A Substack newsletter covering fintech news, including banking-as-a-service, regulation, sanctions issues and bank charters.
HN commenters recommend it for fintech news and link its posts on partner bank scrutiny, regulatory risk and a startup's bankruptcy troubles.
I think this is very relevant: https://fintechbusinessweekly.substack.com/p/with-blue-ridges-occ-agreement-rumors
TL;DR my understanding is that if you host a banking API you are going to get a lot of scrutiny on who your customers are.
And you can expect an increasing level of compliance regulations heading your way to help regulate and prevent the problems described in the parent.
Not to spread FUD, but a friend of mine shared this with me some time ago. It's a good article. I suggest reading it.
https://fintechbusinessweekly.substack.com/p/evolves-problematic-partners-bankruptcies
- https://fintechbusinessweekly.substack.com/ - for Fintech News
- https://stratechery.com/ - for tech related discussions
https://fintechbusinessweekly.substack.com/p/kontigo-ycombinators-venezuela-sanctions