Fintech companies are applying to become banks. Here's what it takes to become one

NPR | By Wailin Wong,

Ricky Mulvey

Published September 11, 2026 at 1:46 AM PDT

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Many financial technology companies are applying to become banks. The Indicator finds out what it takes to go through this process and what benefits come with a bank charter.

Fintech companies are applying to become banks. Here's what it takes to become one

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Fintech companies are applying to become banks. Here's what it takes to become one

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