Melinda Lucy (formerly Huspen) covers financial technology for American Banker and is based in New York, NY. Previously, she was a business reporting intern with Digital Insurance via the Dow Jones News Fund. She is a graduate of Fordham University with a major in communications/journalism and a minor in business.
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The federal agency has denied the Dutch neobank's de novo bank charter application, citing "significant supervisory and compliance concerns."
August 7 -
The core provider is conducting a review of its offerings after a 21% decrease in earnings per share and a drop in revenue from its core banking sector.
August 7 -
Augustus National Bank, which is working to fulfill the conditions for its de novo OCC charter, was approved for federal deposit insurance by the FDIC.
August 7 -
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.
August 5 -
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.
August 5 -
Fintech founder Randy Fernando launched his latest startup, an AI-focused software provider for banks called Maximum, with $30 million in seed funding.
August 3 -
The neobank is the latest fintech to file a de novo trust bank charter application ahead of the GENIUS Act formally taking effect.
August 3 -
"Increase Bank is the bank I needed at Stripe," CEO Darragh Buckley said as he announced the rebrand of a community bank he acquired last year.
July 31 -
The lender reported a 40% increase in net revenue, but operating expenses and an uncertain interest rate environment held it back from increasing outlooks.
July 29 -
The technology giant's patents, which were built for banks and credit unions, will enhance the USDC issuer's intellectual property as more banks enter the stablecoin market.
July 29 -
The parent company behind Flex Rent submitted applications to state and federal regulators for an industrial loan charter and deposit insurance.
July 27 -
The OCC conditionally approved the lender's de novo application. Upstart Bank's proposed CEO spoke with American Banker about the review process.
July 24 -
Kalshi's Head of Enforcement Robert DeNault and former CFPB acting Director Mick Mulvaney shared opposing views on the controversial sites at a CFR event.
July 24 -
The company, which has conditional approval for a bank charter, hit a $1 billion valuation with fintech exec backing from firms such as Nubank and Revolut.
July 23 -
The neobank fintech built investing services into its mobile banking app as it anticipates the potential of rollovers from newly-opened Trump Accounts.
July 21 -
The customer-sourced investment will continue to support the digital banking provider's AI and digital loan origination initiatives.
July 17 -
The deal is the latest in a series of acquisitions by bank core provider CSI, which is further expanding its offerings for regional and community banks.
July 15 -
The company plans to use the funding to expand its global banking services, including using stablecoins for cross-border payments.
July 14 -
The New Jersey bank has attributed a 60% reduction in document-related task time over the past three months to an AI agent from fintech provider nCino.
July 14 -
The stablecoin issuer has received final approval from the federal agency to open a trust bank division for custody of digital assets.
July 10
