It is very unlikely that you would be granted a banking charter in the United States for a 'challenger' bank model. The FDIC (and other regulators) have started

It is very unlikely that you would be granted a banking charter in the United States for a 'challenger' bank model. The FDIC (and other regulators) have started to approve some de novo (new) banks[1], but these are very much the run of the mill community banks that are not looking to disrupt. The regulators in the U.S. will finally give in, but we're more likely to see a 'challenger' bank as a spin out of an existing bank over the next few years IMO. N26 and other UK/European challenger banks are entering the U.S. market this summer, but they will not have a banking license. [1] https://www.americanbanker.com/slideshow/rebirth-the-de-novo-bank-class-of-2018 https://www.americanbanker.com/slideshow/rebirth-the-de-novo...