organizations is that modernizing information systems is a project that is often desperately needed...
Why the OCC’s Fintech Charter Makes Sense [Page 2]
Second, it would provide helpful and necessary regulatory scrutiny. The creation of national standards and safeguards – at the heart...
With 1.5 Million Customers, Marcus Remains Focused on High-FICO Borrowers
Marcus, the retail arm of Goldman Sachs, is growing at steady pace with 1.5 million customers in its second quarter,...
The Future Is Not Bright For Most Angel-Stage Fintech Startups
Most fintech startups don’t survive. The landscape of payments, lending, artificial intelligence might seem bustling thanks to all the industry...
