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Congratulations to the Mission Lane team on the OCC's conditional approval of its application to charter a CEBA credit card bank! The charter will enhance Mission Lane’s ability to serve credit-marginalized consumers through reasonably priced, transparent credit cards. This is a significant event for two reasons: 1) This is the first CEBA bank chartered in over 20 years; and 2) the conditional approval should dispel any concerns about the OCC's receptivity to chartering banks that focus on the needs of underserved consumers.

Your FinTech may be ready for America. Your operating model may not be. Foreign FinTechs often underestimate how much has to change to satisfy U.S. regulators and sponsor banks. Finding out after launch can mean months of rework, stalled partnerships, and millions burned while your team waits. Our team of former regulators, bank executives, and fintech leaders, will help you identify the gaps early, adapt your model for the U.S., and approach sponsor banks with a proposition they can actually approve.

If your U.S. launch keeps getting pushed back, the problem probably isn't your product. Foreign FinTechs often underestimate how different the U.S. regulatory and sponsor bank landscape really is. The result is months of delays, wasted runway, and bank conversations that suddenly go silent. Klaros helps FinTech leaders navigate the U.S. with former regulators and industry operators who know what banks and regulators expect before you get in the room.

Still standing around waiting for a U.S. sponsor bank to call you back? Foreign FinTechs often underestimate what U.S. banks need to see before they will engage. The result is months of outreach, unanswered emails, repeated diligence requests, and runway disappearing while launch plans stall. Klaros helps foreign FinTechs identify those issues early, strengthen their U.S. proposition, and approach sponsor banks with a model built for the American market.

Every month you spend figuring out U.S. regulation, rebuilding your compliance approach, or chasing sponsor banks is another month of runway gone. Klaros is a team of former regulators, general counsels, and executives with deep expertise at the intersection of fintech and sponsor banking. They will get you a clear path to market in the shortest amount of time possible.

Every day, we’re helping clients to launch new products and services, stand up new banks, build risk and compliance programs that work, strengthen governance, execute U.S. market entry strategies, develop and execute their stablecoin plans, evaluate the pros and cons of getting a banking license, explore acquisitions, build effective partnerships, and remediate program failures. If your firm is staring down one of these decisions, that's exactly the kind of call we love to get, and the kind we help our clients get right the first time. Book a consultation to see how we can help you: go.klaros.com