News for hackers. Stuff that matters.

A comment on Starting your own bank is laborious but profitable (2009).

Re:Starting your own bank is laborious but profitable (2009) by frankcort on Monday August 13, 2018 @04:00PM (#17753126)
Maybe Stripe will surprise us with a product that makes this easy to do.
[ Parent | on HN ]
Re:Starting your own bank is laborious but profitable (2009) by venantius on Monday August 13, 2018 @05:23PM (#17753745)
Certainly possible now that the OCC has opened the door to a "fintech banking charter". In the past I'd have said this was impossible as Stripe has little interest in finding itself regulated as a bank or in becoming a bank holding company.
[ Parent | on HN ]
Re:Starting your own bank is laborious but profitable (2009) by dkimerling on Monday August 13, 2018 @09:17PM (#17754921)
The lack of the ability to take deposits kills the FinTech Charter DOA
[ Parent | on HN ]
Re:Starting your own bank is laborious but profitable (2009) by venantius on Tuesday August 14, 2018 @03:50AM (#17756196)
Ah I hadn’t heard that. If that’s the case then I agree 100%
[ Parent | on HN ]