Lionel Laurent, Columnist

Fintech's License to Fail

Control of your own product comes with a hefty price tag.

August 23, 2016 at 11:15 AM UTC

Lionel Laurent is a Bloomberg Opinion columnist writing about the future of money and the future of Europe. Previously, he was a reporter for Reuters and Forbes.

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Who would want to be a bank these days? Quite a few technology startups, it seems.

Mondo received a commercial banking license in the U.K. this month and plans to offer checking accounts next year. Atom Bank, backed by Spain's BBVA, and Starling now have U.K. licenses. Germany's Number26, received its own permit last month.