Today OCC Begins Accepting National Bank Charter Applications From FinTech Companies

It’s Tuesday in Grand Rapids. Beautiful mid-70s, a bit overcast and if you look carefully you can see the reflection of my shirt as I took the photo from my office window… Today, the Office of the Comptroller of the Currency (OCC) announced it will begin accepting applications for national bank charters from fintech companies.Continue reading “Today OCC Begins Accepting National Bank Charter Applications From FinTech Companies”

Fintech Startup “Lemonade” Latest $120 Million Round of Funding – Following Through on Its Purpose Driven Mission.

“The key to disrupting a billion-dollar industry is ‘ignorance”  check out this recent article on “Lemonade” via BusinessInsider   In the past I have posted on Fintech Companies – and highlighted a few. One of those in particular is “Lemonade” a disrupter in the urban rental and home insurance industry.  Check out an update onContinue reading “Fintech Startup “Lemonade” Latest $120 Million Round of Funding – Following Through on Its Purpose Driven Mission.”

OCC’s Remarks on Fintech Charter and a “Conversation about Financial Innovation and Fintech”

Today, Keith A. Noreika, Acting Comptroller of the Currency gave remarks encompassing the topic of Responsible Financial Innovation and Fintech Companies. You can read Mr. Noreika’s remarks here. All the excitement surrounding fintech companies reminds me of something that gets me excited – college football, particularly Michigan State Spartan Football (thus, a photo from oneContinue reading “OCC’s Remarks on Fintech Charter and a “Conversation about Financial Innovation and Fintech””

Fintech Company “Lemonade” Following Through on Its Purpose Driven Mission.

In the past I have posted on Fintech Companies – and highlighted a few – namely Lemonade.  Below is an update on some exciting things Lemonade is doing.   But as a threshold matter: What is Fintech?   According to FinTech Weekly: Financial technology, also known as FinTech, is a line of business based onContinue reading “Fintech Company “Lemonade” Following Through on Its Purpose Driven Mission.”

Fintech Update: Disruption for Good. The OCC’s Remarks Yesterday to Fintech Innovators at LendIt USA in New York

Yesterday, Thomas J. Curry, Comptroller of the Currency gave remarks about Fintech Innovation at LendIT USA (The Worlds Biggest Show in Lending and Fintech) Conference in New York. You can read Mr. Curry’s remarks here. Mr. Curry praised the innovative Fintech Companies who “have fueled healthy competition to modernize and improve how the nation’s financial services needsContinue reading “Fintech Update: Disruption for Good. The OCC’s Remarks Yesterday to Fintech Innovators at LendIt USA in New York”

Update on Fintech, Social Entrepreneurship and Special Purpose National Bank Charters for Fintech Companies.

Last month, Thomas J. Curry, Comptroller of the Currency gave remarks about Special Purpose National Bank Charters for Fintech Companies. You can read Mr. Curry’s remarks here. Mr. Curry announced that the Comptroller of the Currency (OCC) would move forward with considering applications from financial technology (fintech) companies to become special purpose national banks. Mr. Curry hadContinue reading “Update on Fintech, Social Entrepreneurship and Special Purpose National Bank Charters for Fintech Companies.”

Why Startup Fintech Company “Lemonade” is so Intriguing.

CrowdFundInsider just posted an article on a new Fintech Startup – Lemonade. You should check the article out here I’ll start by answering a basic question: (By the way – the photo is one I took last year from Central Park – my limited experience with New York.) What is Fintech? According to FinTech Weekly:Continue reading “Why Startup Fintech Company “Lemonade” is so Intriguing.”