Neo bank Bunq has submitted a formal application to the US Office of the Comptroller of the Currency (OCC) for a de novo banking licence to introduce its banking services in the US. According to Bunq, prospective users in the US will have the option to open both US and European checking accounts if eligible. The bank also said it will allow new arrivals to use their European financial records to help establish credit histories in the US. This move comes soon after Bunq received approval from FINRA for ...

Sequoia-backed fintech platform Aspora, which lets the Indian diaspora send money back to India, is launching a new feature for users to pay bills. This means Non-Resident Indians (NRIs) can pay utility bills or recharge their mobile prepaid plans for their family. The startup said that until now, users had to either transfer the money to their Indian accounts or ask someone to handle the bills for them. The other option for them was to use their foreign cards and try and pay bills while facing high char ...