OpenReserve Gets Nod to Launch ‘Bank That Never Closes’

FinTech company OpenReserve has gotten conditional approval for a U.S. banking charter.

The company received that permission from the Office of the Comptroller of the Currency this week, CEO Dee Choubey said in a post on X Thursday (Sept. 3). “Preliminary conditional approval to charter a de novo national bank is a privilege our team does not take lightly,” wrote Choubey, who also founded MoneyLion.

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