13 Jan 2020

Banking, Member Exclusive

Avant is building a bank from scratch as the OCC approves most charter applicants

• Avant CEO Al Goldstein says the fintech expects to move the majority of its assets and operations into Avant Bank, N.A.
• Before Avant, 42 firms applied for OCC de novo charters since January 2025, and the agency approved 27.

Artificial Intelligence, Banking, Member Exclusive

AI is the car, and you are the driver: Bank of America’s approach to AI learning

• Bank of America trains its 200,000+ teammates on Gen AI by teaching accountability and critical thinking first, deliberately leaving out tokens and technical details.
• Role-specific learning pathways, AI conversation simulators, and a network of AI Champions give employees a safe place to build skills and ease concerns about their careers. Success is measured by whether learning changes how people work and shows up in business outcomes.

10-Q, Member Exclusive

U.S. Bank is building its small business relationship around the way owners run their businesses

• U.S. Bank is using its new Business Essentials cards to deepen its small business relationship, tying rewards to deposits while connecting spending with broader financial workflows.
• The overarching strategy is to pull more fragmented small business activity – from expenses and payroll to payments and cash flow – into one banking relationship.

Business of Fintech, Member Exclusive, Opinion

Fintech is in its empire-building era

• Fintechs are moving from unbundling banking to owning more of the infrastructure, licenses, and customer relationships around their businesses.
• Chime, Revolut, and Zilch show how scale is pushing fintechs into expansion, M&A, and greater control over everything surrounding their product suite.

10-Q

The Week in Market Moves | Sept 24 – Oct 01, 2026

• This analysis tracks recent specific company developments and how markets responded, anchored to Thursday's close.
• This week’s prominent moves came from Citi, Intuit, Robinhood, Fifth Third, and BMO.