Fintech Business Podcast cover image

Interview: Michele Alt, Klaros Cofounder & OCC Veteran

Fintech Business Podcast

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Fintech Acquisitions and Banking Charters

This chapter examines the increasing trend of fintech companies acquiring banks to secure banking charters, allowing for innovative business models. It discusses the regulatory complexities and operational challenges that accompany such acquisitions, emphasizing the need for fintechs to maintain traditional banking services while navigating state and federal regulations. The conversation also highlights the strategic advantages of obtaining a bank charter, such as access to low-cost funding and streamlined operations, against the backdrop of evolving legislative efforts in the fintech sector.

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