Search Results for "Nationwide"
13 results for "Nationwide"
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Coinbase Receives Conditional OCC Approval for National Trust Bank Charter
The OCC granted Coinbase conditional approval for a national trust bank charter on April 2, 2026. The entity, Coinbase National Trust Company, will operate as a federally regulated digital asset custodian headquartered in New York. Coinbase must meet preopening conditions including compliance systems and AML controls before receiving final approval. The federal charter replaces a patchwork of state licenses, enabling nationwide operations under a single regulatory framework.
Five UK Banks Pilot Bank Accounts for Homeless Without Fixed Address
Lloyds, NatWest, Barclays, Nationwide, and Santander partnered with charity Shelter to pilot bank accounts for homeless individuals, waiving fixed address requirements. The initiative is part of the UK's Financial Inclusion Strategy. It demonstrates embedded finance principles applied to underserved populations.
SmartBiz Loans Completes Acquisition of Centrust Bank With OCC Approval
SmartBiz Loans, a fintech small business lending marketplace, completed its acquisition of United Community Bancshares and its subsidiary Centrust Bank (now renamed SmartBiz Bank). The deal, approved by the OCC and Federal Reserve, involved a bank with $148 million in assets. This rare fintech acquisition of a bank charter positions SmartBiz to expand into nationwide small business lending and planned national deposit products.
Medallion Bank Partners With Kashable to Originate Personal Loans
Medallion Bank announced a strategic fintech partnership with Kashable to originate personal loans and expand financial wellness services. The collaboration integrates with HRIS and payroll systems for automated repayments. Kashable leverages Medallion Bank's lending expertise and nationwide footprint to serve working Americans beyond traditional credit scores.
First Northwest Bancorp Partners with Splash Financial for Consumer Lending
First Northwest Bancorp (FNWB), through subsidiary First Fed Bank, partnered with digital lending platform Splash Financial to deploy consumer loan products nationwide. The partnership combines community banking expertise with Splash's automated underwriting platform, enabling borrowers to compare financial products across a network of lenders.
Paxos and BitPay File OCC National Trust Bank Charter Applications
Crypto firms Paxos and BitPay filed applications with the OCC for national trust bank charters on December 9 and December 8, 2020 respectively. The filings reflect growing fintech interest in obtaining federal bank charters to operate nationwide without state-by-state licensing. Approvals came later—Paxos received conditional approval in April 2021.
Varo Money Becomes First U.S. Consumer Fintech to Win National Bank Charter
Varo Money received full approval from the OCC, FDIC, and Federal Reserve on July 31, 2020, becoming the first consumer fintech in U.S. history to obtain a national bank charter. This allowed Varo to launch Varo Bank, N.A. on August 1, 2020, offering FDIC-insured banking services nationwide. The milestone marked a major shift in the competitive landscape between fintechs and traditional banks.
BlueVine Raises $102.5M Series F to Expand Small Business Banking
BlueVine, a fintech offering small business lending and BaaS-like checking accounts, raised $102.5 million in a Series F round led by ION Crossover Partners. The funding will be used to scale its business checking account launched in October 2019 and expand its integrated banking and financing platform. The round brought BlueVine's total funding to $692 million including debt.
Evolve Bank & Trust Partners with i2c for Next-Gen Payments Processing
Evolve Bank & Trust partnered with i2c to leverage its cloud-based payments processing platform. The deal enables Evolve to offer customizable credit, debit, prepaid, and DDA products to its fintech clients. This strengthened Evolve's position as a leading BaaS bank serving fintechs nationwide.
T-Mobile Money Launches Nationwide Powered by BankMobile BaaS Platform
T-Mobile launched T-Mobile Money, a no-fee mobile checking account, powered by BankMobile's Banking-as-a-Service white-label platform from Customers Bank. The product embeds full banking services into T-Mobile's mobile ecosystem. This represents one of the earliest high-profile BaaS-enabled embedded banking programs from a major non-financial brand.
Nationwide Building Society Banks on AWS for Cloud-Based Digital Revamp
Nationwide Building Society began re-platforming its digital banking and mortgage services onto a core cloud-based platform using AWS and DevOps practices. Initial workloads including mortgage switchers were already live. The project aimed to modernize the building society's infrastructure with broader migration planned over 6-12 months.
OCC Moves to Grant National Bank Charters to Fintech Companies
The U.S. Office of the Comptroller of the Currency decided to grant special purpose national bank charters to fintech companies, enabling them to operate nationwide. The decision faced immediate legal challenges from state banking regulators who argued the OCC exceeded its statutory authority. This represented a landmark moment for the BaaS and embedded finance landscape in the United States.
Accenture FinTech Innovation Lab London Launches Sixth Cohort with 32 Bank Sponsors
Accenture launched the sixth cohort of its FinTech Innovation Lab London on January 2, 2018, pairing 20 shortlisted fintech startups—including a dedicated RegTech stream—with executives from over 32 major financial institutions. Sponsor banks included Citi, Goldman Sachs, HSBC, JPMC, Lloyds, Morgan Stanley, Santander, UBS, and others. The program focuses on solutions for PSD2, GDPR, MiFID II compliance, fraud detection, and blockchain security.