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Why One Startup Is Desperately Seeking Regulation

PYMNTS

Officials at the Office of the Comptroller of the Currency (OCC), the national bank regulator, told the Boston startup they would weigh its request. The OCC offers few limited-purpose charters, mostly for trust companies or credit card issuers. In the last 10 years, it has issued eight such charters.

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Happy Birthday To PYMNTS

PYMNTS

The traditional gift for a ninth anniversary is pottery, and our offices are in Boston – but, you know, no pressure.). and was followed by the great cybercriminal migration to the web and card-not-present transactions. I’ve watched the credit card industry almost from the beginning, and we got in early. True in 2009.

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2021 GonzoBanker Awards

Gonzobanker

million gets the vaunted consumer lender a much-prized bank charter, low-cost deposits to juice current earnings, and a business lending capability to drive future growth. Rex Johnson, Baxter Credit Union founder and former CEO – Rex was a legend in the credit union industry who will always be remembered as the “Yoda” of lending.

Fintech 143
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Fintech Fundings: 24 Companies Raise $560 Million Week Ending Jan 8

Fintech Labs Insights

HQ: Boston, Massachusetts. Lendful Financial. Bitcoin mining hardware. Consumer lending software for financial institutions. Tags: Consumer, credit, lending, loans, underwriting, enterprise, Finovate alum. Total raised: $319.7 million ($44.7 million Equity, $275 million Debt). HQ: New York City. Source: Crunchbase.

Company 12
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Fintech Fundings: 28 Companies Raise $220 Million Week Ending March 25

Fintech Labs Insights

Three Finovate alums brought in new cash: Kreditech raised $11 million for its banking and lending services for the underbanked. Here are the fintech deals by size from 19 March to 25 March 2016: Open Lending. Automated lending solutions for financial institutions. Automated lending solutions for financial institutions.

Company 12
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Fintech Fundings: 29 Companies Raise $1.2 Billion Week Ending April 8

Fintech Labs Insights

Ixaris landed $6 million for its prepaid card platform. P2P lending platform. Prepaid card payments platform. HQ: Boston, Massechuesetts. Tags:Consumer, merchants, payments, POS, acquiring, debit/credit cards, mobile. Tags:Consumer, merchants, payments, POS, acquiring, debit/credit cards, mobile.

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Fintech Fundings: 22 Companies Raise $300 Million Plus 2 IPOs Raise $5.9 Billion

Fintech Labs Insights

Gift cards backed with public company equity. Fingerprint-authenticated payment card. HQ: Boston, Massecheusetts. Bitcoin compliance solutions. Card rewards management. Tags: Consumer, blockchain, crypto-currency, bitcoin. Total raised: $600 million. Source: Finovate. HQ: Palo Alto, California. Scorechain.