PYMNTS.com
Upgrade Seeks Nevada Charter to Complement Existing Banking Relationships | PYMNTS.com
xCruzo Brief
Upgrade has applied for a Nevada state charter and for federal approval with the FDIC to create “Upgrade Bank,” aiming to complement its existing banking relationships. The digital lender says the proposed bank would give it more flexibility and additional funding options for credit products. Upgrade offers mobile banking, buy now, pay later, personal loans, credit cards, and auto financing to mainstream consumers. Since forming in 2016, it reports delivering more than $53 billion in credit to over 8.5 million customers. The company named Virginia Varela, head of banking strategy, as CEO of Upgrade Bank, after senior roles at four banks. Upgrade’s charter push reflects a broader wave of FinTech bank applications.
xCruzo quick-read summary • Source: PYMNTS.com • Read the full article for complete information.
xCruzo
Russia says it may export up to 3.5 million tons of diesel a month by year-end
El secreto oculto detrás del pescado de granja que comes
Yacht as a Business: What Is the Real ROI and What Should You Watch Out For?
Mallorca se convierte esta semana en el centro mundial de la investigación sobre grandes crustáceos
Sporting Gender Stereotypes Taking Hold From a Young Age, New Research Reveals
NOTHING BUT GREEN: 8 weeks later, Inola volleyball made a believer out of me
Dry Tortugas National Park: A remote stargazer's paradise 70 miles from civilization
Marina asegura más de 1.2 toneladas de presunta cocaína