The following was produced by Tearsheet Studios. We worked with Q2, a digital banking software company, to create a four part podcast series on how embedded finance and banking as a service is changing the definition of who is a bank, where customers turn for banking products and services, and how it is helping some of the weakest players in the economy get access to the modern financial industry. 

There’s still almost 20% of the U.S. population that’s underbanked. That’s tens of millions of people who may have access to basic banking but are falling between the cracks. That’s in spite of the fintech bull market we’ve had over the past few years.

I interview Q2's Ahon Sarkar about the impact banking as a service changes the economics of banking. The result is more products and services available for the underbanked. We discuss how this changes the banking industry and the customers it serves.