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The U.S. Office of the Comptroller of the Currency (OCC) denied Wise Group plc's application for a national trust bank…
WSEWise Group plc
The U.S. Office of the Comptroller of the Currency (OCC) denied Wise Group plc's application for a national trust bank charter. The company plans to submit a new application under a GENIUS Act framework in response to changing regulatory landscapes and Federal Reserve policies. Wise continues to operate under existing money transmitter licenses in 48 U.S. states and four territories. Wise is a global technology company providing cross-border money movement and management services.