01/12/2022

The Biggest Small Banks

A decade ago, it was widely assumed financial technology companies posed a threat to the banking industry. No longer. A growing group of banks have figured out a way to turn a potential threat into a profitable venture. A once-nascent business line, banking as a service gives banks a potentially lucrative way to leverage their charter by partnering with fintechs and nonbanks that want to provide banking services to their customers. Several dozen sponsor banks now dominate the space, providing access and connections for companies that want to gather deposits, do business in the regulated financial services space, or use…

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WRITTEN BY

Kiah Lau Haslett

Banking & Fintech Editor

Kiah Lau Haslett is the Banking & Fintech Editor for Bank Director. Kiah is responsible for editing web content and works with other members of the editorial team to produce articles featured online and published in the magazine. Her areas of focus include bank accounting policy, operations, strategy, and trends in mergers and acquisitions.

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