Rebuilding Checking & Cash Management with Jiko
Rebank: Fintech Analysis
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What's the Banking License?
The banking license was primarily driven by the desire to have direct integrations to payment systems. So when you think of it, there's a lot of cutoffs still in the financial system. We're really facilitating investments into T-Bills and over time allowing for payments. The new deposits that we're bringing in are swept away on behalf of our customers. Our customers sign up for a G-code account, it's because they want to own T-B Bills. It's an investment. They're exposed to it. That's really where the regulators were excited to see us try out," says Cevallos. "We all agreed that the best thing to get this product off
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