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What is the monetization model for this banking startup? Balance sheet will not show any interest earning, service fee income, not standard way of lending and deposits business?

Kevin offering and growth from 2018 till 2023 seems very good after that, they have gone into wrong footing including rubbing wrong side of regulator.

Person on left in picture is Tadas -https://www.linkedin.com/in/tadas-tamo%C5%A1i%C5%ABnas-664b8039/ one of the founder and CEO of Kevin.

Good to see largest bank in US going to basics of personal touch, face to face interaction. This shows how ever digital your infrastructure may be bank need to focus on their basics. 

Does knowing IP Address of payment trasaction for given competitor togther with payment data pose data security ?

Moment the device stolen, customer gets another SIM and deactivate the stolen phone SIM.

If SIM based cryptography is used as second factor authentication then risks of stolen devices for transactions gets de-risk.

Stripe received Payment Aggregator license (in-principle) in early 2024 so now next step is to put up infrastructure which as per regulator (RBI) need to follow it's cyber security controls, process and procedures.

Back of the envelope calculation on timeline 

1 3 to 4 months to setup infra and controls.DC + DR ( In India).

2. 3 to 4  months for PCI and ITGRC norms audits

May or June 2025 seems reasonable cooling time justified.

CFPB is viewing BNPL as product purchase on EMI linked to Credit Card so what's wrong in it? 

Great initiative by Unicredit, Italy. Definite learning page for all card managers.

Why none of the bank as well as regulator did not mention about their inability to operate from DR site despite the fact millions are spend by the bank - all is investors and customers money.

Happy to see bankers attempting to penetrate deep in their customer relationship - it is bank's role to manage customer's money and advice - good to get a handy app/technology option for it.

Can this tool be used by any US citizen for limited time as free ( till they open account) to acquire more customers as well as bank can find longer retain period.