Tag: FDIC

European digital bank bunq, which recently declared a net profit of $57m in 2023, has reportedly raised $31m in new funding.

In the ever-changing world of risk management, where the challenges are formidable and constantly evolving, the role of risk executives and their teams is more vital than ever. The cornerstone of this ecosystem, financial crimes compliance, requires not just vigilance but also a forward-thinking approach to innovation.

Dave, commonly referred to as Dave and recognised as a front-runner among the nation's neobanks, recently made significant modifications to its pre-existing Delayed Draw Senior Secured Loan Facility.

WealthTech startup Wellthi has secured funding from Virginia Venture Partners, the equity investment arm of the Virginia Innovation Partnership Corporation (VIPC). 

A year after receiving Federal Deposit Insurance Corp (FDIC) approval, Square Financial Services, Square’s state-chartered industrial bank has begun operations.

Mobile banking company Varo Money has received approval from the Federal Deposit Insurance Corporation (FDIC) for deposit insurance, as it moves closer to a national banking charter.