Remove Financial Technology Remove Fintech Remove National Remove New York
article thumbnail

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.

article thumbnail

Uber Creates Uber Money Team In India With FinTech Focus

PYMNTS

In a move that bolsters its financial technology presence in India, Uber has put an Uber Money team into place in Hyderabad. Uber Money teams are also located in Palo Alto, Amsterdam, New York and San Francisco tech centers, Livemint reported. percent business stake per news in January. of India (NPCI).

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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.

Fintech 60
article thumbnail

3 Reasons Why Fintech is Thriving in Atlanta

William Mills

Metro Atlanta has established itself as a major hub for the fintech (financial technology) industry. Here are three reasons why the fintech industry is thriving in Atlanta: Incubators and accelerators. Technology sector talent. So how did we get here in such a short amount of time?

Atlanta 42
article thumbnail

Which Are the Top Three Most Innovative Nations and Why?

Let's Talk Payments

Despite the common perception of North America being the most advanced and innovative financial technology market (thanks to Silicon Valley, New York, Vancouver and Toronto), the latest report on the.

article thumbnail

Report: Data Key To Credit Union Member Retention

PYMNTS

One of the largest factors that sets credit unions (CUs) apart from large banks and FinTech providers is their emphasis on member relations. ABA’s request stems from concerns about rising fraud levels at CUs, as well as New York City’s recent taxi medallion scandal.

Data 122
article thumbnail

Online lending summit speakers discuss SPNB charters, CFPB trial disclosure policy, alternative data

CFPB Monitor

earlier this week, the OCC’s recent decision to accept applications from non-depository financial technology firms for a special purpose national bank (SPNB) charter was the focus of considerable discussion. At the Online Lending Policy Institute’s (OLPI) annual summit in Washington, D.C.