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UK-based local payments infrastructure provider PPRO raised over $180 million to invest in payment systems. The funding enables better connectivity for banks and fintechs through local payment method ...

PPRO partnered with Nubank to make NuPay available to merchants and payment service providers globally. The integration gives international businesses access to Nubank's 115 million customers in Brazi...

Shareholders of ConnectOne Bancorp and The First of Long Island Corporation approved their proposed merger, expected to close in Q2 2025. The combination creates a larger community banking platform in...

The OCC granted conditional approval on October 15, 2025, for a de novo national bank charter to Erebor Bank, National Association, headquartered in Columbus, Ohio. The application was submitted by di...

Telcoin received conditional approval from the Nebraska Department of Banking and Finance to become the state's first Digital Asset Depository Institution (DADI). This makes Telcoin the first regulate...

Federal regulators conditionally approved Capital One's acquisition of Discover Bank, while simultaneously penalizing Discover $100 million. This deal combines two major card-issuing banks and has sig...

Varo Money received conditional approval from the Office of the Comptroller of the Currency (OCC) for a national bank charter, making it one of the first mobile-only fintechs to reach this milestone. ...

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 ...

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 custo...

The FDIC approved Industrial Loan Company (ILC) charters for Square Financial Services (Square Bank) and Nelnet Bank, ending a years-long moratorium on new ILC charters. This landmark decision opens t...

The OCC granted conditional approval to Protego Trust Company to convert to a federally-chartered trust bank. Protego, a Seattle-based crypto custody and trading provider, became the second crypto fir...

GXBank, the Grab-led digital bank consortium in Malaysia, completed its operational readiness review and received approval from Bank Negara Malaysia and the Minister of Finance to commence operations....

As of October 2023, the OCC had not approved any de novo bank charter applications from fintech companies since Acting Comptroller Hsu took office. More than half of fintechs that filed since 2017 wit...

New York Community Bancorp's merger with Flagstar Bancorp received shareholder approval on August 4, 2021, with expected close in Q4 2021. The combination creates a larger banking entity with potentia...

The Boost-RHB Digital Bank Consortium received regulatory approval from Bank Negara Malaysia and the Ministry of Finance to commence operations as a digital bank effective January 15, 2024. The consor...

Cross River Bank partnered with Payment Approved to advance the movement of money. The partnership leverages Cross River's payments infrastructure to support Payment Approved's platform. This deal rei...

The OCC issued Conditional Approval 1281 for Summit National Bank (Hulett, Wyoming) to establish a FinTech Division offering traditional banking products to fintech-sourced customers. The approval was...

Savi Financial Corp. received FDIC approval in 2023 for a Washington state-chartered de novo bank called Orca Bank. The company still required Federal Reserve approval and targeted a Q1 2024 opening. ...

PayPal, Square, and Intuit were approved by the SBA as direct lenders under the Paycheck Protection Program (PPP) for coronavirus relief. This marked a significant moment in fintech-bank convergence, ...

SoFi obtained preliminary approval for a national bank charter, bringing the fintech closer to operating as a fully licensed bank. This approval allows SoFi to reduce its reliance on intermediary bank...