The online lender said its national bank will become the "primary originator," displacing the banks that are lenders of record. Loan buyers keep their role.
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Having a trust bank will allow the stablecoin company to offer custody products and to have flexibility in where and how it issues its stablecoins.
2h ago
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The fintech's network lets banks and fintechs share results of KYC and KYB checks, known bad-actor lists and other customer information. A key use case: helping sponsor banks monitor their fintech partners' compliance with banking regulations.
5h ago
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The latest in a new breed of bank competitors is Zaria, a servicer of traditional and digital asset-backed loans for institutions, which has requested a national trust bank charter from the OCC.
7h ago
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Neither company would say how many patents the deal covers, whether either paid the other or whether USAA pressed its claims first.
August 5
