Total # of Digital "Direct" Banks - Q4 2024
138
- Up from 129 YoY
- Up from 137 QoQ
- Example: Legends Bank is the Host Bank to a Direct Bank called Her Bank
Digital "Direct' Bank Defined: a digital division of a chartered institution (also known as a digital branch, affinity brand, digital bank, etc.)
Source: www.FedFis.com | FedFis Direct Bank Report
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