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FinTechs and Automakers Rush for Bank Charters
PYMNTS.com· 2026-01-26 23:01
De novo charters and ILCs are reshaping competition, allowing nonbanks to build purpose-designed, digital-first banks with access to insured deposits and lending power.After years of relying on sponsor banks and acquisitions, regulatory thaw and consumer openness to neobanks have accelerated direct entry into the regulated banking system, including trust and digital asset charters.Nonbanks and firms like Revolut, Affirm, PayPal, Ford and General Motors are pursuing bank charters or industrial loan companies ...
X @Ansem
Ansem 🧸💸· 2025-10-19 13:18
RT Route 2 FI (@Route2FI)Crypto card/neobank tier listS:EtherFi: 3% cashback from day 1 (lots of campaigns, eg. rn 20% cashback for the whole month of October), borrow against ETH, 10% stablecoin yield you can spend money with, pay down your mortgage with crypto, lower fees on travel, 1% on forex, basically a full neobankA:Payy: privacy focus (zk), card that lights up when you pay, neobank, points program soon, this would be in S as well if they had cashback. It's a very cool card but it's not a comprehensi ...