Meet the new bankers: Stripe the latest fintech entering sector in US

Payments unicorn Stripe, founded by Irish brothers John and Patrick Collison, and bank technology provider Fiserv have pursued a narrow banking charter in the US state of Georgia. 

Some fintechs have a new strategy for navigating the risks and limitations associated with their partnerships with banks: become a bank themselves.

Payments unicorn Stripe, founded by Irish brothers John and Patrick Collison, and bank technology provider Fiserv have pursued a narrow banking charter in the US state of Georgia, a signal that financial-technology companies are increasingly moving to gain more control over their businesses by reducing dependence on bank partners. Under the tech-friendly Trump administration, the trend is poised to accelerate.