Fintech Flash
The latest fintech industry news and developments in a flash.

Goodwin’s Fintech Flash aims to share the latest news and developments for the rapidly evolving fintech industry – which often can change in a flash.
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FDIC Approves Deposit Insurance Applications for ILCs Proposing Specialty Business Models
An industrial bank or industrial loan company (each, an ILC) charter can be an attractive option for a financial technology (fintech) company or another company seeking to enter the banking space. Since January 2026, the Federal Deposit Insurance Corporation (FDIC) has conditionally approved four separate de novo deposit insurance applications for Utah-chartered ILCs submitted by Ford Credit Bank, GM Financial Bank, Edward Jones Bank, and Stellantis Bank. Applications related to additional ILC charters remain pending before the FDIC.
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Authorizing Agentic Payments
Delegation is easy. Proving a payment was actually authorized — and who bears the risk when something goes wrong — is harder.
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