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FintechTearsheet · 47d ago

Fintechs want to become banks. Bunq just found out what the OCC expects in return.

Bunq, a Dutch neobank with 20 million users across 30+ European countries, encountered regulatory requirements from the OCC while pursuing its own banking charter. The fintech discovered that obtaining independent bank status demands significantly more regulatory compliance and oversight than partnering with existing banks.

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