On March 14, 2024, Quontic showcased its innovative approach by integrating adaptive digital banking with its role as a Community Development Financial Institution (CDFI). The bank's model emphasizes flexible lending practices, including lite-doc loans, removal of overdraft and monthly maintenance fees, and the introduction of digital innovations like the Quontic Pay Ring. Additionally, Quontic channels its digital edge into community engagement through partnerships with nonprofits such as City Harvest, Eden Reforestation Projects, Give Directly, and World Food Program USA, reinforcing its commitment to serving underserved communities.

Quontic Bank has partnered with Spiral to launch a digital Community Impact Center that provides transparent tracking of its philanthropic activities, including environmental and community impact initiatives, aimed at benefiting vulnerable communities nationwide.

On July 7, 2023, the Philadelphia Fed issued an enforcement action restricting Quontic Bank Holdings Corp. from distributing capital—including dividends and share repurchases—without prior regulatory approval, following prior concerns over compliance. This measure highlights deficiencies in corporate governance and adherence to established regulatory standards.

The Philadelphia Fed issued an enforcement action against Quontic Bank Holdings Corp., restricting any capital distributions — including dividends, share repurchases, or incurring additional debt — without prior written approval. The action follows previous regulatory concerns and is part of a series of enforcement measures against the bank.

On July 6, 2023, Quontic Bank Holdings Corp. entered into a written agreement with the Philadelphia Fed, agreeing to restrict dividend distributions, share repurchases, and other capital distributions without prior approval. The enforcement also requires the submission of a cash-flow projection for 2023 and a written plan for maintaining sufficient capital, marking the bank's third regulatory enforcement in five years.

On July 5, 2023, the Federal Reserve Board reached a written agreement as part of its enforcement actions involving Quontic Bank Acquisition Corp. and Quontic Bank Holdings Corp. This action is one among several announced by the Board, highlighting concerns over the regulatory and compliance practices of these entities.

On July 5, 2023, the Federal Reserve Board executed a Written Agreement enforcement action against Quontic Bank Acquisition Corp. and Quontic Bank Holdings Corp. as part of a series of regulatory measures. This action reflects regulatory concerns regarding the company’s business practices.

Quontic Bank launched the first FDIC-insured Bitcoin rewards checking program, enabling customers to earn Bitcoin rewards on eligible purchases using their debit cards. The initiative, announced via a press release and developed in collaboration with NYDIG and FIS, represents an innovative fusion of traditional banking with digital currency technology.