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True that cloud native, low code / no code composable platforms are key, as they enable faster integration with ecosystem and product GTM.

The main issue is not just the tech, it is about cultivating a digitally native mindset / approach. Thinking outside in and not Inside out i.e. Customer experience, use cases, journeys.

This us what the new age innovation Framework viz. 3F: Future Fintech Framework enables. An approach to create solutions that are not only engaging, but also digitally native, secure, compliant, rewarding and profitable.

You are frequently ending with foot in mouth.

Exactly, your company cannot be a Fintech as your arrangement is not under any structure which is authorized or regulated to offer Financial services related solutions directly to customers, using tech. That is the difference. Fintechs need to be under some form of regulatory arrangement / structure and authorized to conduct that activity. Even Jar in India needs to be either an IFA or RIA (Regulated entities). So they are thereby regulated.

Your shallow logic of how chime has been  stopped, does not mean that they were unregulated earlier. They were trying to be over smart and it has come to notice of regulators, so they are being stopped. There are many informal investment collectives and lending firms operating, that makes them more illegal than unregulated. 

I am not claiming anything unlike you. I am infact suggesting an progressive approach, given the problem arising out of frequent regulatory tweaks and needs, due to evolving ecosystem, where fintechs are regulated but there is still no clarity on many aspects. Thus, a 4 way classification will help.

Your continued mention of so called twisted interpretations, does not prove your point. Rather, it hints to a lack of understanding and appreciation of the topic involved.

Jupiter operates as an NBFC again partnering with banks for Bank accounts. So, it is also regulated.

Chime operates as partner to Stride Bank and Bancorp Bank. Something like a Sales Agent, DSA or BC arrangement in India. Last year it was stopped from using the work "bank" by regulators as it is just an agent of the Bank and not a bank itself. Why did the regulator stop them from using the word bank, if they were not regulated?

Moneycontrol also offered account aggregation services on its site few years back. This was using API's from Yodlee / Intuit. This makes them more of front end providers and that is one classification I have suggested in my article, in order to accomodate and manage such developments with use of Embedded API's in Fintech.

As I said, you are sticking to one word, going round and round by twisting them to your own context, despite being proven wrong everytime. This is what is called being rigid and commie like.