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Greg Quarles
New bank charters have been rare since the financial crisis. “It’s time to build new banks again,” says Augustus National Bank President Greg Quarles. [Photo and Illustration courtesy of Augustus; composite image DI Studio]
Inside Augustus: The Thiel-Backed ‘Bank Made of Code’ Nearing a National Charter From Dallas
by Quincy Preston | Jun 24, 2026
The prospect of building a bank for the AI era from scratch was enough to pull Greg Quarles from the top job at another bank. Now the veteran regulator and three-time bank CEO explains why he joined the upstart reinventing how money moves—and the 25-year-old founder he calls “the brightest guy I’ve ever met.”
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North Texas is a big place, with plenty to do, see, hear, and watch. We scour the internet every week to find events and activities for you. As always, things may change at any time, so be sure to check the official website or registration page for the latest details....
The future of logistics isn’t being built in Silicon Valley. It’s being built in Fort Worth.
Hillwood’s decades-long commitment to AllianceTexas—anchored by public-private partnerships, infrastructure investment, and a clear-eyed view of what next-generation supply chains would require—created the foundation for what’s happening today....
XTI Aerospace (Nasdaq: XTIA) provides unmanned aircraft systems solutions for enterprise, public safety, and government customers—with two development-stage divisions focused on autonomous defense drones and domestic manufacturing. XTI recently relocated its headquarters from Englewood, Colorado, to the Dallas suburb of Addison....
Augustus doesn’t have a bank yet. But it has already cleared one of banking’s toughest hurdles: preliminary approval for a national charter.
The Thiel-backed fintech is building what it calls the first clearing bank for the AI era—a bank organized around stablecoins, round-the-clock payments, and a future of machine-to-machine transactions....
Beyond Visa, other organizations with notable patents granted this week include:
- 7-Eleven’s system for identifying an item based on an amount of image information in an image of the item
- Amazon’s wireless charging of industrial equipment
- Apple’s physical activity user interfaces
- Bank of America’s method for verifying user authorization using zero-proof verification
- Capital One’s assessing computer code using machine learning
- Citigroup’s feature management for software deployment
- CryoDynamics’ cold therapy device and method
- Diodes’ audio speaker system using piezo diaphragm
- Gramercy Extremity Orthopedics’ tarsometatarsal joint arthrodesis tools and related methods for bunion correction
- JPMorgan Chase’s account matching based on partial profile data
- Nvidia’s PID control to address toggling of secondary flow controllers in datacenter cooling systems
- Qualcomm’s shared phase shifter radio architecture
- Sound Patrol’s personalized cover-voice music synthesis system
- Texas Instruments’ sparsified training of convolutional neural networks
- Toshiba Global Commerce Solutions’ self-checkout illumination system
- Toyota’s driver condition-based vehicle navigation
- The University of Texas System’s systems and methods to measure retinal perfusion
- Wells Fargo’s cloud security posture management
Dallas Invents is a look at U.S....
Trending
North Texas is a big place, with plenty to do, see, hear, and watch. We scour the internet every week to find events and activities for you. As always, things may change at any time, so be sure to check the official website or registration page for the latest details....
The future of logistics isn’t being built in Silicon Valley. It’s being built in Fort Worth.
Hillwood’s decades-long commitment to AllianceTexas—anchored by public-private partnerships, infrastructure investment, and a clear-eyed view of what next-generation supply chains would require—created the foundation for what’s happening today....
XTI Aerospace (Nasdaq: XTIA) provides unmanned aircraft systems solutions for enterprise, public safety, and government customers—with two development-stage divisions focused on autonomous defense drones and domestic manufacturing. XTI recently relocated its headquarters from Englewood, Colorado, to the Dallas suburb of Addison....
Augustus doesn’t have a bank yet. But it has already cleared one of banking’s toughest hurdles: preliminary approval for a national charter.
The Thiel-backed fintech is building what it calls the first clearing bank for the AI era—a bank organized around stablecoins, round-the-clock payments, and a future of machine-to-machine transactions....
Beyond Visa, other organizations with notable patents granted this week include:
- 7-Eleven’s system for identifying an item based on an amount of image information in an image of the item
- Amazon’s wireless charging of industrial equipment
- Apple’s physical activity user interfaces
- Bank of America’s method for verifying user authorization using zero-proof verification
- Capital One’s assessing computer code using machine learning
- Citigroup’s feature management for software deployment
- CryoDynamics’ cold therapy device and method
- Diodes’ audio speaker system using piezo diaphragm
- Gramercy Extremity Orthopedics’ tarsometatarsal joint arthrodesis tools and related methods for bunion correction
- JPMorgan Chase’s account matching based on partial profile data
- Nvidia’s PID control to address toggling of secondary flow controllers in datacenter cooling systems
- Qualcomm’s shared phase shifter radio architecture
- Sound Patrol’s personalized cover-voice music synthesis system
- Texas Instruments’ sparsified training of convolutional neural networks
- Toshiba Global Commerce Solutions’ self-checkout illumination system
- Toyota’s driver condition-based vehicle navigation
- The University of Texas System’s systems and methods to measure retinal perfusion
- Wells Fargo’s cloud security posture management
Dallas Invents is a look at U.S....
