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OCC approves new bank targeting ‘innovation economy’

October 15th 2025

A new bank backed by tech billionaires that plans to fill the gap left by Silicon Valley Bank’s collapse and serve firms in the “innovation economy” has received conditional approval from regulators.

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OCC approves new bank targeting ‘innovation economy’

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Wealthtech Clove emerges from stealth with $14m in funding

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BoE to prioritise AI, DLT and quantum computing in tech strategy

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Coinbase invests in India’s CoinDCX

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BoE to prioiritise AI, DLT and quantum computing in tech strategy

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SBS shakes off legacy label, positions itself at the forefront of fintech

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Allianz UK appoints first head of AI

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Lunar becomes first provider in Scandinavia to get MiCA crypto license

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Monzo adds built-in tax filing tool

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FCA sets out plan to back tokenisation of investment funds

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Visa launches Trusted Agent Protocol for AI commerce

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Revolut faces further UK license delays; acquires AI travel agent

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SS&C completes $1bn acquisition of Calastone

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UK venture funding reaches multi-year high

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Wise secures retail payments licence in UAE

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Mastercard unveils platform to boost payment approval rates

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Shawbrook preps £2bn IPO

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Brazil’s PicPay eyes US IPO

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Microsoft and LSEG renew AI data partnership

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FCA launches open finance accelerator

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