In the complex world of credit card processing, banks play a pivotal role, serving as the backbone of the entire system. At the heart of this infrastructure are acquiring or underwriting banks, which are essential for facilitating
In this post I’ll list the common functions of a banking core system. The intent is to give the reader some ideas and direction in selecting their core system. If you’re setting up a new international bank,
For international banks licensed in Puerto Rico and other foreign jurisdictions, establishing a branch in Florida can provide an opportunity to tap into the growing financial markets of the state. However, there is a specific procedure and
This article looks at the process to start a bank in the United States under a state charter rather than a national or Federal charter. It considers a bank owned by shareholders without the need for a
A very rare opportunity is available in the US territory of Puerto Rico. A fully operational international bank, with FedWire, is up for sale. The cost is approximately $25 million USD. What makes this a unique opportunity
Before I begin this article I need to explain how important the OCC is to new and existing banks in the field of Fintech. I am talking about the Office of the Comptroller of the Currency and
A de novo bank any type of bank that is newly chartered that has not been acquired through the purchase of a bank license from a previously licensed bank. That is, a de novo bank is a