Instead of trying to beat a wave of high-growth financial technology start-ups at their own game, a group of small banks is opting to join them.
These low-profile community banks quietly run the plumbing underneath billion-dollar fintech firms such as Square, Stripe and Robinhood — handling mundane banking activities for them like holding customer deposits and underwriting loans — while the tech firms remake finance for a digital age.
Read more.. Source Finance Yahoo