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FDIC CONSUMER NEWS | JUNE 3, 2024 |
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FDIC CONSUMER NEWS - JUNE 2024 EDITION
Banking With Third-Party Apps
What to know about fintech, banking relationships, and deposit insurance
Technology has continued to transform the business of banking in recent years. Traditionally, consumers opened deposit accounts directly with banks (whether in-person, on the bank’s website, or through the bank’s mobile app). The easiest way for most consumers to have confidence that their money is safe continues to be opening an account directly with insured depository institutions, like FDIC-insured banks and savings associations.
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