The Fintech Times

JANUARY 20, 2025

The new proposal will allegedly strengthen FDIC-insured depository institutions’ (IDI) recordkeeping for custodial deposit accounts with transactional features. It would also preserve beneficial owners’ and depositors’ entitlement to the protections afforded by Federal deposit insurance.

FDIC 104

FDIC Regulations Innovation FinTech 104

PYMNTS

MARCH 19, 2020

The Federal Deposit Insurance Corporation ( FDIC ) gave the green light to an application from the FinTech firm Square to create a de novo industrial bank in Utah, the agency said on Wednesday (March 18). The Utah Department of Financial Institutions still has to issues approvals to the San Francisco-based FinTech. Square, Inc.

FDIC 110

FDIC Deposit Account Underserved Small Business 110

Fintech News

JUNE 5, 2024

ANEXT Bank continues to focus on serving the underserved MSMEs. As of the end of May, 69% of its customers are micro businesses, with 56% of loan customers and 80% of deposit customers falling into this category. These FBOs hail from 78 different nationalities, including mainland China, Indonesia, Japan, Malaysia, and South Korea.

Micro-Entry 111

Micro-Entry SARS Multi-Currency Cross-Border 111

The Fintech Times

APRIL 24, 2024

This includes deposit accounts and tools to automate bill payments. OakNorth specialises in supporting ambitious entrepreneurs and businesses that are underserved by traditional banks. The post OakNorth and Marqeta Join Forces to Tackle £22billion SME Funding Gap in UK appeared first on The Fintech Times.

Debit Card 59

Debit Card Deposit Account Underserved Facilitators 59

Fintech Finance

APRIL 24, 2024

By partnering with Marqeta, OakNorth will provide its small and medium-sized business customers the services typically only available to commercial banking customers, including deposit accounts and tools to automate bill payments, helping them plan for rising costs and thrive amid economic uncertainty.

Commercial Card 52

Commercial Card Embedded Finance Underserved Deposit Account 52

PYMNTS

MARCH 12, 2019

Commercial Banking announced a partnership with FinTech Neptune Financial (NepFin). Both HSBC and NepFin are embracing the needs of a, thus far, underserved market — and the partnership has crystalized quickly. Data helps lenders make the best risk-adjusted lending decisions. To that end, late last month, HSBC U.S.

Underwriting 40

Underwriting Deposit Account Underserved Adjustments 40

The Fintech Times

APRIL 5, 2025

Highlighting the important role that bank-fintech partnerships play in improving access to financial services, the American Fintech Council (AFC), the trade association representing fintech companies and banks, has submitted a letter in response.

Community Banks 59

Community Banks Deposit Account Underserved BNPL 59