Recently, several financial technology (“Fintech”) organizations have applied for – and been granted – banking charter licenses. For example, in May 2019, Grasshopper was approved for a charter issued by the Office of the...more
In 2021, Square, Inc. (“Square”) announced that it had commenced banking operations under its independently governed subsidiary industrial bank, Square Financial Services (“Square Financial”). ...more
1/25/2022
/ Banks ,
Consumer Financial Products ,
Consumer Lenders ,
Credit Access ,
Financial Institutions ,
Financial Services Industry ,
FinTech ,
Innovative Technology ,
Online Platforms ,
Square ,
Startups