It seems only a matter of time before a company listing technology as its top priority becomes the first to add depository services to its roster of offerings.
Ongoing discussions continue to take place between federal regulators and fintech executives and charter applications continue to find their way to officials at the Federal Deposit Insurance Corp. (FDIC) and the Office of the Comptroller of the Currency (OCC) – albeit at a fairly slow pace with many being withdrawn within months of submission.
Learn more about the big-picture view of the ever-evolving industry dynamic between fintechs and financial institutions.