Jason Wilk, Co-Founder & CEO of Dave

The neobank space has really heated up the last couple of years. The leaders are getting great traction with millions of customers now and the rapid growth is showing no signs of slowing down. These fintech companies have really changed consumer expectations now and we are seeing banks react to these new dynamics.

Stephane Lintner, Co-Founder & CEO of Jiko

The way the basic checking account is constructed has not changed in decades. Your money is kept on a bank’s balance sheet and the bank lends this money out and they make money on the spread. Obviously, I am simplifying here because banks use leverage on these deposits to lend out multiples of this money. But the core system has remained unchanged.