Stripe’s banking push comes as fintechs dive deeper into finance
Both Stripe and Fiserv have pursued narrow banking charters in Georgia
Some fintechs have a new strategy for navigating the risks and limitations associated with their partnerships with banks: Become a bank themselves. Payments unicorn Stripe Inc. and bank technology provider Fiserv Inc. have pursued a narrow banking charter in the state of Georgia, a signal that financial-technology companies are increasingly moving to gain more control […]
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