2018-6-22 19:14 |
At the moment, under the current regulation this California-based company doesn’t have a right to operate like a bank.
But as it has become known Robinhood has already begun discussions with regulators with a view to receive allowance to offer banking-like products through different licenses or partnerships.
Robinhood is not the only financial technology startup that has decided to go in for more traditional banking sphere.
Recently, Social Finance Inc. and Stash Financial Inc. have already started to consider an opportunity to offer similar products.
If Robinhood is registered as a bank, it will have an opportunity to offer even a wider range of services and to become a one-stop financial platform.
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