Key insight: Augustus now has the next U.S. regulatory approval it needs to open its AI-powered international clearing bank. Augustus now has the next U.S. regulatory approval it needs to open its AI-powered international clearing bank. The renamed German payments startup, which got conditional approval for a de novo bank charter in May of this year, is working to build a digital clearing bank with artificial intelligence and stablecoin rail technology. Augustus is one of a number of fintech companies to apply for a bank charter from U.S. regulators in recent months . The FDIC approval filing states that the application is approved subject to various conditions, such as initial paid-in capital funds of no less than $73.7 million.