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Varo Achieves Milestone AsĀ First Consumer FinTech To Get National Charter

PYMNTS

Colin Walsh got lots of laughs five years ago when he talked of his intention to launch a financial technology (FinTech) startup. On Friday (July 31), the Office of the Comptroller of the Currency (OCC) announced Varo Bank has been granted its full-service national bank charter. OCC is an independent bureau of the U.S.

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Where In the World Is Fintech Innovation?

Bank Innovation

Even in fintech. It turns out nations beyond America today are increasingly generating more significant financial technology innovation, especially in artificial intelligence. Location matters. Canada is an example.

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Cambodia, Singapore In X-Border FinTech Pact

PYMNTS

Cross-border FinTech efforts have seen increasing participation from central banks and monetary authorities. The MOU dictates that the banks will train FinTech startups with an eye on cross-border transactions. The Fed And FinTech Firms. As reported, Singapore has been working on other cross-border initiatives as well.

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Young Consumers Love to ā€œBuy Now, Pay Laterā€ ā€“ Hereā€™s What to Know About the Explosive Fintech Trend

Perficient

Here are critical facts to know about some of the most popular BNPL service platforms: Afterpay: Afterpay was founded in Australia in 2014 but was acquired by fintech Square earlier this year. Fintech enthusiasts should also keep a close watch on Appleā€™s newly unveiled BNPL system, Apple Pay Later.

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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 ā€œput[s] Varo on track to become the first all-mobile national bank in the history of the United States.ā€. Rather than a SPNB charter, Varo is seeking a full-service national bank charter from the OCC.

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SoftBank Earmarks $1B For eCommerce, Healthcare And FinTech In LatAm

PYMNTS

Its investment in Latin America this year will target eCommerce, healthcare, FinTech and other industries, as it looks at about 650 firms in the region. Freire added that Argentina, Brazil, Chile, Colombia and Mexico ā€œare in the spotlight,ā€ and thereā€™s no ā€œpreset amount by nation.ā€. billion, Bloomberg reported on Friday (Feb.

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Mastercard Leads Investment In Mobile FinTech Mobeewave

PYMNTS

ā€œThis is a major market validation of our payment acceptance platform, and highlights Mobeewave as an industry leader in the FinTech space.ā€. The Mobeewave platform is now available in Australia, Canada and Poland through partnerships with Commonwealth Bank, National Bank, and Polskie ePlatnosci (PeP), all in collaboration with Mastercard.

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