The way the basic checking account is constructed has not changed in decades. Your money is kept on a bank’s balance sheet and the bank lends this money out and they make money on the spread. Obviously, I am simplifying here because banks use leverage on these deposits to lend out multiples of this money. But the core system has remained unchanged. Our next guest on the Fintech One•On•One podcast is rethinking this structure. Stephane Lintner is the CEO and […]