Blurred Lines, Red Flags and a Stalking Horse
Chime plans to acquire Stride Bank, signaling a shift from fintech partner to bank owner, with expected synergies of over $100M by 2027. Green Dot is taking the opposite approach: CommerceOne Bank will acquire Green Dot Bank, while Green Dot’s…
Is it a Bank? Is it a FinTech? Is it Superman?
Many fintechs look like banks to the user but are not actually banks and are therefore not themselves FDIC-insured. Instead, they typically partner with chartered banks that hold deposits, issue cards, and provide regulated banking services, while the fintech provides…