Fintech Online Operations Utah 
PYMNTS
FEBRUARY 6, 2020
In terms of general practice, lenders, including those that operate online, must partner with chartered banks.). She offered a list of other firms engaged in similar practices, such as LoanMart, where auto title loan rates range from 60 percent to 222 percent, and where bank sponsors are based in Utah.
PYMNTS
OCTOBER 17, 2017
All industrial banks are chartered in Utah – and there are only 17 such charters issued, 15 of which are currently active. And while much has been quiet on the ILC front ever since, as of 2017, two big FinTechs made them very visible again: Sofi in June and Square in mid-September. Industrial banks are not subject to BHA.
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PYMNTS
MARCH 19, 2020
Also, Square won a banking license for an industrial bank in Utah. The Federal Deposit Insurance Corporation (FDIC) granted Square a banking license to operate a de novo industrial bank in Salt Lake City. FinTech leader Fiserv has acquired independent software vendor Bypass Mobile, an innovator in the point-of-sale systems arena.
CB Insights
FEBRUARY 13, 2020
As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Specifically, the Collisons aimed to more seamlessly connect online businesses and payment processors, allowing more businesses to accept online payments.
PYMNTS
MARCH 20, 2020
Mall operators like Simon have shuttered malls. The idea of hunkering at home means that at least some economic activity shifts online. Banking, Done Digitally: In more evidence of FinTechs crossing the great divide into traditional banking, Square has gotten the green light from the Federal Deposit insurance Corp.
Fintech Labs Insights
DECEMBER 1, 2021
Two have been acquired by large banks, but they will stay on this list as long as they are operated as an independent brand. Check out our latest lists: SMB online lenders (33) | SMB challenger banks (12) | SMB insurers (15). Leading USA Digital Small Business Charge Cards ranked by FAB score (Fintech Attention Barometer*).
Fintech Labs Insights
DECEMBER 1, 2021
Two have been acquired by large banks, but they will stay on this list as long as they are operated as an independent brand. Check out our latest lists: SMB online lenders (33) | SMB challenger banks (12) | SMB insurers (15). Leading USA Digital Small Business Charge Cards ranked by FAB score (Fintech Attention Barometer*).
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