- (also known as rent-a-bank or sponsor banks):
- Cross River Bank
- Sutton Bank
- The Bancorp Bank
- FDIC Corporate Resolutions Group
- Metropolitan Bank
- New York Community Bank
- First Citizens Bank
- Regions Bank
- Truist Bank
- PNC Bank
- Lineage Bank
·
Citi
A banking partner for institutions with cross-border needs
and a global pioneer in wealth management
·
Brex
Program banks include Axos Bank, East West Bank, Hinsdale
Bank & Trust Company, Lake Forest Bank & Trust Company, LendingClub
Bank, Merchants Bank of Indiana, and Old Plank Trail Community Bank
·
Raisin
Partner banks include Adda Bank, Axiom Bank, Border Bank,
Central Bank of Kansas City, CF Bank National Association, and Citizens State
Bank
Other banking partners include:
- American Express National Bank
- Barclays Bank Delaware
- Bask Bank / Texas Capital Bank
- Capital One Financial
- CIBC Bank USA
- Goldman Sachs Bank
- Lending Club Bank
It is important to note
that this is not an exhaustive list, and there are many other banks that
partner with fintech companies. The best partner bank for a particular fintech
company will depend on a number of factors, such as the size and type of the
company, the products and services it offers, and its regulatory requirements.
Here are some of the
things to consider when choosing a partner bank:
- The bank's experience with fintech companies: Some banks have more experience working with fintech companies than others. This can be important, as fintech companies often have unique needs that traditional banks may not be familiar with.
- The bank's regulatory compliance capabilities: Fintech companies are
subject to a complex and ever-changing regulatory landscape. It is
important to choose a partner bank that has a strong track record of
compliance and can help you navigate the regulatory environment.
- The bank's technology infrastructure: The bank's technology
infrastructure should be able to support the fintech company's products
and services. This includes things like the ability to integrate with
the company's APIs and provide real-time data access.
- The bank's fees: The bank's fees should be competitive and transparent. It
is important to understand all of the fees associated with the partnership
before you enter into an agreement.
- Capital requirements for banks are being reviewed.
