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How to Build a Better Relationship with Your Bank. By AllBusiness Editors | In: Finance. Owners of small and mid-size businesses understand that selecting the right banking institution is a key component to their business’s financial health. And, as with any relationship, building on a strong foundation will lead to long-term success.
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First off, it’s important to make a distinction between the 2 types of banks which can be created in the age of Fintech. A ‘full bank’ – one that replicates the services of a traditional bank (i.e. has a full banking license) and a Neo Bank – one that looks like a bank but has distinctly different characteristics.