Remove Office of the Comptroller of the Currency Remove Underserved Remove Underwriting
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Figure CEO: Figure Pay, National Bank Charter Will Boost Financial Inclusion

PYMNTS

He pointed to brands and merchants like Dunkin and Dollar General, marked by underserved populations that could benefit by better economics than has been seen with prepaid cards or payday lending. Figure Pay, he said, debuts in January in Missoula, Montana, and then will see a broader rollout through the quarter.

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Taking On SMB Banking Friction Without Reinventing The Wheel

PYMNTS

Regulatory efforts through the Office of the Comptroller of the Currency aim to connect FinTechs with the opportunity to apply for a national bank charter, an initiative that has been met with criticism and legal action. For instance, in the U.K., Meanwhile, in the U.S., the emergence of new banks is few and far between.

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How Banks Balance New SMB Tech (Without Nixing The Old)

PYMNTS

“Consumer banking has become very commoditized, but small businesses are still very underserved.” That includes SMB FinServ in areas like small business loan underwriting, and the diversification of offered products and services. More) Disruption Ahead. Open Banking will be a force in U.S. ”