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VersaBank, a US-based digital banking and cybersecurity technology provider, has received approval from the OCC to proceed with its proposed acquisition of Stearns Bank.
acquisition, banks, digital banking, cybersecurity, regulation
VersaBank has initiated an internal pilot programme of new Digital Deposit Receipts (DDRs) in Canada to validate its DDR model, CADV (for the Canadian-dollar version).
digital wallet, money transfer, bank transfer, cash management, e-wallet, payments infrastructure