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Increase Bank FDIC Launch, Digital Euro Pilot & Deposit Rate Wars
Audio is available on Spreaker — see link below.
Increase launches an FDIC-member bank giving fintechs direct access to payment rails, the ECB names 36 partners for a 2027 digital euro pilot, and retail deposit rates hit 6.75% APY as Chase chases bulk balances. The infrastructure and policy gaps shaping fintech's next move.
Audio is available on Spreaker — see link below.
Increase just launched an FDIC-member bank, and that's a bigger deal than it sounds. For years, fintechs have had to partner with traditional banks just to access basic infrastructure: the Fed, The Clearing House, Visa's payment rails.
Across the Atlantic, the ECB has published accessibility standards for the digital euro and named thirty-six payment providers for a twelve-month pilot starting in the second half of twenty twenty-seven. That moves the digital euro from concept to operational design.
Meanwhile, the retail banking rate war is reshaping around two very different strategies. Credit unions are winning on APY.
Chase Private Client Checking is now offering up to three thousand dollars for transfers of one hundred fifty thousand dollars or more. That's not a rate competition.
Three things are worth tracking closely from here. First, whether Increase's FDIC charter holds up under regulatory scrutiny as it scales.
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