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Revolut Likely To Apply For US Bank Charter

PYMNTS

European digital bank Revolut , the continent's largest such institution with 13 million users, is close to applying for a U.S. digital banking license, according to a report by CNBC. The nature of the market for FinTech startups breaking into the larger U.S.

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Transactions: Cache Valley Bank selects Finastra for core and digital banking

BankInovation

Cache Valley Bank has selected fintech Finastra for its core banking and digital banking offerings. Cache Valley Bank has […]

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Bitcoin Daily: SEC Freezes Crypto Firm?s Assets, Alleging It Stole $12M From Investors; Hong Kong: 39 Pct Of New FinTechs There Are Blockchain Firms; Coinbase Eyes Selling Blockchain Analytics To IRS, DEA

PYMNTS

The defendant in the case is Utah resident Daniel F. Rodriguez of Utah and Jean Paul Ramirez Rico of Colombia — are alleged to have lied to investors and misappropriated funds. In Hong Kong, 39 percent of new FinTech firms launched in the last year are now operating via blockchain, Cointelgraph reported.

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Here is The Math Behind the High-Yield Account

South State Correspondent

” This banker may even be thinking of starting a completely new digital bank using a high-yield account as its flagship product. Customers rarely walk into your branch or through digital doors, ready to move the business to you. This is another often overlooked tactic and can serve banks well to drive deposit balances.

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Top 34 Digital Lenders to U.S. Small Businesses (SMB) (July 2024)

Fintech Labs Insights

What you’ll need to qualify: 6+ months time in business | 500+ credit score | $15K minimum monthly bank deposits | 3 most recent months’ business bank statements Get Started NEW : Looking for digital banks, lenders, payment providers, insurance or digital accounting for small businesses?

Atlanta 29
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Top 18 Online Digital Corporate Credit Cards for Small Businesses (Oct 2024)

Fintech Labs Insights

Get Started Founded: 2016 | HQ: Utah | Funding: $418M Below is a list of the 17 challenger business credit cards currently active in the United States. NEW : Looking for digital banks, lenders, payment providers, insurance or digital accounting for small businesses? 394 reviews, up 3 since July) 3.

Cards 29
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Will Embedded Finance (BaaS) Cause a Thousand Small Business (SMB) Banks to Bloom?

Fintech Labs Insights

Now that the pandemic appears to be relatively under control, fintech founders are more likely to create new businesses focusing on the SMB opportunity. Banking-as-a-Service (and fintech-as-a-service) providers have proliferated in the past 5 years, making it much easier to start a neo/challenger bank. Founded: 2022.

Utah 15