Welcome to Breaking Banks; this week, we have a hot topic that we will be discussing with leaders in the financial services industry. Recently, California regulators said Chime and other neobanks have to stop using the term ‘bank’ in all advertisements. But if these neobanks aren’t indeed ‘banks,’ what are they?

Tune in as Jason Henrichs and Brett King  are joined by friend, regular contributor, and host of Tech on Reg, Dara Tarkowski. Also joining the show is true pioneer Shamir Karkal, co-founder of  Simple before its acquisition by BBVA. He is now CEO-CoFounder of Sila; Sila offers ACH, KYC and digital wallet APIs.