Increase Secures Banking Charter via Twin City Acquisition | bobsguide
Summary
Increase acquired Twin City Bank and used that transaction to become a fully chartered bank. The move lets Increase control both the banking charter and the infrastructure layer it already provides to fintech customers. That vertical integration reduces reliance on middleware and simplifies compliance, audit, and security workflows for engineering teams. The article frames the deal as part of a broader shift toward direct, API-driven banking infrastructure for scaling fintechs.
AskAI Classifications
Sectors
Fintech, Banking and Payments
General FinTech
Core Banking Software
Functions
Procurement and Purchasing
Accounting and Taxes
Procurement Software
