MoneyLion alums take OpenReserve ‘out of stealth’

A new player called OpenReserve is entering the market with a fresh national bank charter from the OCC. Led by former executives from MoneyLion, this company aims to move away from the traditional 'batch processing' of banking. Instead, they are building a 'continuous banking' model. For retailers and service providers, this is a signal that the underlying technology powering consumer loans and credit products is about to get faster and more integrated. While most banks still handle transactions in chunks—often causing delays in settlement or fund availability—OpenReserve is building its infrastructure to handle money movement in real-time. This is particularly important for the consumer financing industry. When a lender can process data and move funds instantly, it reduces the friction at the point of sale. If their technology becomes the backend for new BNPL or credit products, merchants could see even faster approvals and more seamless settlement processes. This approval is also a rare win for the fintech sector. The OCC has been hesitant to grant national bank charters to tech-focused firms lately. By securing this conditional approval, OpenReserve is positioning itself as a highly regulated, stable partner that still offers the speed of a startup. As they roll out their services, keep an eye on how they partner with consumer-facing apps to offer new types of instant credit at checkout.

Source: Banking Dive

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