Banks On Notice: Fintechs Are Coming For Checking Accounts & Debit Cards
CB Insights
AUGUST 2, 2018
Notably, these fintechs are circumventing banking regulations via partnerships with companies like Green Dot and StoneCastle, enabling them to offer debit products without becoming official deposit takers. This backdoor around banking regulations could prove to be extremely fruitful for fintechs in the future. Concluding thoughts.
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