PayPal's Bank Bid Shows Fintechs Moving Away From Partnerships -- Market Talk

Dow Jones12-17 01:00

1200 ET - PayPal's application for a charter to establish PayPal bank shows the traditional bank-fintech partnership is no longer working, says Anna Kooi, who covers financial services at accounting and consulting firm Wipfli. Establishing a bank would allow PayPal to move away from partnering with banks, Kooi says. Bank charters are appealing to fintechs like PayPal because they allow for cheaper funding and greater control over product delivery and customer data, Kooi says. "PayPal is signaling that scale fintechs no longer want to rent bank balance sheets or compliance frameworks; they want to own them," she says.(katherine.hamilton@wsj.com)

(END) Dow Jones Newswires

December 16, 2025 12:00 ET (17:00 GMT)

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Bank charters are appealing to fintechs like PayPal because they allow for cheaper funding and greater control over product delivery and customer data, Kooi says. \"PayPal is signaling that scale fintechs no longer want to rent bank balance sheets or compliance frameworks; they want to own them,\" she says.(katherine.hamilton@wsj.com) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 16, 2025 12:00 ET (17:00 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4524","symbol_name":"宅经济概念","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2592936092","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2592936092","pubTimestamp":1765904400,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1200 ET - PayPal's application for a charter to establish PayPal bank shows the traditional bank-fintech partnership is no longer working, says Anna Kooi, who covers financial services at accounting and consulting firm Wipfli. 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