Reconsidering the concept of Neobanks, these emerging banks.

On September 29, 2026, Stripe released a detailed article written by Will Awan. The article outlined Stripe’s stablecoin product portfolio, breaking down the services that a bank can offer into eight distinct modules: card issuance, payment processing, financial management, and even the ability to issue US dollars. A few days later, Stripe assigned the founder of the crypto wallet company Privy to take over the responsibilities related to cryptocurrencies and stablecoins.<br /> <br /> In the past, neobanks were typically divided into two parts: the front desk, which was operated by the neobank itself, and the back office, which was handled by partner banks. However, in this era of blockchain and AI, Stripe has further broken down the back office into individual modules. With the help of blockchain technology, anyone can create their own bank.<br /> <br /> On September 25, the platform Whop introduced a neobank template, claiming that it would be possible to set up a bank in just 15 minutes. Nubank is also taking similar steps.