Challenges Abound for Challenger Banks

Several neobanks have recently cut back or called it quits. We still like the niche-based model, as long as these innovators lay down a solid foundation to go the distance.

Good morning, Bank Slaters!

I hope everyone had a great Memorial Day weekend. It is hard to believe June is right around the corner.

Let’s talk about challenger banks.

The past few weeks have been challenging for many many of those ventures.

Daylight, geared toward the LGBTQ+ community, will shut down next month. Kinly, which serves Black clients, is selling