Banking License
topic on 1 show · 2 statements across 2 episodes
2 statements about Banking License, every show
Mignot: Securing banking licenses is much easier before reaching scale
“I think he would, you know, I mean, I heard it said that a couple of times because, and you see today, it's a lot easier to get a banking license when you were, before you have scaled and then after you have scaled.”
Storonsky: Secure a banking license before acquiring customers when building a bank
“Oh, what I really learned is it's so whenever you want to build a bank, you'd rather get a banking license before you have customers. So that's kind of, you know, key lesson, because as soon as you have many customers, millions of customers, tens of millions o…”