New Challenger Banks Looking to Stay Local

There is an interesting movement in the fintech space where some challenger banks are focused on serving local communities first; Tearsheet interviews their own reporter for some background on this story; examples cited are AlbaCo which plans to service local businesses when it gets its banking charter and Joust who are trying to carve out a niche by forming personal connections with their client base of freelancers; also they discuss Carolina State Bank which is not a fintech company, rather a new community bank, but they are working to serve local businesses with a strong digital presence. Source.

  • Peter Renton is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.