Klarna’s Charter Bid Tests the FinTech Banking Model
FinTechs are treating banking licenses as strategic infrastructure. Klarna’s decision to apply to establish Klarna Bank USA, a Utah-chartered industrial bank, illustrates that shift. The Swedish company filed applications with both the Utah Department of Fina…
FinTechs are treating banking licenses as strategic infrastructure. Klarnas decision to apply to establish Klarna Bank USA, a Utah-chartered industrial bank, illustrates that shift.The Swedish compan… [+4897 chars]