Is Jiko a bank?
Yes! In 2020, Jiko became one of the first fintech companies to obtain the approvals required to purchase its national bank. Many fintech providers build on top of existing bank infrastructure, which limits flexibility and creates operational dependencies.
Yes! In 2020, Jiko became one of the first fintech companies to obtain the approvals required to purchase its national bank.
Many fintech providers build on top of existing bank infrastructure, which limits flexibility and creates operational dependencies. By owning both a nationally chartered bank and a registered broker-dealer (both integrated with Jiko’s technology stack), Jiko can control and optimize the entire banking experience and eliminate unnecessary counterparty risk. This integrated approach links direct access to T-bills with banking rails to deliver transactional capabilities for clients, with transparency and oversight from regulators. Jiko chose the more rigorous path to ensure safe and sustainable innovation in the banking space.