Novo Banks on Faster Deposits & Apps to Gain Small Business Market Share
Fintech Labs Insights
AUGUST 30, 2022
Details are sketchy, but Novo likely uses the integrations to Stripe, Wise, etc to post funds ahead of scheduled ACH transfers. Again, the feature would be much more of a competitive advantage if Novo did a better job explaining how it works. Reserves : I don’t love this name, since it makes me think of a credit line.
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