Except "neobanks" legally not allowed to call themselves banks because they aren't banks. They are white-label service on top of someone who provides a banking

Except "neobanks" legally not allowed to call themselves banks because they aren't banks. They are white-label service on top of someone who provides a banking API, and those usually sit on top of someone who provides them with some other API. There are like 3.5 real banks with "public" API that have bank chapter, if not less. Like this Increase, "build your own bank", but themselves it isn't a bank. It's just an API to their partner banks.