OBSERVATIONS FROM THE FINTECH SNARK TANK
Does the US need a new online bank? If that bank serves new military recruits—who are often underserved, under-educated, and under-protected by the banking industry—then, yes it does.
With the presence of strong military-focused financial institutions like USAA, Navy Federal Credit Union, PENFED Credit Union, and others, another bank designed to serve military members might appear unneeded.
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