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Varo Achieves Milestone As First Consumer FinTech To Get National Charter

PYMNTS

Department of the Treasury that charters and regulates financial institutions. Varo Bank’s opening … represents the evolution of banking and a new generation of banks that are born from innovation and built on technology intended to empower consumers and businesses,” said Brian Brooks, OCC’s acting comptroller in a statement.

National 172
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Ohio Lottery Makes A New Bet on Mobile

PYMNTS

But playing and delivery methods keep changing, with Ohio of all places — no offense to the Buckeye State, home to multiple presidents and the Wright Brothers’ aerodynamic innovations — accounting for some of the latest developments. In Connecticut, for example, you cannot buy tickets with a credit card.

Ohio 103
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Strategic Insight Buys BrightScope for Reported $35+ Million

Fintech Labs Insights

.” Commenting on the news, Strategic Insight CEO Joel Mandelbaum said, “BrightScope is well known for its unique retirement data and its technology innovation. We are excited by the opportunity to add retirement data to our portfolio and accelerate our commitment to the asset management industry.” Germany, and Canada.

Report 12
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What Shiny New Life Insurance Startups Can Learn From My Mistakes

Tech and Finance

Entrepreneurs resolved to tackle financial services, and life insurance specifically, need to be prepared for a different way of doing things and for the challenges that come with highly regulated industries. If you are truly doing something new, regulation will be a challenge. Everything in life insurance is subject to regulation.

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Bridging Banking Gaps For Cannabis Companies

PYMNTS

Nowhere does that ring truer than in the nascent and growing legal cannabis industry, where billions of dollars flow the old-fashioned way — hand to hand, because of the clash between federal and state regulations over its legality. Manual processes means management of these programs is fundamentally onerous and time-consuming.

Company 170