American banking regulators have reportedly turned down Dutch FinTech Bunq’s request for a banking license. Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. The Office of the Comptroller of the Currency (OCC) denied the request Friday (Aug. 7), telling Bunq the company needed to offer more insight into its American expansion plans, Bloomberg News reported. While the initial capital injection for the proposed American bank would come from Niknam’s personal holdings, the availability of the funds was not clear, the OCC said in a letter cited by Bloomberg. When announcing its filing earlier this year, Bunq said it was targeting “digital nomads” who live and work between the U.S. and Europe.