The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.
On the business and investing side of the industry, SPACs (special purpose acquisition company) are heating up the market for proven and innovative banking companies. Where consumers are gravitating towards has been shifting toward digital-first for some time and there is now a growing group of innovative fintech and banking companies going public through SPACs.
Do Brick and Mortar Make a Bank?
When consumers are looking for a bank to use these days, it may not be nearly as much of a consideration to search for a bank with a physical location nearby. Ultimately, eliminating physical location-based costs such as real estate, overhead, utilities, and local staffing might be able to provide banks with financial room to offer better digital-oriented products to their customers.
For people who are looking to learn more about some of the most forward-thinking and innovative banking companies in SPAC environments possible, one place to look is a company like MoneyLion.
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