Fintech Flash

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Marketing Together in Fintech-Bank Partnerships
In this edition of Fintech Flash, we discuss ways to enhance the marketing approval process in fintech-bank partnerships. We also touch on why banks must control program marketing, conducting due diligence on marketing capabilities, and memorializing in the program agreement how banks and fintechs work together, including on marketing.
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FDIC Approves Deposit Insurance Applications for ILCs Proposing Specialty Business Models
An industrial bank or industrial loan company (each, an ILC) charter can be an attractive option for a financial technology (fintech) company or another company seeking to enter the banking space. Since January 2026, the Federal Deposit Insurance Corporation (FDIC) has conditionally approved four separate de novo deposit insurance applications for Utah-chartered ILCs submitted by Ford Credit Bank, GM Financial Bank, Edward Jones Bank, and Stellantis Bank. Applications related to additional ILC charters remain pending before the FDIC.
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