Augustus CEO Says Banks Can’t Be Rebuilt for AI as OCC Backs Stablecoin Bank

Cointelegraph Staff

(03:10 PM UTC)

1 min read

Augustus Bank’s CEO, Ferdinand Dabitz, says legacy clearing banks cannot truly rebuild their cores for artificial intelligence and programmable money, as his startup moves closer to launching a US national bank designed around both.

The Office of the Comptroller of the Currency (OCC) granted conditional approval for Augustus Bank N.A. on Monday under the Guiding and Establishing National…

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