Bank Innovation
FEBRUARY 14, 2020
In this episode, editors discuss the following news developments: The implications of banking startup Varo’s FDIC approval; How U.K. Welcome to the latest episode of our Weekly Wrap series, for the week ending Friday, Feb. card startup Curve opened a New York City office in advance of its U.S. launch; and Wells Fargo’s […].
Bank Innovation
FEBRUARY 12, 2020
As of January, there were 3,989 in-store branches of FDIC-insured institutions housed within retail stores, a decrease of 2.3% In-store branches are satellite bank branches located inside large retail spaces, such as supermarkets or chains like Walmart and Safeway. since June 30, 2019, and 6.5%
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BankInovation
OCTOBER 1, 2020
The Federal Deposit Insurance Corporation (FDIC) has taken steps to promote fintech partnerships and diversity and inclusion within the financial services industry, both internally at the FDIC and among the institutions it regulates, FDIC Chairwoman Jelena McWilliams said during the LendIt Fintech USA 2020 conference Wednesday.
Bank Innovation
JULY 24, 2019
The New York-based company this week rolled out two new products: a savings account, which is available now, with a market-leading 2.69% APY and that’s FDIC-insured […].
Bank Innovation
JULY 24, 2019
The New York-based company this week rolled out two new products: a savings account, which is available now, with a market-leading 2.69% APY and that’s FDIC-insured […].
BankInovation
OCTOBER 1, 2020
The Federal Deposit Insurance Corporation (FDIC) has taken steps to promote fintech partnerships and diversity and inclusion within the financial services industry, both internally at the FDIC and among the institutions it regulates, FDIC Chairwoman Jelena McWilliams said during the LendIt Fintech USA 2020 conference Wednesday.
BankInovation
JUNE 3, 2020
We have the FDIC approval, and we’re going through the final examination […]. Varo Money is in the “last leg of the race” in getting a banking charter, according to founder and CEO Colin Walsh. The mobile banking startup announced a $241 million Series D today and expects to have a bank charter sometime this summer. “We
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