TL;DR FinTech Banking with consumer focused neo banks (think Chime, etc.) has traditionally been the provenance of the community bank. This is because banks under $10B in assets earn increased interchange revenue due to the Durbin Amendment exemption. This bump in interchange is shared with a FinTech partner, often as the primary source of revenue for the FinTech.

As many FinTechs expand into new lines of business such as credit cards or services to small business and commercial customers, banks subject to Durbin have become more viable and competitive. Larger banks are now examining the opportunity as a means to generate revenue, reach users beyond their main geographical footprint, serve customers in a particular vertical or segment, and even to support Diversity, Equity and Inclusion (DEI) initiatives.

This report will explore the following areas:

• What is FinTech Banking?
• The FinTech Banking Opportunity & Considerations
• Potential Revenue Scenarios

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