ChannelLife US - Industry insider news for technology resellers
United States

National Bank Stories

American Stories

National Bank stories

OpenReserve wins conditional US national bank approval
Crypto

OpenReserve wins conditional US national bank approval

The bank still needs final regulatory clearance before it can open and offer lending, deposits and stablecoin infrastructure to businesses.

By Karen Joy Bacudo • 4 min read • 4 days ago
Varo Bank rolls out fee-free cash deposits at Kroger
Fintech

Varo Bank rolls out fee-free cash deposits at Kroger

Cash-heavy customers can now top up Varo accounts at more than 2,000 Kroger stores without paying the USD $4.95 retail service fee.

By Karen Joy Bacudo • 3 min read • Last month
Upstart wins conditional approval for national bank
Fintech

Upstart wins conditional approval for national bank

The move could let the fintech originate consumer loans nationwide and take FDIC-insured deposits, pending further regulatory approvals.

By Karen Joy Bacudo • 3 min read • Tue, 28th Jul 2026
Circle wins OCC approval for digital asset trust bank
Crypto

Circle wins OCC approval for digital asset trust bank

The approval puts Circle's custody business under federal oversight and could later support reserve management for its USDC stablecoin.

By Karen Joy Bacudo • 3 min read • Tue, 14th Jul 2026
SoFi launches bank-issued stablecoin in banking app
Crypto

SoFi launches bank-issued stablecoin in banking app

Millions of customers can now use a bank-backed digital token in a mainstream finance app, marking a rare move into consumer stablecoins.

By Karen Joy Bacudo • 4 min read • Sat, 30th May 2026
Mercury raises USD $200 million in Series D led by TCV
Digital Transformation

Mercury raises USD $200 million in Series D led by TCV

Strong application growth and a push beyond startups helped Mercury secure new funding as it moves towards becoming a nationally regulated bank.

By Karen Joy Bacudo • 3 min read • Fri, 22nd May 2026
Huntington picks SEI for private bank platform shift
Software-as-a-Service

Huntington picks SEI for private bank platform shift

The bank's private wealth arm will shift to a single system to cut complexity and improve service for advisers and clients.

By Karen Joy Bacudo • 4 min read • Thu, 2nd Apr 2026
Upstart seeks US bank charter to launch AI-driven bank
Digital Transformation

Upstart seeks US bank charter to launch AI-driven bank

Upstart will seek a US national bank charter to launch an AI-driven bank, enabling it to take deposits and lend directly nationwide.

By Karen Joy Bacudo • 4 min read • Thu, 12th Mar 2026
Mercury's bid to become a US bank after rapid growth
Disaster Recovery

Mercury's bid to become a US bank after rapid growth

Fast-growing fintech Mercury seeks a US national bank charter to hold deposits and lend directly after scaling to 200,000 business customers.

By Karen Joy Bacudo • 4 min read • Sat, 7th Mar 2026

Global Stories

National Bank stories

Pimloc appoints former NSA leader Teresa Shea as advisor
Software-as-a-Service

Pimloc appoints former NSA leader Teresa Shea as advisor

Demand for automated redaction is rising as agencies and businesses struggle to mask personal data in video, images, audio and documents.

By Joseph Gabriel Lagonsin • 3 min read • Last week
OpenAI appoints fintech chiefs to governance boards
Digital Transformation

OpenAI appoints fintech chiefs to governance boards

The appointments bring banking risk expertise to OpenAI as it faces tighter scrutiny over governance while expanding its commercial AI products.

By Mark Tarre • 4 min read • Thu, 23rd Jul 2026
Project Agorá advances into real-value payment testing
Fintech

Project Agorá advances into real-value payment testing

The next phase could ease delays and settlement risk in wholesale cross-border transfers as Project Agorá moves to real-value testing.

By Karen Joy Bacudo • 4 min read • Thu, 28th May 2026
Diverging paths: Monzo quits, Revolut hunts US charter
Disaster Recovery

Diverging paths: Monzo quits, Revolut hunts US charter

Monzo's retreat from America will close customer accounts by June, while Revolut is seeking direct access to deposits and loans in the US.

By Karen Joy Bacudo • 5 min read • Wed, 8th Apr 2026
UiPath launches AI tools for bank compliance & lending
Digital Transformation

UiPath launches AI tools for bank compliance & lending

Banks could speed compliance checks and loan approvals as the new software automates alerts and underwriting while keeping audit trails intact.

By Joseph Gabriel Lagonsin • 4 min read • Thu, 26th Mar 2026
Revolut seeks US bank charter & appoints new US CEO
Fintech

Revolut seeks US bank charter & appoints new US CEO

Revolut seeks a US national bank charter and names Cetin Duransoy as US chief, sharpening its push into regulated American banking.

By Karen Joy Bacudo • 4 min read • Fri, 6th Mar 2026

Stories from Other Regions

National Bank stories

Punjab National Bank joins PSB Xchange lending platform
Fintech

Punjab National Bank joins PSB Xchange lending platform

Dealers and MSMEs stand to gain faster access to working capital as Punjab National Bank widens PSB Xchange's lender pool.

By Karen Joy Bacudo • 5 min read • Wed, 29th Jul 2026
Canadian women report greater anxiety over AI at work
Digital Transformation

Canadian women report greater anxiety over AI at work

Canadian women report higher anxiety and lower confidence using AI at work than men, as workplace expectations outpace support and training.

By Shannon Williams • 4 min read • Thu, 12th Mar 2026