, Why Does Everyone Want to Be a Bank Now?

Fintech Frenzy: Why US Bank Charters Are the New Hot TicketFintech companies are racing to secure US bank charters, a trend that's seen a significant uptick during Trump's second term. With thirteen applications this year alone, firms seek steady, affordable financing and greater legitimacy. Traditional banks view this as both a threat and an opportunity, while investors and small businesses eagerly await innovative banking solutions. The future of banking hangs in the balance as regulators decide how to manage this growing interest.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.