Zaria Systems, a builder of real-time infrastructure for mark-to-market credit and structured finance, aims to secure a charter for a special-purpose national bank that will limit its activities to the operations of a trust company and related activities, the company said in a Wednesday (Aug....
Payments solutions platform Nayax is the latest FinTech seeking an American banking charter. 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 completing...
Wells Fargo reportedly hopes to launch tokenized deposits for corporate/commercial customers. 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 completing this...
Programmable money movement firm Dakota is seeking a national trust bank charter, according to a Tuesday (Aug. 4) message to customers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Watch more: Need to Know With Bretton AI’s Will Lawrence 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 completing this...
Banking-as-a-service has traditionally had sponsor banks for doing everything themselves: issuing accounts, holding deposits, processing payments and financing lending. 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...
Payments and treasury technologies have traditionally been positioned by the banks powering them as purely infrastructure. The same way baseball players need a field to play ball, the thinking went, financial services needed the indispensable machinery powering payments that helps clients move money, manage liquidity...
The Federal Reserve is seeking comment on a proposal that it said would modernize rules for mutual banking organizations and increase their flexibility to raise capital. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Lineage Bank, which was a partner bank for Synapse, the banking-as-a-service (BaaS) provider that went bankrupt in 2024, has reached a consent order with the Federal Deposit Insurance Corporation (FDIC). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...