Tag: start
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How To Start A Neobank
While customers can open accounts with neobanks, neobanks really transfer banking to other institutions. For example, Chime customers work with Chime’s digital interface, but two regional institutions insured by FDIC really keep customers’ money. The proliferation of “neobanks” has recently caught the attention of legislators and regulators. The “neobancos” are financial technology companies that offer…