In the News

LGBTQ+ fintech Daylight to close its doors

Written by Rajashree Chakravarty | May 25, 2023 5:53:00 PM

Challenger banks targeting niche customers are struggling to meet market demands, says Ron Shevlin, chief research officer at Cornerstone Advisors. He thinks the customer base of challenger banks represents neither a good source of making money nor great lending options.