nonbank

noun

non·bank ˌnän-ˈbaŋk

often attributive

: a business that is not an officially established bank but offers many similar services

Examples of nonbank in a Sentence

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BaaS has since transformed the financial landscape, enabling licensed banks to integrate digital banking services into nonbank businesses. —

Serge Beck, Forbes, 18 Dec. 2024 As private credit has exploded in recent years, alternative asset managers are increasingly looking at nonbank, fintech companies to invest capital. —

Leslie Picker, CNBC, 13 Dec. 2024 The highest-ranking traditional bank, Bank of America, came in at No. 3, sandwiched between two nonbank lenders, online giant Rocket Mortgage and Fairway Independent Mortgage Corporation. —

Kelsey Neubauer, CNBC, 26 Nov. 2024 For one thing, financiers are increasingly performing riskier activities through nonbank financial institutions, such as insurance companies and private equity firms, which face less scrutiny. —

Gillian Tett, Foreign Affairs, 11 June 2019 See all Example Sentences for nonbank