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Fintech Has Finally Cracked the US Banking Sector

“Varo Money is poised to become a full-fledged bank , making it the first of a new wave of fintech upstarts to win that approval in the US. The company’s long and expensive journey through a thick barrier of regulation is a reason why America’s banks have repelled the tech disruption sweeping through other industries.”
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Razer Fintech Plans to Build ‘world’s First Global Youth Bank’ Targeting Youth and Millennials

“Singaporean entrepreneur Min-Liang Tan’s Razer Fintech – the fintech arm of gaming hardware maker Razer – has applied for a Digital Full Bank Licence in Singapore, with a focus on the underserved youth and millennials segment, the company announced on Thursday (Jan 2). If successful, the firm will build what it calls the “world’s first […]
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S.Korea Launches “Open Banking” Services to Lower Fee, Enhance Convenience – Xinhua | English.news.cn

“South Korea’s financial regulator said Wednesday that it formally launched “open banking” services in a bid to lower transaction fees and enhance convenience for using online banking services. Under the open banking system, bank customers will be allowed to use any mobile banking application they choose to approach their bank accounts at any local bank […]

On The Wires

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N26 Hits 250,000 U.S. Customers in First Five Months

“N26 Inc., the U.S. subsidiary of one of Europe’s fastest-growing mobile banks, N26 GmbH, today announced it has reached 250,000 U.S. customers. Having only launched in the U.S. last August in partnership with Axos Bank, N26 has grown rapidly to become a leading force in changing how American consumers bank.”