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Fintech bank announces preliminary OCC approval of national bank charter

CFPB Monitor

announced they have been granted preliminary approval by the OCC of their application to form a de novo national bank, which they claim “put[s] Varo on track to become the first all-mobile national bank in the history of the United States.”. Rather than a SPNB charter, Varo is seeking a full-service national bank charter from the OCC.

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CSBS To Oppose OCC Fintech Charter (Again)

CFPB Monitor

On September 12th, the Conference of State Bank Supervisors (CSBS) announced that it would again pursue litigation in opposition to the OCC’s recent decision to accept applications from non-depository financial technology firms for a special purpose national bank (SPNB) charter. On April 30, 2018, a D.C.

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Talent Crunch Intensifies For Small Businesses, Bank Of America Finds

PYMNTS

The year 2018 was a record year for small business (SMB) optimism in the U.S., The Bank of America Business Advantage “ Fall 2018 Small Business Owner Report ” found continued positivity among the nation’s small businesses, and in their outlook for the months ahead.

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Finovate Spring 2018 – Day 2

William Mills

Welcome to FinovateSpring 2018. There are a number of great events in FinTech but this one I do my best to attend each year. Product distribution strategy: Through financial institutions, through other fintech companies and platforms. Fiserv is one of the top two US FinTech companies focusing mainly on core systems.

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Singapore’s Big Week In Blockchain Progress

PYMNTS

The Asia-Pacific region is a rising star in FinTech innovation, but this week, the blockchain spotlight landed on Singapore as more distributed ledger initiatives from the private and public sectors took major steps forward. The nation’s excitement over distributed ledger technology (DLT) cannot be ignored.

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Brazil’s Big Blockchain Bounce (And Other Digital Payments Advances)

PYMNTS

And while the continual drumbeat of announcements from various players looking to find new and inventive ways to apply distributed ledger technology to various parts of Brazil’s financial services industry has something of a tendency to stand out, digital payments and banking news in general has been coming quick and constant.

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Lessons From The Failed Chatbot Revolution — And 5 Industries Where The Tech Is Making A Comeback

CB Insights

Today, the bots are still being used across industries like fintech, healthcare, sales and CRM, retail, and even law — and they’re having important, though quiet, effects. Fintech: Contract review & bill negotiation. By 2018, news coverage of chatbots was in decline. In January 2018, Facebook closed down M.