Silicon Valley-focused banking startup Erebor Bank is expected to raise $350 million, Bloomberg reported Tuesday (Dec. 23). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...
Digital bank Monzo is set to expand to Ireland and other European markets after securing a full banking license from the European Central Bank and the Central Bank of Ireland. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
FinTech company Mercury has applied for a national bank charter with the Office of the Comptroller of the Currency (OCC) and for federal deposit insurance with the Federal Deposit Insurance Corporation (FDIC). Get the Full Story Complete the form to unlock this article and enjoy...
The Federal Deposit Insurance Corporation (FDIC) approved a deposit insurance application to establish Erebor Bank, a new national bank that plans to provide deposit and lending products to businesses and individuals in the technology, payments systems, investment and defense industries, including participants in virtual currency...
A new regulatory report shows non-bank groups accruing more assets than their traditional banking counterparts. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...
German digital bank N26 has chosen a chief executive amid new regulatory sanctions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today....
The Federal Reserve Bank of Atlanta has begun a search for a president and CEO to succeed Raphael W. Bostic, who announced in November that he will retire at the end of his current term. Get the Full Story Complete the form to unlock this article and enjoy...
Embedded finance is transforming not just how transactions happen but where financial relationships begin. What once sat at the edge of apps and platforms is now embedded directly into the daily workflows of consumers and businesses, pulling banks toward realizing new revenue streams and balance...
Digital financial services firm SoFi has debuted its “all-in-one account” Smart Card. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By...